Government owned Coal India Ltd (CIL) and its subsidiaries have spent a total amount of Rs 1,977.76
crore on Corporate Social Responsibility (CSR) during the last four financial years, according to
CIL and its subsidiaries have collectively spent Rs 489.67 crore, Rs 483.78 crore, Rs 416.47 crore, Rs
587.84 crore in financial year 2016-17, 2017-18, 2018-19 and 2019-20 respectively.
“National Miner Coal India Ltd (CIL) spent a total amount of Rs 1,977.76 crore on CSR during FY16-17
and FY19-20,” Coal Minister Pralhad Joshi said in a written reply to the Lok Sabha.
The collective spent of CIL along with its subsidiaries during the period stood at 1,977.76 crore over
and above the collective statutory requirement of Rs 1,575.98 crore.
Similarly, NLC (India) Ltd along with its subsidiary NTPL collectively spent Rs 213.75 crore
on CSR during the same period.
Out of this expenditure, NLC (India) Ltd spent Rs 205.9 crore, while its subsidiary NTPL
spent Rs 7.85 crore.
Notably, the Companies Act in India makes it mandatory for companies of a certain turnover and
profitability to spend a certain percentage of their average net profit on CSR for development of the
areas and communities around its operations.
By: Murtuza Merchant