Steel CPSEs Use Profits For CSR In Local Communities

23 Jul 2025 CW Team

According to Section 135 of the Companies Act, 2013, Central Public Sector Enterprises (CPSEs) under the Ministry of Steel allocate at least 2 per cent of the average net profits from the preceding three financial years towards Corporate Social Responsibility (CSR) activities. Any unspent balance is carried forward for use in the following year for the originally intended purpose.

CSR spending by CPSEs over the last three years has supported projects across a wide range of social sectors. However, due to financial losses in FY 2023–24 and 2024–25, Rashtriya Ispat Nigam Limited (RINL) did not allocate CSR funds. Meanwhile, KIOCL adjusted its FY 2024–25 CSR obligation by using surplus CSR expenditure carried forward from FY 2021–22, as permitted under Section 135 of the Act.

The key focus areas of these CSR initiatives include education and healthcare, women empowerment, sustainable income through Self Help Groups, support for persons with disabilities (Divyangs), and access to water and sanitation. These efforts aim to benefit the wider society, although exact data on beneficiaries and location-wise expenditure is not maintained.

CSR projects are largely undertaken around steel plants, townships, and mining regions, often home to Scheduled Tribes, Scheduled Castes, and other disadvantaged populations.

This information was shared by Shri Bhupathiraju Srinivasa Varma, Minister of State for Steel and Heavy Industries, in a written reply to the Lok Sabha.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..