Company: Oil India Ltd
Income 2005-2006 = Rs 4000 Cr (rounded off)
Net profit after tax (05-06)=Rs 1000 Cr(rounded off)
Karmayog CSR Rating-2/5
CSR activities:
In OIL, Corporate Social Responsibility is viewed not as a dreary routine or a forced charity, but as a genuine expression of goodwill and gratitude towards the society. This concern for the overall development of the communities is a reflection of the Company’s legacy of exemplary social welfare initiatives. These initiatives have led to tangible developments in the remotest of the Company’s well-spread operational areas. Today in Assam and Arunachal Pradesh alone the company caters to the developmental needs of more than 1400 villages, connecting them to the mainland and providing realistic opportunities to strive for a fulfilling future, which is rightly theirs. OIL had recognized that companies such as itself have a crucial role to play in rural development. It has today an established rural development network in its operational areas whose main objective is self-sufficiency. Despite overwhelming concern to fine more oil, OIL has always given top priority towards the upliftment of the less privileged sections of the society in which it operates. It is this twin objective of business and social commitment that has prompted OIL to embark upon massive programmes of educational, medical and infrastructural development endeavors; an attempt to invest technology with a human face.
Project Rupantar
In order to address the growing problem of unemployment and povery, OIL launched an ambitious agro-based industry project christened as “Rupantar” (which means transformation) for creating self-employment avenues and promoting entrepreneurship in the region to generate sustainable sources of livelihood. OIL signed an MoU with the State Institute of Rural Development (SIRD), Assam to form Self Help Groups (SHGs) in under the special Swarnajayanti Gram Swarozgar Yojana (SGSY) and Jeevan Jyoti schemes in the districts of Dibrugarh and Tinsukia. Under this project, the SHGs are engaged in various agro-based economic activities like Farm Mechanisation, Area based Horticulture, Floriculture and Composite Farming, Mushroom Cultivation, Animal Husbandry, Micro Enterprise Development of Poultry, Piggery and Milch Cattle, Pisciculture, Cottage Industries – Honey Production, Cane/Bamboo Handicrafts, Computer Application, Training, Technology & Marketing Development and Diversified Handloom Products for Economic Empowerment of Women. OIL aims to transform the petroleum province in Upper Assam to a region of successful agro-based industries.
OIL has won the prestigiou s TERI CSR award for the year 2003-04 and the Golden Peacock CSR award for the year 2002.
Social welfare efforts :
glance at the Company’s Social Welfare efforts can be summed up as:
Upliftment of educational institutions (Schools and colleges)
Equipment aid.
Scholarships.
Financial aids.
Adult education.
Rural Development activities
Construction and development of roads and bridges.
Artisan training.
Handicrafts training.
Adoption of villages for agricultural development.
Entrepreneurial development.
Projects related to upliftment of women.
Provision of drinking water and sanitation.
Environmental greening and tree plantation.
Bio- gas plants.
Welfare Services
Supporting rehabilitation centre for spastic and mentally handicapped children.
Conducting General Nursery and Midwifery (GNM) courses.
Mobile dispensaries to rural areas.
Free health centres.
Family planning and welfare.
CAT- Scanning.
Free medical camps.
Promotion of sports
Sponsorship of major ranking state and national level tournaments.
Recruitment of sports persons of national and international standard.
Rural sports development.
Environment :
Optimisation of land use. Adopting Recycling and Reuse. Control over waste generation. Judicious Waste Management. Ground Water Monitoring. Air Quality Monitoring. Carrying out Environmental Impact Assessment (EIA) Studies. Implementing Environmental Management Plans (EMPs). Environmental Auditing. Initiative in land reclamation. Environmental Awareness.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details :Oil India Ltd
5,Sikandra Road, New Delhi – 110 001
Phone : +91 – 011 – 23074263 – 74
Fax : +91 – 011 – 23074275
E-mail : oilindia@oil.delhi.nic.in
Web address : http://www.oilindia.nic.in