South Eastern Coalfields Limited (SECL), a Mini Ratna PSU, a Subsidiary of Coal India Limited is committed to focus on inclusive growth and improve lives by contributing towards communities around which it operates. This dedicated commitment towards inclusive growth is manifested through the Company’s CSR initiatives undertaken around the mining Areas.
The total CSR Budget allocated for the FY 2020-21 is Rs. 79.42 Crores against which the company has spent Rs. 38.33 Crores.
During the Financial Year 2020-21, SECL endeavored to meet the budgeted expenditure by contributing in various eligible CSR activities related to infrastructure, Skill Development, Education etc. on deposit basis, to be implemented by different Govt.
Implementing agencies, the said works progress got delayed & some of the works could not be started due to spread of Pandemic COVID-19 in FY 2020-21.
SECL has taken steps in the right direction and going forward, it is committed to actively engage with the Implementing Agencies to execute the projects and programs and incur expenditure from Unspent CSR Account as per Section 135(6) in accordance with Section 135 of the Companies Act, 2013.
Coal mining and SECL
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.
Primary beneficiaries of CSR
Hence, the primary beneficiaries of CSR should be land oustees, Project Affected Persons (PAPs) and those staying within the radius of 25 Kms of SECL establishment.
Under privileged section of the society living in different parts of states in which the company is operating should be secondary beneficiaries.
CSR policy of CIL
CSR policy of Coal India Limited (CIL) also contains broad guidelines regarding implementation, monitoring and reporting of CSR activities.
The policy is governed by provisions under Companies Act, 2013 or any other act that may be introduced, Government guidelines and any other govt. instructions applicable from time to time. In view of the above, a CSR Policy has been approved by Coal India Limited for all its subsidiaries and is available on the
company’s website.
Composition of CSR Committee
This Committee was re-constituted as per the requirements of Section 135 of the Companies Act, 2013 by SECL Board at its 295th meeting held on 28.12.2019.
Upon superannuation of Dr. R. S. Jha, Ex-D(P), SECL & Member, CSR Committee of SECL Board w.e.f 31.01.2021, the Committee has been re-constituted at 309th
meeting of SECL Board held on 06.03.2021
No impact assessment study
No impact assessment study has been carried out in FY 20-21 as sub-rule (3) of rule (8) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 has come into effect from 22.01.2021.
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