• India CSR Awards 2025
  • India CSR Leadership Summit
  • Guest Posts
Wednesday, October 22, 2025
India CSR
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
        • Festivals
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers
No Result
View All Result
India CSR
No Result
View All Result
India CSR Awards
ADVERTISEMENT
Home Corporate Social Responsibility

Jindal Stainless Limited Reported Zero CSR Expenditure, Voluntarily Advances CSR Activities

The company's financial performance has been adversely impacted by the COVID-19 pandemic.

India CSR by India CSR
May 19, 2023
in Corporate Social Responsibility
Reading Time: 3 mins read
Jindal Stainless Limited

Jindal Stainless

Share Share Share Share
WhatsApp icon
WhatsApp — Join Us
Instant updates & community
Google News icon
Google News — Follow Us
Get our articles in Google News feed

Jindal Stainless Limited’s CSR Expenditure Stands at Zero in FY 2021-22


NEW DELHI (India CSR): Jindal Stainless Limited (JSL), a leading stainless steel producer in India, has spent Rs. Nil on CSR initiatives during the financial year 2021-2022. This is in accordance with the provisions of Section 135 of the Companies Act, 2013, which requires companies to spend at least 2% of their average net profit for the preceding three years on CSR activities.

In accordance with Section 135 of the Act, Jindal Stainless Limited is required to allocate a certain percentage of its average net profits over the preceding three financial years towards CSR initiatives. However, as reported, the company did not spend any amount towards CSR activities during the specified period. Both the current year (Rs. nil) and the previous year (Rs. nil) reported no expenditure, indicating that Jindal Stainless Limited has yet to utilize the CSR funds.

“Currently, the Company has been taking swift affirmative actions to mitigate the negative impact caused due to the COVID-19 pandemic. JSL has also been closely monitoring the external environment and optimizing operations to align with the market conditions.”, Company’s annual report said.


JSL Voluntarily Advances CSR Activities

“Since the profits of the Company calculated in terms of the provisions of Section 198 of the Act, were inadequate therefore the Company was not required to incur expenditure on CSR activities till the financial year 2021-22. However, being guided by the vision and philosophy of its Founder Late Shri O. P. Jindal, the Company has planned interventions in various fields including education & vocational training, integrated health care, livelihood & women empowerment, rural infrastructure development, environment sustainability, sports and the like, on a voluntary basis.”, the company said in a statement.

“Despite zero profits during the Covid period, the Hisar arm of JSL (which existed as JSHL then), continued to invest in CSR projects in the JSL plant location at Jajpur, Odisha, besides other locations.”, the statement said.


“Despite COVID-19-induced challenges, healthy cash flow generation by the Company has gone a long way in significantly reducing the overall debt. JSL aspires to further deleverage and maintain a healthier balance sheet. Additionally, the management actively benchmarks relevant operational parameters and ensures adequate level of liquidity is maintained for smooth operations.”, the report said.

While the company’s current CSR spending stands at zero, it is crucial to note that the legislation mandates a certain percentage of profits to be allocated towards CSR. Going forward, Jindal Stainless Limited will need to align its CSR activities and financial outlay to fulfill the statutory requirements.

JSL’s CSR Committee, which is chaired by Chairman and Managing Director Ratan Jindal, has recommended that the company does not spend any money on CSR activities in the current financial year as well. The committee has cited the following reasons for its recommendation:

  • The company’s financial performance has been adversely impacted by the COVID-19 pandemic.
  • The company is currently in the process of implementing a number of capital expenditure projects, which will require significant financial resources.
  • The company is committed to undertaking CSR activities in a sustainable manner and does not want to compromise on the quality or impact of its CSR initiatives.

CSR Leadership Summit
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT
ESG Professional Network
ADVERTISEMENT
India CSR Image 1 India CSR Image 2
Tags: CSR ExpenditureJindal Stainless LimitedRatan Jindal

CSR, Sustainability, and ESG success stories
India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

Related Posts

govt school student
Corporate Social Responsibility

Delhi Govt Pushes Schools to Partner with NGOs, CSR Bodies via Vidyanjali Portal

5 hours ago
UPL Uses Rs. 33.58 Crore CSR Surplus Buffer to Achieve 100% Compliance Under CSR Law
Corporate Social Responsibility

UPL Uses Rs. 33.58 Crore CSR Surplus Buffer to Achieve 100% Compliance Under CSR Law

5 hours ago
Jindal Foundation observes Seva Diwas to mark Shallu Jindal’s Birthday
Corporate Social Responsibility

Jindal Foundation observes Seva Diwas to mark Shallu Jindal’s Birthday

6 hours ago
CSR: Marico and Ambuja Foundation to Create 10 Cr. liters of Water Potential in Gujarat
Corporate Social Responsibility

CSR: Marico and Ambuja Foundation to Create 10 Cr. liters of Water Potential in Gujarat

11 hours ago
Embracing ‘Social First’ Approach: Accelerating Digital Commerce
Corporate Social Responsibility

India’s CSR Spending Hits Record High, But Uneven Distribution and ‘Tick-Box’ Compliance Raise Concerns

