CSR NEWSLETTER From July 2016 to Dec 2016
Corporate Social Responsibility (CSR)
Since its inception, OGDCL has always given top priority to the development of communities residing in and around the Company’s area of operations. OGDCL management understands that there is a need to strike a balance between the overall objectives of achieving corporate excellence vis-à-vis social responsibility towards the community. It is our belief that “businesses cannot succeed in societies that fail” and this twin objective of business and social commitment has prompted OGDCL to embark upon massive programs of education, health and infrastructure development.
To promote an enabling environment between local communities and OGDCL that fulfill its obligations by way of investment in the areas of Education, Health, Infrastructure, Sports, Sanitation in collaboration with local communities and MNA’s/DCO’s (in case of obligation) to undertake poverty alleviation efforts among marginalized communities for improving their quality of life.
OVERALL CSR BUDGET:
For CSR, a budget equivalent to 1% of OGDCL’s previous year’s net after tax profit has been allocated for the year 2014-15, this amount comes to Rs. 907.77 million (Including PCA Obligation amount)