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NALCO's CSR policy focuses on sustainable development
- 1. PRESENTED BY :- RIYA KATOCH 19dM163 PARIMA CHOUDHARY 19DM132 RAJAT CHAUHAN 19DM153 SAHIL GARG 19DM173 SANTOSH REDDY 19DM183 PRAVIN KUMAR OJHA 19DM142
- 2. National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on 7th January, 1981, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal and power. NALCO is one of the largest integrated Bauxite-Alumina- Aluminium - Power Complex in the Country. Globally, NALCO has achieved the distinction of being the ‘lowest cost producer of bauxite’ in the world for the year 2018. NALCO is the first Public Sector Company in the country to venture into international market in a big way with London Metal Exchange (LME) registration since May, 1989. ABOUT NALCO
- 3. NALCO’S CSR POLICY NALCO aims towards achieving sustainable development across the economic, social and environmental dimensions addressing the five P’s of sustainability namely people, planet, prosperity, partnership and peace. Inclusive growth by means of comprehensive interventions has always been the thrust of NALCO. As per the mandate of Companies Act 2013, since 2014-15 onwards, the Company has been spending 2% of its average net profit during the three immediately preceding financial years under different heads stipulated under Schedule VII of the Companies Act, 2013. The Composition of the CSR Committee: Shri D Mahanta, Independent Director, Chairman Shri S Sankararaman, Independent Director Shri M Sahu, Independent Director Smt. Kiran Ghai Sinha, Independent Director Shri N.N. Sharma, Independent Director Shri K.C.Samal, Director (Finance) Shri V. Balasubramanyam, Director (Production) Shri B. K. Thakur, Director (HR)
- 4. THEMATIC AREAS Items under the schedule 7 Sectors covered under the schedule 1 Eradicating hunger, Healthcare, Sanitation etc. 2 Education, Skill Development, Livelihood 3 Empowering Women, Gender Equality etc. 4 Environment Sustainability, Conservation of Natural Resources etc. 5 Art & Culture, Setting up of Public Libraries 10 Rural Development 12 Iconic Shrine Development Project, Administration Expenses 1 41% 2 23% 3 0% 4 3% 5 2% 10 6% 12 25% RESOURCE ALLOCATION
- 5. GEOGRAPHICAL OUTREACH Angul Damanjodi/Koraput Bhubaneshwar/Khurda Puri Vishakhapatnam Potangi Others
- 6. 2015-16 2016-17 2017-18 2% of Profit ₹ 2624.00 ₹ 2756.19 ₹ 2788.00 Average Expenditure Of 3 Years ₹ 2716.65 ₹ 3000.80 ₹ 2901.40 Net Profit ₹ 131207 ₹ 137809.67 ₹ 1,39,378 (These figures are in lakhs) FACTUAL DATA
- 7. CSR ACTIVITIES • Iconic City Puri – Nalco has undertaken the development of Puri, a holy city, in Odisha. Some of the projects are illumination of Jagannath temple, providing clean drinking water to pilgrims. • Swachh Bharat Mission – Nalco has been an active part of Swachh Bharat & Swachh Vidyalaya Abhiyan. Overall 479 toilets have been constructed in 227 schools of Odisha & Andhra Pradesh, for better sanitation and health condition at school level. • Health Care – Nalco has contributed a lot to the healthcare sector over the years. These include mobile health service, free medicine to periphery villages; free veterinary service to identified villages; assistance during natural calamities etc. • Environmental Sustainability & Ecological Balance – NALCO has undertaken various steps to preserve environment. They have planted around 6.8 crore samplings around their facilities and also taken various beautification projects through Odisha.
- 8. • Skill Development Programme – NALCO provide employment generating training to the unemployed youth regularly. Some of these are beautician course, food and nutrition, tailoring, motor winding, pump maintenance, etc. • Drinking Water – NALCO looks after a lot of activities such as drinking water & irrigation; renovation of ponds, canals & other water bodies; digging of wells and tube wells; supplying drinking water through tankers to water scarce villages during summer. • Education – NALCO has undertaken activities such as construction of classes, toilets, boundary walls; organising science exhibitions and study tours etc. They also run NALCO provides 812 tribal children from Koraput district for residential education • Rural Development – NALCO has constructed and renovated roads in nearby villages. NALCO has addressed the problems of housing and employment; construction of community halls; development of public parks, etc. • Protection of National Heritage - NALCO organizes “Kalinga Mahotsava” at Dhauli and “Rajarani Music Festival” The Company has also con tributed Rs. 25 lakh for the “Culture Fund” of Government of Odisha for the progress and development of the Odishan Culture. It contributes Rs 10 lakh to Tribal Festival “Parab” every year.
- 9. Comments and Suggestions NALCO have a robust and well managed visions which helps them in the smooth functioning of there CSR activities. Even though the company is currently carrying out its activities effectively and efficiently still as a group we think there are a couple of things which should be taken care of: Nalco spend their CSR amount in around 70 areas. Since they take up many places, no place is allotted more than 2 crores each. In some sectors the maximum allotment is not even 50 lakhs. They should properly allocate funds to different sectors. NALCO should invest more into the activities which have a proper project instead of investing into one-time activities. Their visions should be long term not short term.
- 10. THANK YOU