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Home Business & Corporates

Dhanbad-based PSUs in hot water for poor CSR expenditure

Lagatar News by Lagatar News
July 26, 2022
in Business & Corporates, Jharkhand
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SUBHASH MISHRA

 

Dhanbad, July 26: Dhanbad-based public sector units (PSUs) have landed in soup for their poor reports of CSR fund expenditure in the last five years.

Dhanbad Deputy Commissioner (DC) Sandip Singh has directed to slap show cause notices to Gas Authority of India Limited (GAIL), Steel Authority of India Limited (SAIL) Chasnala, DVC Maithon and DVC Panchet Hudal plants for failing to submit reports of CSR (Corporate Social Responsibility) expenditure in last five years.

 

Dhanbad DC and other officials at CSR committee meeting

The CSR Committee had directed all the district-based public and private sector units to submit reports of the fund used in social welfare projects under CSR in the last five financial years since 2016 and their action plan of development in 2022-23 financial years.

The official sources said that the public representatives expressed dissatisfaction over the five-year reports presented by Bharat Coking Coal Limited (BCCL) and Eastern Coalfield Limited (ECL Dhanbad-based Mugma Area). Taking serious note of their opinion, the DC ordered to write Coal India Limited (CIL) regarding the poor expenditure under the CSR fund.

Sources said that at the meeting, the five-year expenditure report and the 2022-23 Action Plan of Tata Steel Jharia Division Collieries were found satisfactory but the CSR committee rejected the report of ACC Cement Sindri and directed them to file correct data.

The CSR committee also directed Maithon Power Limited (MPL), DVC Maithon, DVC Panchet, SAIL Chasnala and Maithon Power Limited (MPL) to submit five-year expenditure reports of CSR fund within one week in the office of the district planning officer.

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