JSW Energy spends around Rs 7 crore on CSR; Focuses on COVID-19 Support & rehabilitation

New Delhi, 11 February 2022: JSW Energy Limited, a division of JSW Group in India, has spent a sum of Rs 6.86 crore on various Corporate Social Responsibility (CSR) activities in the financial year 2020-21. The major focus areas of the company are education, skill development and healthcare. The company carried out most of its CSR activities in Maharashtra, Karnataka and Himachal Pradesh through its implementation partner JSW foundation

The average net profit of the company as per section 135(5) was 342.60 crore and its two percent was also calculated as Rs 6.86 crore. The mandatory CSR obligation of a company is calculated as 2% of its average net profit of the past three years. 

The company aligned its CSR programmes to the key areas of health and nutrition, education and learning, agri- initiatives, livelihood, sanitation, water conservation and augmentation, biodiversity promotion, skill enhancement, art, culture, and sports.

The company donated an amount of Rs.6.86 crore to JSW Foundation, a trust undertaking CSR activities. Lat year, it had spent Rs.3.61 crore on CSR activities. In the year 2019-20, it spent a total of Rs 6.57 crore on its various CSR projects.

Details of CSR amount spent against ongoing projects for the financial year

The amount spent on administrative overheads was Rs.0.33 crore.

List of activities on which CSR money was spent

·COVID 19 Support & rehabilitation program

·Educational infrastructure & systems strengthening

·Enhance Skills & rural livelihoods through nurturing of supportive ecosystems & innovations

·General community infrastructure support & welfare initiatives

·Integrated water resources management

·Nurture women entrepreneurship & employability

·Nurturing aquatic & terrestrial ecosystems for better environment & reduced emissions

·Promotion & preservation of art, culture & heritage

·Public health infrastructure, capacity building & support programs

·Sports promotion & institution building

·Waste management & sanitation initiatives

·Project Management Cost

JSW Foundation 

The Company carries out social development activities through JSW Foundation, the social development arm of the JSW Group. Through the Foundation, the Company aims to provide the right opportunities to communities for holistic and inclusive development, striving towards creating a value-based and empowered society through continuous and purposeful engagement with the local communities. With the support from the Foundation, the Company works towards eradicating poverty and hunger, tackling malnutrition, promoting social development, addressing social inequalities by empowering the vulnerable sections of the society, addressing environmental issues, preserving national heritage, and promoting sports training.

Composition of CSR Committee

Nirmal Kumar Jain is the Chairman of the CSR committee at JSW Energy Limited. Other key members in the CSR Committee includes Rupa Devi Singh, Prashant Jain, and Chandan Bhattacharya.