PSU PRESS RELEASE
ONGC is top among the top five spenders in CSR
NEW DELHI .Sept 21,2016 The 100 top firms listed on National Stock Exchange (NSE) spent a total of Rs 4,760 crore on CSR activities. The figure rose to Rs 6,033 crore in year two, as per data sourced from the annual reports of the top 91 NSE-listed companies by market capitalization and analysed by NextGen Pvt. Ltd, a CSR management firm.
Oil and Natural Gas Corp. Ltd (ONGC) was the among the top five spenders in FY15 at Rs495.2 crore and was among the top five in FY16 at Rs421 crore.
Coal India Ltd (CIL), which was required to spend only Rs19.7 crore in 2015-16, spent Rs73.3 crore
NTPC Ltd missed the 2% target in FY15, when it spent Rs193.05 crore instead of the Rs271.35 crore it was required to allocate to social development activities. In FY16, NTPC spent Rs 491.8 crore, which was 3.62% of its profit.
A senior NTPC official in the company’s CSR department explained on condition of anonymity, “As such the deciding/influencing factors in selecting CSR projects remained the same in both the years. However, in 2014-15 and 2015-16, the national agenda of Swachh Bharat and Swachh Vidyalaya Abhiyan was given prime importance.”
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