New Delhi – Nesco Ltd spends Rs 4.62 crore on Corporate Social Responsibility (CSR) in FY 2018-19, against the prescribed CSR budget of Rs 4.5 crore.
The average net profit of the company for last three financial years is Rs 229.84 crore.
The total profit after taxes (PAT) is Rs 180.42 crore and the spending on CSR as of PAT stands at 2.56%.
The CSR activities of the company in FY 2018-19 were focused on education and health which included support to set up a new English medium high school, expansion of existing English medium school, contribution towards improvement of health, curing cancer and promoting education.
Other CSR Activities like helping in setting up a dialysis centre, contribution towards cancer aids, contributing towards promotion of health care and promotion of remedies for various ailments, providing education to vulnerable class, construction of water tanks in rural areas were also aimed at providing access to health care and equal education opportunities.
The beneficiaries by CSR activities of the company are the people of villages who earlier had limited access to infrastructure and treatment of various diseases.
The CSR policy of the company is aimed at demonstrating care for the community through its focus on education & skill development and health & wellness.
The CSR Committee comprises of Sumant J. Patel as Chairman, Mahendra K. Chouhan, Jai S. Diwanji and Krishna S. Patel as Members of the committee.
The company emphasises on enhancing quality of life for the community and aims to embed trust, fairness and care.