Indian Oil Corporation

Indian Oil Corporation Ltd. is India's largest company by sales with a

turnover of Rs. 4,57,553 crore and profit of Rs 7,019 crore for the year
2013-14.
IndianOil is the highest ranked Indian company in the latest Fortune
Global 500 listings, ranked at the 96th position. IndianOil's vision is
driven by a group of dynamic leaders who have made it a name to reckon
with.
IOCLs CSR Policy:
IndianOils Corporate Social Responsibility (CSR) Vision:
IndianOil, through its Corporate Social Responsibility initiatives,
shall strive to enrich the quality of life in different segments of
the society.
In line with the above vision, IndianOil aims:
To positively impact economic and social conditions of the
communities in which it operates.
To make efforts towards self-sustainability of CSR projects.
To take initiatives on environmental sustainability.
To foster a culture of CSR amongst employees, business associates
and stakeholders.
To provide leadership and industry benchmarks in CSR initiatives.
To earn societys goodwill and build a reputation as a responsible
corporate citizen.
Thrust Areas:
Safe drinking water
Healthcare and Sanitation
Empowering women and socially & economically backward groups
Education and employment-enhancing vocational skills
Environment sustainability
Protection of national heritage and promotion of art & culture
Rural development projects
IndianOils CSR Policy will be operative within the overall ambit of CSR
Provisions contained in the Companies Act 2013, Companies (CSR Policy)
Rules 2014, Schedule-VII to the Companies Act 2013, and amendments
thereof from time to time.
CSR Committee of the Board: IndianOil shall constitute a CSR
Committee of the Board consisting of at least three directors, out of which
at least one director shall be an independent director.
Budget: IndianOil will earmark 2% of the average of its net profits earned
during three immediately preceding financial years as CSR Allocation for

the year, which will be non-lapsable. The surplus arising out of CSR
projects or programs or activities shall not form part of the business
profits. If IndianOil fails to spend CSR budget of a year, the reasons for not
spending the amount will be specified in the Directors Report.
CSR Activities: CSR activities will include projects or programs or
initiatives relating to those specified in Schedule VII to the Companies Act
2013, excluding activities undertaken in pursuance of normal course of
business. Components of CSR activities would include modalities of
execution, implementation schedule, modalities of utilization of funds, and
monitoring mechanism.
Reporting Mechanism: CSR Policy and its contents shall be displayed on
the company's web site, as per the format specified in Companies (CSR
Policy) Rules 2014. The Directors Report shall include an annual report on
CSR in the same format.
List of Major CSR Activities and Estimated Budget for FY 2014-15
(All Figures in Rs. Crores)

CSR Contacts:
Name
Sanjeev Sharma

Designation
Chief Manager (CSR)

Indian Overseas Bank

Contact No
011-2626000

Email
--

Indian Overseas Bank is a major bank based in Chennai (Madras), with

about 3350 domestic branches, including 1150 branches in Tamil Nadu, 3
extension counters, and eight branches and offices overseas as of 30
September 2014.
Vision Statement 2013-2020
To be among the top five nationalized banks in terms of business
volumes and sustained profitability with global recognition guided by high
standards of governance and ethics; and emerge as the Most Preferred
Banking Partner to unlock value to all its stakeholders.

Core Values
Customer Centricity:
Good people to grow with
Touching Hearts and Spreading Smiles
Honesty, Integrity, Fairness & Transparency
Build Leaders for Industry
Team of Skilled & dedicated Employees
Innovation& Risk Appetite
Green Banking

Various CSR initiatives by IOB:

Indian Overseas Bank, Munnur branch as part of its corporate social responsibility
initiative had sponsored free health check up camp that Sri Rajarajeshwari
Siddivinayaka Seva Trust, Kuthar Munnur has organised at Munnur on August 18
2014.
Indian Overseas Bank to Build Toilets in 59 Schools: The Indian Overseas Bank
(IOB),on August 16, 2014 decided to finance the construction of toilets for girls in 59
schools across the country as part of its corporate social responsibility (CSR)
activities in response to the call given by Prime Minister Narendra Modi in his
Independence Day address.
Contact Details:
Name
Shri M Narendra
Mr. Senthil Nathan

