Comments
Steel Authority of India’s spending on corporate social responsibility (CSR) activities goes “beyond” the minimum requirement of 2 per cent of profits stipulated by the government for Navratna PSUs, Chairman, Mr C S Verma, has said.
”... SAIL’s annual spend on CSR activities goes much beyond the stipulated 2 per cent of distributable surplus,” Mr Verma said after he was presented with the Wockhardt Shining Star CSR Award in the Iron & Steel Sector category by Water Resources Minister, Mr Salman Khurshid, in Mumbai on Saturday.
SAIL contributes to society through its schools, hospitals, health centres, sports academies and other activities, Mr Verma said.
SAIL manages and runs 17 hospitals, seven specialty hospitals and 54 primary health centres and also contributes to educational development through 146 schools in its townships and 286 schools in other areas.
The company also runs five sports academies for hockey, football, athletics and archery.
SAIL is India’s largest steel producing company, with a turnover of over Rs 43,000 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.