CSR
NALCO spends Rs 30 cr on CSR in FY19
NEW DELHI: National Aluminium Company Limited ( spent over Rs 30 crore on Corporate Social Responsibility (CSR) activities during the financial year (FY) 2018-19 (Apr-Mar).
The spent amount is an against the mandated CSR fund allocation of Rs. 27. 38 Crore lakh following its CSR policy framed in line with the Companies Act, 2013. The average net Profit of the company for last three financial years stood Rs. 1369.16 crores.Most of the projects have been executed by NALCO Foundation, the company declared in its annual report.CMD, NALCO has launched Employee Social Responsibility (ESR) on 1st January’2019 and appealed all the employees to lend their hand voluntarily for the cause of the society.
Under the ESR scheme to start with, employees volunteered to support “Nalco Ki Ladli” by adopting one girl child each by contributing Rs.3000 per annum which is 50% of the scholarship amount and a matching grant of balance Rs.3000 will be supported from normal annual CSR budget of the Company, it said.
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC