As per the Section 135 of Companies Act, 2013, Central Public Sector Enterprises (CPSEs) under Ministry of Steel earmark at least 2% of the average net profits made during the three immediately preceding financial years for Corporate Social Responsibility (CSR) activities. Unspent balance for the previous year, if any, is carried forward to the next year for utilization for the purpose for which it was allocated.
The details of amount spent on CSR activities by the CPSEs under Ministry of Steel during the last three years are as under:-
(Rs. in lakhs)
| Name of CPSE | 2022-23 | 2023-24 | 2024-25 |
| Steel Authority of India Ltd. | 16246 | 16193 | 13809 |
| Rashtriya Ispat Nigam Ltd. | 33 | * | * |
| NMDC Ltd. | 8758 | 19707 | 19114 |
| MOIL Ltd. | 1374 | 1666 | 1526 |
| MECON Ltd. | 61 | 125 | 140 |
| KIOCL Ltd. | 555 | 87.5 | * |
| MSTC Ltd. | 302 | 378 | 481 |
*Owing to financial losses during FY 2023-24 and 2024-25, RINL has not allocated any CSR fund and KIOCL has aligned its CSR obligations for the financial year 2024-25 by utilizing the provisions of Section 135 of the Companies Act, 2013, which permit the set-off of excess CSR expenditure from previous years. Accordingly, the company has adjusted its current CSR requirement by availing a set-off from the surplus CSR expenditure carried forward from FY 2021-22.
Thrust areas of the CSR activities inter-alia include promotion of education & health, women empowerment, sustainable income generation through Self Help Groups, assistance to Divyangs, access to water and sanitation facilities etc. The CSR works benefit society at large, therefore, exact number of beneficiaries due to individual work by CPSEs, location-wise and the respective head of expenditure, is not maintained.
CSR projects by CPSEs under Ministry of Steel are mainly carried out in periphery of Steel Plants, Steel Townships and Mines which are also inhabited by Scheduled Tribe, Scheduled Castes and Backward population.
