The Hindu Business Line : Steel PSUs to spend Rs 230 cr on CSR schemes

New Delhi, Aug. 8 Public sector undertakings under the Steel Ministry would be spending Rs 230 crore on corporate social responsibility (CSR) programmes during the current financial year.

Out of this, the major contributions are from Steel Authority of India Ltd (SAIL) who would be spending Rs 100 crore, while National Mineral Development Corporation (NMDC) would be contributing Rs 89 crore and Rashtriya Ispat Nigam Ltd (RINL) Rs 27 crore.

Mr R.S. Pandey, Secretary, Ministry of Steel, who reviewed the progress of the initiatives for implementation of the CSR activities at a meeting here urged the companies to ensure implementation of the planned programmes in a time-bound manner.

“Administrative mechanism for CSR programmes should be strengthened and suitable officials be given administrative and financial powers to streamline implementation,” Mr Pandey said during the meeting.

“Under the schemes, about 126 villages to be known as ‘Model Steel Villages’ will be provided with necessary amenities and constructive programmes to bring about all round improvement of the villages, including promotion of steel use.

“Of these, SAIL will be responsible for 79 villages, NMDC for 40, Manganese Ore India Ltd for two and RINL for five villages,” a release from the Ministry said.

It was also resolved that the PSUs will also be organising around 150 health camps in about 100 districts in the country during the current fiscal year 2007-08.

Such camps have already been organised successfully by Bokaro Steel Plant in Jharkhand and Bihar.

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