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, Water, Civic Amenities, Infrastructure, Sports, Emergency Relief in collaboration with local communities and MNA’s/DCO’s to undertake poverty alleviation efforts among marginalized communities for improving their quality of life.
For CSR, a budget equivalent to 1% of OGDCL’s previous year’s pre- tax profit has been allocated for the year 2017-18, this amount comes to Rs. 805 million (Including PCA Obligation amount).