has spent Rs 193 crore for Corporate Social Responsibility (CSR) during
Financial Year 2019-20, much more than it was prescribed, the company’s yearly
report has revealed.
required amount to be spent by Tata Steel on CSR practices during the year was
Rs 173.53 crore (Rs 82.40 crore in 2018-19), the yearly report released over
the weekend communicated.
had posted an average net profit of Rs 8676.66 crore in the last three
year ended March 31, 2020, with respect to CSR practices, the Company incurred
a revenue expenditure of Rs 192.99 crore, according to the annual report.
Foundation (TSF), a Section 8 Company incorporated under the Act. The chief
objective of TSF is to consolidate, strengthen, and extend the CSR programme
deployment and create a brand identity for it. Tata Steel Steel Rural
Development Society (TSRDS), is a registered society under Societies
Registration Act, 1860.
“During the year under review, we reached more than 1.4
million lives through our CSR interventions in the areas of health, access to
drinking water, education, livelihood, sports and infrastructure development,
among others. We plan to make a meaningful difference to the lives of more than
2 million people by 2025,” the company stated.
India, a subsidiary of Tata Chemicals, has spent Rs 4.64 crore on CSR
activities, as against Rs 4.63 crore which it was required to spend as per
Section 135 of the Companies Act, the company’s annual report stated.
spends on CSR activities on areas like Natural Resource Management, Education,
Skill development and developing Modern Tribal Village.
“Giving back to society is an integral part of our corporate culture.
Through our localised approach to community development, we aim to contribute
to inclusivity and the holistic well-being of the less privileged. Our CSR work
empowers them by committing financial and volunteer support and improving their
lives.”, the company said.
is a leading crop care company that provides agriculture solutions to over 50
lakh farmers across 80 per cent of India’s districts.
various significant stretches of understanding, Rallis India Limited is one of
India’s driving yield care affiliations, offering common reactions for in
excess of 5 million ranchers across 80% of the country’s region.
Corporate Social Responsibility (CSR) and
Affirmative Action (AA) kept being an indispensable piece of the work excursion
of the company. The Company has built its own Sustainability Model, focusing on
several CSR and AA works.
By: Murtuza Merchant