Kolkata (16.12.2024): Celebrating a decade of India’s CSR Legislation and Coal India’s CSR institutionalisation, the third CIL CSR Conclave began on December 15, 2024 in Kolkata which was inaugurated by Governor of West Bengal Dr C V Ananda Bose as Chief Guest of the event.
Appreciating the CSR initiatives of Coal India Limited and referring to the social commitment of CIL, Bose said, “We are living in a transformational era and we have to see beyond the boundaries which is essential for building relationships”. Under its Corporate Social Responsibility (CSR) umbrella CIL had spent Rs 5,579 crore in a decade, since CSR’s institutionalization, which is higher by 31 per cent than the statutory requirement. CIL is among the top three corporates of the country in CSR spend.
Beginning FY 2015, the first year of statutorily mandated CSR, in a ten-year span till FY 2024, CIL was mandated to spend Rs 4,265 crore but the company was ahead of it by Rs 1,314 crore. The annual average CSR spend was Rs 558 crore during this period.
Ministry of Coal Secretary Vikram Dev Dutt said that CSR is an article of faith for CIL and its subsidiaries and beginning January there would be theme-based CSR every month. Speaking on the occasion, P M Prasad, Chairman CIL added that CIL is committed to CSR activities and has spent Rs 5,570 crore on CSR during the last decade on pan India basis much of it focused on health and education.
CIL’s concentrated focus on health care, education and livelihood is reflected by the fact that, of the decade’s total CSR spend of Rs 5,579 crore these three essentials accounted for 71 per cent at Rs 3,978 crore. Health care topped with Rs 2,770 crore at close to 50 per cent of the total outlay. Education and livelihood comprised Rs 1,208 crore, over one-fifth of the total. The remaining amount was spread across rural development, and other themes like environmental sustainability, promotion of sports, disaster management etc.
