South Eastern Coalfields Limited (SECL), Mini Ratna company spent 2% of its profit on corporate social responsibility initiatives in 2018-19 (Apr-Mar), it said in annual report.
The prescribed budget for spending on CSR during the period stood at Rs 81.04 crore out of which the company spent 83.55 crore.
Company has always been a frontrunner to assume its responsibility towards society for sustainable development and inclusive growth in the surrounding areas of mining Projects. It aims at making CSR an inherent part of the business processes for sustainable development across the Society, it said.
SECL, is single largest Coal producing Company of India, with 157.35 Million Tonnes of coal production in 2018-19. Coal reserves of SECL are spread over the States of Chhattisgarh & Madhya Pradesh and the Company is operating 70 mines (43 mines in CG & 27 mines in MP).
CSR initiatives supplement the acts of a state in enhancing welfare measures of the society by engaging with
community and working towards overall development, which forms an integral part of our mining operations.
Company has adopted Healthcare – SECL stands for Health as thematic programme for its CSR Activities and contributed Rs 53.84 Crore towards ‘Promoting Healthcare’.
Executing CSR activity for tree plantation under Hariyar Chhattisgarh Programme- 2018 through Chhattisgarh State Forest Department on deposit basis for an amount of Rs. 20 crore under CSR Activities
Engaging with local community and working towards their development is an integral part of business strategy, company said. The primary beneficiaries of CSR are primarily the land oustees, Project Affected Persons (PAPs) and those staying within the radius of 25 km of the Project. Poor and needy section of the society living in different parts of the states in which the Company is operating are the second beneficiaries.
The mines of South Eastern Coalfields Limited are located in different parts of the States of Chhattisgarh & Madhya Pradesh, and are relatively in isolated areas with little contact to the outside society. Coal mining has profound impact on the people living in and around the areas where the mines are established.
The obvious impact of the introduction of any production activity in such areas changes the traditional lifestyle of the original inhabitants and indigenous communities and also changes the socio- economic profile of the Area.