Designation
CMD
Corporate Public
Officer

Contact
044-28523545,28524212
Relations 044-28889352

Email
---

Life Insurance Corporation of India

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and
investment company headquartered in Mumbai. It is the largest insurance company in India
with an estimated asset value of 1560482 crore (US$240 billion).[2] As of 2013 it had total
life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year.
The company was founded in 1956 when the Parliament of India passed the Life Insurance of
India Act that nationalized the private insurance industry in India. Over 245 insurance

companies and provident societies were merged to create the state owned Life Insurance
Corporation.
CSR initiative:
LIC Golden Jubilee Foundation:
Corporate Social Responsibility is the continuing commitment by businesses to behave
ethically and contribute to economic development while improving the quality of the
workforce as well as of the local community and society at large.
LIC as a responsible Corporate Citizen has been fulfilling its social responsibilities from time
to time. LIC Golden Jubilee Foundation was established on 20.10.2006 as a part of LICs
Corporate Social Responsibility.The Foundation has been registered with the Charity
Commissioner Mumbai and is also exempt under Section 80G of Income Tax.
Focus Area:
The objectives of the LIC Golden Jubilee Foundation are promoting education, health, relief
of poverty or distress and advancement of other objects of general public utility.
Golden Jubilee Foundation can provide a great avenue of fulfilling our social responsibility at
the corporate level and our philanthropic needs at the individual level.
CSR Initiatives:
The Foundation has supported projects ranging from construction of Hospitals, School
buildings and classrooms, library, computer centre, Old age homes, Hostel buildings for
children in tribal areas, Vocational training centres for differently abled persons to provide
infrastructural facilities to needy persons in different pockets of the country.
It has also provided funds for purchase of School buses for transportation of differently abled
children and Ambulances for transportation of patients to Hospitals.
The Foundation has supported cochlear implant programme for children from economically
weaker sections of the society spread across the country through KEM Hospital, Pune.
LIC Golden Jubilee Foundation has reached out in areas where natural calamities have
devastated human life and provided infrastructural support to orphan children through
NGOs.
Contact Details:
Name
Shri S.K. Roy
CSR department
Budget Allocation:

Designation
Chairman
--

Contact
022-22028085
--

Email
mdtm@licindia.com
co_gjf@licindia.com

NUMBER

Amount sanctioned in

Total lives touched

by LIC GJF

ADVANCEMENT OF EDUCATION

140

20,16,03,164

67,020

MEDICAL RELIEF

127

20,36,85,845

53,30,216

OBJECTS OF GENERAL PUBLIC

UTILITY

35

5,68,60,755

21,37,710

Total

302

46,21,49,764

75,34,946

CATEGORY

MSTC Limited
MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the
Ministry of Steel, Government of India. The company was set up in 9th September 1964 to act
as a regulating authority for export of ferrous scrap with an investment of Rs 6 lakh.
Government of India, Members ofSteel Arc Furnace Association and members of ISSAI had
made with the investment. MSTC became a subsidiary of SAIL in 1974. In 1982, it got
delinked from SAIL and became an independent company under Ministry of Steel. It was a
canalizing agency for import of ferrous scrap till 1992.
Our Activities:
In an effort to Recycle Waste, Protect Environment and Promote Growth, MSTC has
developed a series of initiatives.

CSR Policies:
MSTC is committed to CSR and S.D. activities and planning shall be made every year at
the beginning of the year both in financial and physical terms. Planning shall be
recommended by Board level CSR committee and shall be incorporated in MOU with the
approval of the Board.
Since MSTC is an e-commerce and trading company it shall take up the projects in any
part of the country. MSTCs principals and customers are spread out throughout the
country. However, projects close to MSTC office/business would be preferred, since this
would give MSTC an opportunity to connect with the people and also monitor the
implementation and oversee the usefulness of the projects undertaken. Projects in
backward regions of different states should also be taken up.
CSR Expenditure:

Contact Details:
Name
Shri K Tripathi
Shri S S
Chaudhari

Designation
CMD
Chief GM(HR)

Contact No
033-22870810
033-22901518

Email
cmd@mstcindia.co.in
sschaudhary@mstcindi
a.co.in

Indian Rare Earths Limited

Incorporated on August 18, 1950 .
ISO 9002 Company marching forward to ISO 14000.
IREL has four Production Plants viz. Minerals Division at Chavara, Manavalakurichi,
OSCOM and Rare Earths Division at Aluva.
Major Activity: Mining and separation of Heavy Minerals like, Ilmenite, Rutile,
Zircon, Sillimanite, Garnet and Monazite
from beach sand.
Also engaged in chemical processing of Monazite to yield Thorium compounds, Rare
Earth Chlorides and Tri-Sodium Phosphate.

 Products find use in manufacture of white pigments, welding electrodes, foundries,

ceramics, refractories, abrasives for
polishing glass/ TV tubes and in sand blasting etc.
Sales turnover exceeding Rs.2600 million with export component of over Rs.1000
million.
Provides Value for money to its Customers.
Professional, Creative and Committed Workforce.

CSR Policy:
IREL has been a major partner in the development of the community
living near its units, especially near its mining areas by its CSR
initiatives. This CSR initiative has been taken by the company earlier
to the formal notification by Government bringing out the guidelines
and its implementation of CSR activities. Thus, IREL has been
conscious of its CSR and Sustainability obligations and has been
striving towards fulfilment of the same.
Objective:
IREL has formulated its policy with a balanced emphasis on all
aspects of CSR and Sustainability equally with regard to their
internal operations, activities and processes as well as in their
response to externalities, with impetus on capacity building,
empowerment of communities including socio economic growth,
environment protection, promotion of green and energy efficient
technologies, development of backward regions and upliftment of
underprivileged sections of the society.
Focus Areas:
Literacy/ education,
Water supply and Sanitation
Human Health & Family welfare
Animal/ Livestock care
Environment
Construction and Development of Infrastructure
Social Empowerment
Promotion of Sports, Art & Culture, etc
CSR Activities Undertaken by IREL:
IREL has been taking various measures for Environment Protection /
restoration & pollution control at mines and mineral processing plants
such as a) restoration of the topography of the mined out area b)
maintaining emission levels within permissible limits as stipulated by
statutory agencies c) Assisting State Government in conservation of Olive
Ridley Sea Turtles at Rushikulya river, d) Providing green cover around
mines by way of carrying out plantation of more than 1 million saplings
since inception with average survival rate of more than 80%, e)

construction of sea walls to prevent erosion of the villages around the

mining site, etc.
Budget Allocation:
Each year the budget for CSR and sustainability activities shall be as
decided by the Board. The actual budget shall be based on the CSR
and sustainability programmes planned and approved for that year
Budgetary allocation would be:
PAT of CPSE in previous
year
i) Less than Rs.100 Crore
ii) Rs. 100 to Rs. 500 Crore
iii) Rs. 500 Crore and above

Range
of
allocation
3% -5%
2%- 3%
1% - 2%

Budgetary

The amount spent by IREL towards its CSR activities in the last five
years is tabulated below:
Year

2008-09
2009-10
2010-11
2011-12
2012-13

Profit after tax

(PAT)
Rs. crore
57
23
32
171
156

Amount spent on CSR

activities
(Rs. crore)
2.16
2.66
2.78
2.85
2.90

Contact Details:
Name

Designation

Contact No

Dr.R N Patna
Mr Girish Kuru

CMD
Public Relations
Officer

022-24225778
022-24382042

Flow diagram for activities of IREL

CSR & sustainability
schemes
of
the
Unit.
CSR & sustainability
schemes
received
from outside by the
Unit.

Forwarding
the
proposals of CSR
and
sustainability
schemes
through
Head of the unit

Email
cmd@irel.gov.in
--

CSR & sustainability

schemes received
from various
quarters directly at
Corporate Office.

Designated nodal
officer at Corporate
Office
Scrutiny of proposals
by designated nodal
officer at Corporate
Office.
Proposal for approval
of the Functional
Directors
including CMD
List
of
schemes
placed before Board
Level
Subcommittee
List
of
schemes
approved by Board
Level
Subcommittee

Information to IREL
Board

Implementation of the
approved schemes by
the Unit
Monitoring/ compilation
of status report by the
designated
nodal
officer. Appraisal to the
Functional Directors and
Board
Level
Subcommittee