New Delhi – NMDC Ltd is the highest spender of the Corporate Social Responsibility (CSR) money among the Central Public Sector Enterprises (CPSEs), under the Ministry of Steela, amounting to Rs 167.24 crore followed by Steel Authority of India Ltd (SAIL) with Rs 31.18 crore during the financial year 2018-19 (Apr-Mar), a government release said.
Union Minister of Steel Dharmendra Pradhan today (1 Jul) released the total amount of money spent for the CSR activities by the CPSEs under the steel ministry.
The other CPSEs whose CSR spending were announced by the minister are Rashtriya Ispat Nigam Limited (Rs 10.3 crore) spent , MOIL Ltd (Rs 9.3 crore), MSTC Ltd (Rs 2 crore), Mecon Ltd (Rs 17 lac) and KIOCL Ltd (Rs 33 lac).
The thrust areas of the CSR activities were education, health, women empowerment, sustainable income generation through Self Help Groups, assistance to divyangs, access to water and sanitation facilities, village development, environment sustenance, Sports Coaching, Promotion of Traditional Art & culture.
The CSR projects are located in the States of Chhattisgarh, West Bengal, Jharkhand, Andhra Pradesh, Bihar, Odisha. These projects are mainly being carried for people belonging to scheduled tribe, scheduled castes and the backward population residing in vicinity of steel plants, steel townships and mines.
As per the Companies Act, 2013, CPSEs under Ministry of Steel earmark at least 2% of the average net profits made during the three preceding financial years for CSR activities. The unspent balance for the previous year, if any, is carried forward to the next year for utilisation for the purpose for which it was allocated.