NALCO spends Rs 30 cr on CSR in FY19

NALCO spends Rs 30 cr on CSR in FY19

NEW DELHI: National Aluminium Company Limited ( spent over Rs 30 crore on Corporate Social Responsibility (CSR) activities during the financial year (FY) 2018-19 (Apr-Mar).
 
The spent amount is an against the mandated CSR fund allocation of Rs. 27. 38 Crore lakh following its CSR policy framed in line with the Companies Act, 2013. The average net Profit of the company for last three financial years stood Rs. 1369.16 crores.Most of the projects have been executed by NALCO Foundation, the company declared in its annual report.CMD, NALCO has launched Employee Social Responsibility (ESR) on 1st January’2019 and appealed all the employees to lend their hand voluntarily for the cause of the society.
 
Under the ESR scheme to start with, employees volunteered to support “Nalco Ki Ladli” by adopting one girl child each by contributing Rs.3000 per annum which is 50% of the scholarship amount and a matching grant of balance Rs.3000 will be supported from normal annual CSR budget of the Company, it said.

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