New Delhi, 30 September 2020: Coal India Limited (CIL) and its subsidiary companies have failed to spend their total budget of Corporate Social Responsibility (CSR) for at least past three years in a row.
The largest coal-producing company in the world and a Maharatna public sector undertaking, CIL spent Rs 489.67 Crores against a total CSR budget of Rs 557.27 Crore in 2016-17. This was Rs 67.6 Crore less than the actual budget. In 2017-18, the company spent Rs 483. 78 Crore against the total budget of Rs622.15 Crore. (See the box to know details of others).
CIL and its subsidiaries are undertaking different developmental activities under CSR following the latest DPE guidelines and provisions of the Companies Act, 2013, claims the company. The allocation of funds is done as per the CSR policy of CIL under which the higher of the two amounts - 2% of the average net profit for the three immediately preceding financial years or Rs 2.00 per tonne of coal production of the previous year (consolidated coal production of CIL in case of CIL (HQ)) is allocated for a particular financial year.
The major CSR activities undertaken during the current financial year are as under:
1) Healthcare
a. Construction of 300-bed hospitals at Godda, Jharkhand by CIL has been approved.
b. Construction of 500 bedded hospital and 100-seater medical college at Angul, Odisha by MCL is nearing completion.
2) Sanitation
a. Swachhta Pakhwada was observed during 16th to 30th June 2019 and Swacchta Hi Sewa campaign was observed in October 2019 during which various activities were undertaken by CIL and subsidiaries to spread the message of Swachh Bharat Mission.
b. Various activities such as Creation of sanitation infrastructure, support to Open Defecation Free (ODF) campaign etc. are being undertaken as part of Swachhta Action Plan.
3) Education
a. Free coaching and boarding/lodging arrangements for meritorious students for appearing in engineering entrance examinations is provided under the Lal/Ladli scheme of CCL and BCCL.
b. Construction of lab, library, classrooms and hostel facility at Nivedita Shiksha Sadan Balika Inter College, Varanasi has been initiated by CIL.
4) Skill Development
a. 1659 candidates have been trained at various centers of Central Institute of Plastic Engineering and Technology (CIPET) by CIL. More than 80% of the trained students have been placed.
b. Approx. 3500 persons have been trained in different trades under different skill development initiatives of subsidiaries of CIL.
5) Disaster Management
CIL has assisted Odisha Power Transmission Corporation Ltd. (OPTCL) with ` 50.32 crores for restoration of damaged electricity lines in Odisha during cyclone Fani in May 2019.
6) Welfare of the differently-abled
Assistive aids and appliances have been provided to 1250 beneficiaries in Andhra Pradesh, Telangana and Karnataka through Sri Guru Deva Charitable Trust by CIL.
Policy initiatives and Reform Measures regarding Corporate Social Responsibility (CSR): SCCL
The Company has formulated CSR Policy and CSR activities are being taken up. Under this SCCL provides Healthcare and Sanitation facilities, promoting Education, Women Empowerment, Rural and Slum area development, promoting Environmental sustainability in adjacent villages. Rs 37.05 crores is sanctioned during 2019-20 (up to Dec, 2019) for CSR activities.
Policy Initiatives and Reform Measures regarding Corporate Social Responsibility (CSR) NLCIL
NLC India Limited (NLCIL) is undertaking different sustainable development activities and welfare activities under the CSR policy. The allocations of funds under CSR are as per DPE guidelines effective from 01.04.2014. These guidelines are based on Section 135(1) of Companies Act, 2013 which stipulates to spend at least 2% of the average net profit of the company for the three immediate preceding financial years.
x
