Ispat Industries Ltd.
Sales (2007-2008) = Rs.9400 crores (rounded off)
Net profit after tax = Rs.35 crores (rounded off)
CSR Budget: Not available
Karmayog 2008 CSR Rating: 2/ 5
CSR activities:
Chairman�s message
CSR initiatives are crucial to the Company�s growth. The Company seeks to improve socio-economic status of the community in which it operates. We are doing integrated interventions, such as the strengthening of infrastructure, community participation, ecological improvement etc. The Company actively seeks to promote a better sustainable society.
Ispat Industries has always taken an active interest in the social welfare of the community in which it operates. The company’s initiatives towards fulfilling its philosophy of corporate social responsibility include providing material and monetary aid to schools, primary health centres, hospitals, sports clubs and places of worship. In addition, Ispat has made major contributions in the following areas:
Water
In an activity which occurs around the year, IIL provides 44 villages with free drinking water. The company permits its water pipeline to be tapped so that local people get a constant source of drinking water.
Beautification of public spaces
IIL believes that its presence should add to the physical beauty of the surroundings of the town. Therefore, it has taken upon itself, the beautification of public spaces with the concurrence of the local administration. The two prominent places are as follows:
1) The Collector’s Garden, opposite the collectorate and
(2) Two public roundabouts near the state transport stand
School uniforms and books
IIL routinely distributes textbooks, school uniforms, notebooks and computers to students of schools in the vicinity. This is done to reduce the dropout rate in the area. IIL believes that helping a student by motivating him to complete at least his schooling would enable the child to get a slightly better chance in the outside world.
- Ispat donates computers to rural school
- Ispat’s Contribution During the Floods of 26/7
- A small contribution for the Tsunami-affected victims
- Ispat wins Golden Peacock Award
Annual Report �07-08 pg 43/44
The Company firmly believes that organizations must play an important role in supporting the communities in which they reside and operate. Accordingly, Corporate Social Responsibility (CSR) programs play a pivotal role in the Company�s growth initiatives.
The Company seeks to improve the socio-economic status of the community, in which it operates, through a mixture of integrated interventions, such as, strengthening of existing infrastructure, active community participation etc. Protection of environment and
ecology is pivotal to all corporate initiatives.
CSR initiatives undertaken, on a regular basis, are : –
At Dolvi Steel Complex
�€€€€€€€ Distribution of school uniforms every year to the economically deprived students of local schools.
�€€€€€€€ Distribution of notebooks every year to the economically deprived students of local schools.
�€€€€€€€ Providing vocation training in various skills to local youths or groups to start small business units for achieving self dependence.
�€€€€€€€ Renovation of local school buildings and providing sanitary facilities.
�€€€€€€€ Training of villagers in multi-farming, horticulture, fish breeding, agro tourism, organic farming and achieving self-sufficiency through supplementary income � generation activities.
�€€€€€€€ Full year medical camps conducted in nearby villages covering pediatrics, skin care, cataract detection, refractive errors in eyes, ENT etc.
�€€€€€€€ Arranging Family Planning, AIDS awareness and health awareness camps.
�€€€€€€€ Imparting, in association with Maharashtra Centre for Entrepreneurial Development, vocational training to youth especially women in fashion designing, food processing and make-up to enable the individual or group to start small business units for being self sufficient.
�€€€€€€€ Sponsorship of Kabaddi and Cricket Tournaments. Sponsorship of individuals excelling in various fields of sports, Bhajans,
�€€€€€€€ Kirtans, Dindi yatras, Jayantis and cultural activities in schools etc. in Grampanchayats surrounding Dolvi Complex.
�€€€€€€€ Ispat Marathon is held annually at Alibag with an aim to nurture an interest in sports among the youth. The races are handled by the officials of the district sports office.
�€€€€€€€ Construction of water spout, development of lake garden and erection of shed over crematorium in nearby villages.
�€€€€€€€ Tree plantation and landscaping in villages to improve the ecological system.
�€€€€€€€ Villages around the complex are provided with water through pipeline laid by the company.
�€€€€€€€ Literacy campaigns have been undertaken in the nearby villages viz. Dolvi, Karavi, Wadhkhal and Gadab.
�€€€€€€€ Various services are made available to the local communities, like free medical camps and eye check up camps.
�€€€€€€€ Towards securing Women Empowerment, adequate assistance is rendered to women, in local committees, to achieve financial independence and social awareness.
�€€€€€€€ Towards securing Youth Empowerment, self-employment schemes are supported.
At Kalmeshwar Complex
�€€€€€€€ 38 Bullock Carts were donated to the poor and needy farmers (BPL) of Kalmeshwar Tehsil.
�€€€€€€€ In order to promote Socio-Cultural heritage in the town, a Performance Stage of 40 x 20 feet was constructed with Green Room facility and handed over to Nagar Parishad.
�€€€€€€€ Drinking water facility being provided during summer season in Kalmeshwar town.
�€€€€€€€ Sponsorship for Employees� State Level Sports Activities organized by Maharashtra Welfare Board to spread awareness among Industrial Workmen about the importance of Sports in life.
�€€€€€€€ Monsoon Flower Show, which was organized by Nagpur Garden Club, was sponsored to encourage and motivate nature loving people to work for preservation of environment.
�€€€€€€€ Sponsorship was given to Kalidas Festival organized by District Administration in association with MTDC and NMC to boost tourism in Vidarbha Region.
�€€€€€€€ Culvert Bridge was constructed at Ward No. 13 of Kalmeshwar.
�€€€€€€€ Financial support was extended to KZS Science College at Kalmeshwar for organizing General Knowledge competition for the schools in Nagpur Rural Area.
�€€€€€€€ Girls Kabbadi team from Kalmeshwar was encouraged and sent to participate in the State Level Tournament.
�€€€€€€€ Training for School Staff was organized to make them aware about their role in nation – building.
�€€€€€€€ Seminar on Project Management was supported in co-ordination with the Asian Institute of Management, Manila, with the objective of contributing for the upliftment of young generation.
�€€€€€€€ Seminar on MIHAN was supported at Nagpur and Amravati to enlighten people about the MIHAN Project, which would completely transform the economic face of the region.
�€€€€€€€ Summer camp for boys and girls of the town jointly organized by District Sports office and Nagar Parishad was given financial assistance.
�€€€€€€€ Conference of Civil Surgeons and Medical Superintendents was organized.
�€€€€€€€ Plantation of Saplings was arranged on the occasion of �World Environment Day�.
Source:
www.ispatind.com/chairman_desk.htm
www.ispatind.com/social_initiatives.htm
www.ispatind.com/pdf/investor_service/ISPATAnnual%202008.pdf
Annual Report �07-�08 pg 43/44
Contact Information:
Ispat Industries Ltd
Park Plaza, 71 Park Street
Kolkata � 700016
West Bengal
Phone : 33-22495102/3119/2213
Fax : 33 – 22291956
E-mail :ispatcal@vsnl.com
Website : www.ispatind.com/
Industry Sector: Steel
Products / Services: Manufacturers of hot and cold rolled, and galvanised steel coils, sponge iron, and galvanised and color coated steel sheets
Other locations of factories / offices: Branches all over the country, factories in Raigad and Nagpur
Previous year�s CSR activities & rating:
www.karmayog.org/csr500companies/csr500companies_8259.htm