Supreme Petrochem Ltd spent Rs3.4 Cr out of Rs3.63Cr during 2018-19, as revealed in its annual report. The company cited lack of availability of requisite land, local authority etc, pertaining to the project and activities as reason behind low CSR spending.
SPL spent its amount on Health and Sanitation, Education, sports activities and cultural activities. The company had constructed total 70 toilets in the villages in the proximity of its manufacturing facilities in Maharashtra. Total 14 classrooms from 11 schools have been converted into e-classrooms by with a computer, projector, e- learning software as per corresponding class syllabus and other associated hardware.
Merit Scholarship was also given for BSC, Diploma in Engineering and Degree in Engineering students. English Speaking course was arranged for 3 months at Wangani School .
Supreme petrochemical ltd had adopted CSR policies in 2014 and amended the same on April 26th 2019. The company is committed to inclusive sustainable development of its stakeholders and conduct its business in an economically, socially and environmentally sustainable manner. The company planned to spend 2% of their average profit of last 3 years.
The Company contributed significantly to the Society for the Rehabilitation of Paraplegics, situated at Navi Mumbai for construction of Physiotherapy Room, Vocational training Area and Medical Dressing Rooms etc.
The Company also contributed to SOS Children’s Villages of India which is engaged in the activity of conducting Girl Child educations, healthcare and nurturing talents in children.