Jindal Steel & Power Limited’s direct contribution towards community development projects during the financial year 2019-20 stood at Rs. 26.86 Crores.
Company’s annual report revealed that the total spending on Corporate Social Responsibility (CSR) as percentage of profit after tax (%) stood at 4.35% at Jindal Steel & Power Limited (JSPL) for the year 2019-20.
Over and above this expenditure, Jindal Power Limited (JPL), a subsidiary of the Company has spent Rs. 2.86 crores for CSR in complete alignment with Schedule VII of the Act. Accordingly, collective expenditure of the Company along with JPL stands Rs. 29.72 crores, Company’s annual report said.
JSPL Foundation, the CSR Arm of JSPL, through the CSR Team has been steering the Community Participation and Ownership of CSR Projects by way of capacity building and effective collaboration between the Company and the Community.
JSPL Foundation believes that alone economic investment without targeting social equity will result in social imbalances. Therefore the company consciously pursues the strategy of inclusive & equitable growth in our CSR project, the company said.
JSPL’s social commitment includes activities in the domains of environmental conservation, education, skill building, health & nutrition, population stabilisation, helping the differently abled, creating and developing community infrastructure, safe drinking water and sanitation, generating livelihoods, entrepreneurship development, community driven natural resource management, promotion of sports, art & culture and other activities related to community welfare.
Ms. Shallu Jindal is the Chairperson of JSPL Foundation and is spearheading the CSR initiatives of the organisation.
State AIDS Control Society,
Adivasi Vikash Samiti-Joda,
WOSCA Keonjhar, RAWA Academy,
Buddy 4 Study scholarship programme,
John Augustus Prison & Social Welfare Services –Athagarh, Odisha
DAV College Managing Committee, Ramgarh
RIMS, Ranchi for Blood donation Camps,
Niramaya Hospital, Ranchi for Cataract Operations,
CHC-Patratu, GOJ for population stabilisation programme
List of activities CSR expenditure
a. Health, Nutrition
b. Drinking Water and Sanitation
c. Education and Skill Development
d. Sustainable Livelihood & Women Empowerment
e. Agriculture & Environment
f. Rural Infrastructure Development
g. Natural Resource Management
h. Sports, Art and Culture
Jindal Steel & Power Limited is an industrial powerhouse and one of the leaders in the Indian steel industry with a significant global presence.