Kirloskar Ferrous Industries Ltd.
Sales (2007-2008) = 760 crores (rounded off)
Net profit after tax = 20 crores (rounded off)
CSR Budget: Not available
Karmayog 2008 CSR Rating: 1/5
CSR activities:
Social Responsibility: Annual Report �07-08 pg 14
As a part of its corporate responsibility to the society, your Company has been supporting and
providing assistance to nearby villages at Hospet by supply of good quality drinking water and educational assistance for the village people. Also some basic facilities such as roads, drainages, school building and medical centre have been provided though the Trust set up by your Company.
Biweekly medical check ups by the specialist doctors with medicine is provided in the neighbouring village. Seed money has also been provided to rural women for self employment scheme. Financial assistance to needy farmers and supply of water for irrigation during summer are some measures taken by the Company.
Community Services
Social Welfare :
Company is located only 16 kms away from the major industrial town Hospet and 16 kms
away from the District Headquarter i.e. from Koppal in Karnataka State. Company is located on NH-13 & NH-68 connected to both these towns. The employees are picked up & dropped by chartered busses and vans. In both the towns, there are very good schools and colleges inclusive of Professional colleges to enable the children of our employees to pursue higher education.
As a philosophy, we have an objective concern for the welfare of the society to restrain individual or corporate behavior from ultimately destructive activities, no matter how immediately profitable and to lead in the direction of positive contributions to the human settlement.
We as an economic unit within the society, irrespective of profit / loss, consider our duty to repay the debt towards the society.
Our social contribution goals:
�€€€€€€€€ Provision of quality health care / drinking water.
�€€€€€€€€ Provision of employment opportunities
�€€€€€€€€ Environment protection and maximum efforts to prevent environmental hazards
�€€€€€€€€ Improving community life of people & Building infrastructure
�€€€€€€€€ Affordable quality education
�€€€€€€€€ Safety of employees, customers, minorities, women and community
�€€€€€€€€ Changing social needs, values and demands
�€€€€€€€€ Contribution to national exchequer.
Foundation
The company has adopted the neighbouring village Bevinahalli. A trust has been formed for this purpose in the name and style of Kirloskar Ferrous Rural Development Trust to undertake, initiate, monitor, and improve community development programs. The main objectives of this trust are
To carry out, promote or otherwise secure various programmes and activities of rural development including the social and economic welfare or upliftment of public in any rural area;
To carry out various programmes and activities of rural development with a view to raising the standard of living of the rural community ensuring prosperity and fostering intellectual, physical and social development
To take effective steps for promoting, supporting and propagating all programmes, schemes or measures taken by Central and /or State Government or Semi-Government bodies, public institutions and other agencies and oranisations in the interests of the rural community.
To offer, help or associate and co-operate with any Government, Semi-Government or public bodies, local bodies, Panchayats, Public and private institutions/ agencies in formulating and finalising any rural development programme.
To examine, analyse and decide upon the problems, issues and hardships of rural community and represent their cases to the Government, Semi-Government, public and private bodies/agencies directly or through other bodies / agencies working towards such objects.
To establish, maintain, carry on and / or support Schools, colleges and other educational institutions for the education and training of young boys and girls as well as adults.
This is going to enable continuous uplift of the neighbouring village. Through this trust various activities like provision of drinking water, construction of school building, fencing of the school territory, financial assistance for educational tour for children, free medical services, arranging for cultural festivities during important occasions etc. have been done and many more activities are on the anvil.
Environment Management:
KFIL has been awarded ISO – 14001 Certification by IRQS on 27th of August 2002 for its commendable achievements and improvements in Environmental Management Systems.
Our commitment to protect and upgrade the environment is embodied in our Environmental Policy wherein cost effective methods for waste management, prevention of pollution and resource conservation are main elements.
Plantation of thick and tall growing trees, providing sprinkling systems, providing a compound wall across the Northern and North-Eastern Boundary are all done to restrict fugitive emissions entering into neighboring village and to protect the agricultural crops there.
A study of the same has been entrusted to University of Agricultural Sciences, Dharwad for assessment of soil health and crop yield.
Regular monitoring of various environmental parameters.
Conversion of around 200 meters of barren land into a green belt.
Transferring the wastes generated in the process to user industries.
Installation of wastewater treatment plant at an annual operating cost of 1.5 Crore Rupees.
Initiated steps to optimize power and water consumption
Source: http://kirloskarapps.kirloskar.com/kirloskar/ABOUTKIRLOSKAR/kfil_commserv.html
http://kirloskarapps.kirloskar.com/kirloskar/ABOUTKIRLOSKAR/KFIL_Annual_Report_2008.pdf
Contact Information:
Kirloskar Ferrous Industries Ltd.
Laxmanrao Kirloskar Road
Pune 411 003
Maharashtra, India
Phone : 20 – 25810341
Fax : 20 – 25813208, 25810209
E-mail : investor@kfil.com
Website : http://kirloskarapps.kirloskar.com
Industry Sector: Steel – Pig Iron
Products / Services: Steel – Pig Iron
Other locations of factories / offices: Koppal (Karnataka)
Plant – Soalpur (Maharashtra)
Previous year�s CSR activities & rating:
www.karmayog.org/csr500companies/csr500companies_8303.htm