The Company believes that the commitment to playing a defining role in the development of its stakeholders extends to uplifting the lives of the marginalised segments of society, living in and around its areas of operation.
NEW DELHI (India CSR): To amplify outreach efforts, GAIL has incurred an expenditure of Rs. 204.97 crores (3% of the average net profit of the preceding three years) on CSR activities during FY 2021-22 which is more than the statutorily mandated expenditure of 2% (Rs. 136.46 crores) of average net profit of the preceding three years. The Company with a turnover of over US $ 12 billion is Indiaโs largest natural gas Company and is ranked as the top gas utility in Asia.
The principles of Corporate Social Responsibility (CSR) are deeply imbibed in the GAIL corporate culture.
CSR function at GAIL aims to promote social good and integrate economic, environmental, and social objectives with the Companyโs operations and growth.
In alignment with the vision, the CSR initiatives strive to enhance value creation in society and the communities in which it operates, through its services, conduct & initiatives, to trigger poverty alleviation, promote sustained growth for the society, the community, and those at the bottom of the pyramid, with the long term goal of contributing towards the development of prosperous and inclusive India.
The has complied with DPE guidelines regarding spending on identified Thematic Areas, i.e. Health & Nutrition with a special focus on COVID-related measures indicating setting up of makeshift hospitals and temporary COVID Care facilities.
A robust monitoring mechanism is in place to ensure the transparency and effectiveness of CSR programmes.
The Company is at the forefront of countless welfare projects that further its CSR objectives namely through ventures like Gail Utkarsh-which provides support for specialized residential coaching for Engineering/ Medical entrance exams, GAIL Vidya- which provides support towards promoting education to underprivileged girl students from rural and semi-urban localities, Project Arogya- Health Care facilities through the operation of Mobile Medical Units in various states, etc.