11 hours ago
DBS Foundation
Corporate Social Responsibility

CSR: DBS Foundation and Sampark Enhance Education for 5 Lakh Children

16 hours ago
Load More
16th CSR Leadership Summit 2025
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT

LATEST NEWS

Delhi Govt Pushes Schools to Partner with NGOs, CSR Bodies via Vidyanjali Portal

UPL Uses Rs. 33.58 Crore CSR Surplus Buffer to Achieve 100% Compliance Under CSR Law

Jindal Foundation observes Seva Diwas to mark Shallu Jindal’s Birthday

CSR: Marico and Ambuja Foundation to Create 10 Cr. liters of Water Potential in Gujarat

India’s CSR Spending Hits Record High, But Uneven Distribution and ‘Tick-Box’ Compliance Raise Concerns

GST: Traders of Sand, Bricks Exempt from Reverse Charge Mechanism on Purchases from Unregistered Suppliers

Ad 1 Ad 2 Ad 3
ADVERTISEMENT
ESG Professional Network
ADVERTISEMENT

TOP NEWS

Axis Bank CSR Partners Empower India Through 40 Collaborative Programs Across 7 Themes

CSR: Navi Mumbai Recyclothon Engages 2 Lakh Citizens

CSR: Aster RV Hospital Builds Modern Outpost for Traffic Police

The Village That Time Forgot

Kotak Credit Cardholders Get Early Access to Vishal Mishra Tour

Biography: Nirmal Kumar Minda, President, ASSOCHAM (2025)

Load More
STEM Learning STEM Learning STEM Learning
ADVERTISEMENT

Interviews

Smita Jatia Chairperson RMHC-India. Image: India CSR
Interviews

Smita Jatia Interview: Inside Ronald McDonald House India’s Compassionate CSR

by India CSR
October 14, 2025

How Ronald McDonald House India Is Transforming CSR from Cheque-Writing to Lasting Compassionate Impact.

Read moreDetails
Ankit Mathur, Co-founder and CEO of Greenway Grameen Infra

Empowering Rural Women in India: An Exclusive Interview with Ankit Mathur, Co-founder and CEO of Greenway Grameen Infra

September 22, 2025
Ashish Aggarwal, Chief Administrative Officer and Head of Corporate Responsibility at Cummins India

Driving CSR Impact in India: An Interview with Ashish Aggarwal, Head of Corporate Responsibility, Cummins India

September 18, 2025
Rajani Jalan, Director, CSR & People Relations, mPokket

Driving Impactful CSR at mPokket: An Interview with Rajani Jalan, Director, CSR & People Relations, mPokket

September 16, 2025
Load More
Facebook Twitter Youtube LinkedIn Instagram
India CSR Logo

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium services, we invite you to partner with us.

Follow us on social media:


Dear Valued Reader

India CSR is a free media platform that provides up-to-date information on CSR, Sustainability, ESG, and SDGs. We need reader support to continue delivering honest news. Donations of any amount are appreciated.

Help save India CSR.

Donate Now

Donate at India CSR

  • About India CSR
  • Team
  • India CSR Awards 2025
  • India CSR Leadership Summit
  • Partnership
  • Guest Posts
  • Services
  • ESG Professional Network
  • Content Writing Services
  • Business Information
  • Contact
  • Privacy Policy
  • Terms of Use
  • Donate

Copyright © 2025 - India CSR | All Rights Reserved

No Result
View All Result
  • Home
  • Corporate Social Responsibility
    • Art & Culture
    • CSR Leaders
    • Child Rights
    • Culture
    • Education
    • Gender Equality
    • Around the World
    • Skill Development
    • Safety
    • Covid-19
    • Safe Food For All
  • Sustainability
    • Sustainability Dialogues
    • Sustainability Knowledge Series
    • Plastics
    • Sustainable Development Goals
    • ESG
    • Circular Economy
    • BRSR
  • Corporate Governance
    • Diversity & Inclusion
  • Interviews
  • SDGs
    • No Poverty
    • Zero Hunger
    • Good Health & Well-Being
    • Quality Education
    • Gender Equality
    • Clean Water & Sanitation – SDG 6
    • Affordable & Clean Energy
    • Decent Work & Economic Growth
    • Industry, Innovation & Infrastructure
    • Reduced Inequalities
    • Sustainable Cities & Communities
    • Responsible Consumption & Production
    • Climate Action
    • Life Below Water
    • Life on Land
    • Peace, Justice & Strong Institutions
    • Partnerships for the Goals
  • Articles
  • Events
  • हिंदी
  • More
    • Business
    • Finance
    • Environment
    • Economy
    • Health
    • Around the World
    • Social Sector Leaders
    • Social Entrepreneurship
    • Trending News
      • Important Days
      • Great People
      • Product Review
      • International
      • Sports
      • Entertainment
    • Case Studies
    • Philanthropy
    • Biography
    • Technology
    • Lifestyle
    • Sports
    • Gaming
    • Knowledge
    • Home Improvement
    • Words Power
    • Chief Ministers

Copyright © 2025 - India CSR | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.