Corporate Social Responsibility by Steel manufacturing undertakings

The Minister of Steel, Shri Beni Prasad Verma has said that under the Corporate Social Responsibility (CSR) scheme, the public sector steel manufacturing undertakings, namely, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are allocating funds for the CSR activities, as per the guidelines prescribed by the Department of Public Enterprises (DPE).  The details of funds allocated by these companies under CSR scheme during the last three years are as under:

( Rs. in Lakhs)













In a written reply in the Lok Sabha today Shri Verma said, Steel is a deregulated sector and, therefore, information about the CSR funds of private sector steel companies are not maintained in the Ministry of Steel. The projects implemented under the CSR relate to water supply arrangement, construction of school buildings, supply of educational materials in schools, electricity facility, solar lighting system, health and family welfare, irrigation facilities, sanitation and public health, relief to victims of natural calamities, imparting vocational training etc. These projects are located in the States of Chhattisgarh, Odisha, West Bengal, Jharkhand, Andhra Pradesh, Bihar etc. Funds under the CSR scheme are not allocated State-wise.

Shri Verma said, as per the existing guidelines issued by the DPE in April 2013, all profit making Central Public Sector Enterprises (CPSEs) are required to make a budgetary allocation for CSR schemes as per details given hereunder:


in the previous year

Range of Budgetary allocation for CSR activities

(as % of PAT in previous year)

(i) Less than Rs. 100 Crore


(ii) Rs. 100 Crore to Rs.500 Crore


(iii) Rs. 500 Crore and above


In the guidelines, the thrust of CSR and Sustainability is on capacity building, empowerment of communities, inclusive socio-economic growth, environment protection, promotion of green and energy efficient technologies, development of backward regions/districts etc. Sporadic complaints about CSR activities are received from time to time. These complaints as and when received are referred to the concerned authorities for taking appropriate action in the matter, the Minister added.

Tags: Andhra Pradeshcorporate social responsibilityCSRDepartment of Public EnterprisesMinister of SteelMinistry of SteelRashtriya Ispat NigamWest Bengal

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates