Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
430.25
7.10 (1.68%)
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Coal India, subsidiaries spend Rs 1,978 crore on CSR from FY17 to FY20

Date: 18-09-2020

Coal India (CIL) and its subsidiaries have spent a total amount of Rs 1,977.76 crore on Corporate Social Responsibility (CSR) during the last four financial years. CIL and its subsidiaries have collectively spent Rs 489.67 crore, Rs 483.78 crore, Rs 416.47 crore, Rs 587.84 crore in financial year 2016-17, 2017-18, 2018-19 and 2019-20 respectively. The collective spent of CIL along with its subsidiaries during the period stood at 1,977.76 crore over and above the collective statutory requirement of Rs 1,575.98 crore.

Notably, the Companies Act in India makes it mandatory for companies of a certain turnover and profitability to spend a certain percentage of their average net profit on CSR for development of the areas and communities around its operations.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.