Sunday, July 5, 2020

CSR Fund of Odisha Mining Corporation created and disbursed


CSR Fund of Odisha Mining Corporation created and disbursed
( 2014-15 to 2019-20)
Dear friends
On 14.5.20.,  RTI  Application  was  submitted  to the PIO, office  of Odisha Mining  Corporation, Odisha, Bhubaneswar  seeking  information about  creation of CSR Fund and its utilization since 2014  and  fund  donation to the  Chief Minister Relief Fund. On 26.6.20.,  the PIO supplied  the  following  information.

As per section 135 of the  Companies Act, 2013,  OMC developed  a Policy  on Corporate Social responsibility  in 2014  which  was approved  by Board  in its  406th meeting held  on 30.6.14. It  was created  with  the objectives  to take  care  of the socio-economic  well-being of the local  people  and environment protection  even after  closure  of the mines, eradicate poverty and hunger,  creation of  employment, ensuring environmental sustainability  etc. The  details    of CSR Fund marked  and utilized  is as follows.  

Financial Year
Earmarked CSR Provision  as per Companies  Act , 2013 ( 2%) (Rs./Cr.)
CSR Spent ( Rs./Cr)
Donation to  Chief Minister Relief Fund
2014-15
20.20
16.875
0
2015-16
28.80
44.509
0
2016-17
26.24
29.185
30.00
2017-18
25.37
29.37
70.00
2018-19
9.70
10.09
120.00
2019-20
11.44
37.28
( Provisional)
470.00
2020-21
10.25
(Provisional)
2.61
250.00

Details of fund donated to Chief Minister’s Relief Fund by Odisha Mining Corporation to deal COVID -19 situations in Odisha. 

Sanctioned in favour
Amount  in ( Rs./Cr)
Purpose  of sanction
Date  of sanction
CMRF, Odisha
250.00
COVID-19 Pandemic Management
25.3.20
CMRF, Odisha
250.00
6.4.20
Total
500.00


Pradip Pradhan
M-9937843482
Date-5.7.20

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