Indian Oil Corporation Ltd
Income 2005-2006 = Rs 140000 Cr (rounded off)
Net profit after tax (05-06) = Rs 5000 Cr (rounded off)
Karmayog CSR Rating- 2/5
CSR activities:
As a responsible corporate citizen, IndianOil undertakes a number of social welfare and community development programmes throughout the country.
IndianOil units identify deserving causes in their vicinity for allocation of
funds from their Community Development budget. The local gram panchayats, district administration, NGOs and social workers are involved wherever necessary.
The Corporation also directly executes projects, if required. Fund utilisation is
closely monitored to ensure that the benefits of the programmes flow directly to the identified target groupThe budget allocation for IndianOil’s social responsibility programmes for a typical year is depicted below:
url : http://www.iocl.com/downloads/Community%20Development%20Programme.pdf
IndianOil has been pioneering initiatives to provide succour to parched throats. To cite an example, IndianOil contributed Rs. 5 crore to the Satya Sai Central Trust for undertaking a
massive drinking water project in Chennai.Similarly, IndianOil has undertaken
projects to create physical assets for the benefit of communities in the villages of Koyali and Karachiya in Gujarat, New Baholi in Haryana, etc.
In an effort to promote and improve the health of communities in the vicinity of itsareas of operation, IndianOil runs child and maternity health centres. These activities are conducted with the active involvement of the local communities.
IndianOil’s 9,000 km cross-country crude oil and petroleum product pipelines traverse through many remote and underdeveloped villages where the Corporation partners the villagers by extending support in the areas of education, health and sanitation and sensitising them about the need for safety and security of the pipelines.
Physical assets like medical equipment and ambulances are provided to hospitals and medical research centres for the benefit of the common man. For instance, IndianOil donated Rs. 50 lakh in 2003 for setting up a state-of-the art Refractive
Surgery Centre at Sankara Nethralaya, a reputed eye hospital & research centre
at Chennai. Prior to this, in 1997, IndianOil donated Rs. 24 lakh to Sankara Nethralaya for installing the fourth generation Excimer Laser for corneal refractive surgery, to ensure greater precision and safety in the procedure. The Corporation contributed Rs. 2 crore to Bhagawan Mahaveer Vikalang Sahayata Samiti, Jaipur, which provides artificial limbs, tricycles, wheel chairs, crutches and other appliances to IndianOil has adopted a Harijan basti named Shob Mathai with a population of 1,000 near Allahabad inUttar Pradesh and has undertaken various schemes such as construction of approach road, community centre, primary school building and provision of street lights there. Similarly,drinking water facility was provided to Saharanwas High School in Rewari. Teaching aids, furniture, musical instruments and sports goods were donated to schools at village Sinad of Banaskanatha District and at villages Masa and Gulvana of Patan District in Gujarat.handicapped persons free of cost.
The Cancer Research Institute at Chennai received a contribution of Rs. 50 lakh for
setting up a micro array system in the Department of Molecular Oncology. During recent natural calamities like the Tsunami that hit the southern coast of the country, the cyclone in Orissa and the devastating earthquakes in Gujarat,Uttaranchal and Jammu & Kashmir, IndianOilPeople stood up to the challenge to provide succour and shelter to the victims. IndianOil generously contributed to the relief funds besides undertaking relief activities through organisations like Sri Ramakrishna Mission. Vocational training for women
Scholarships :
offers 450 scholarships every year to bright students selected on ‘meritcum-
means’ basis.Of these, 250 scholarships are for 10+/ITI students on a zonal basis, at Rs. 1000 per month for two years. Hundred scholarships are for engineering students and 40 for medical students at Rs. 2000 per month for four years. Sixty students of post-graduation in Business Management are entitled to a scholarship of Rs. 2000 per month for a period of two years. The scheme gives special encouragement to girl students, physically challenged students and students from Jammu & Kashmir and the Northeastern States.
Indian oil sports scholarships
Sports scholarships are offered to upcoming players in the age group of 15-18 years and potential/talented players below 15 years but above 14 years. In team games, it is given to Statelevel players and in individual sports based on national ranking in the
respective category. The duration of the sports scholarships is of three years subject
to performance review every year.
Indian oil foundation :
The genesis of IOF lies in IndianOil’s Mission statement, to ”…preserve ecological
balance and heritage….” Exclusively funded by IndianOil with an initial corpus
of Rs. 25 crore and an annual contribution of Rs.10 crore, IOF will adopt at least one
heritage site in every State and Union Territory.
IOF, in partnership with ASI and NCF, will develop world-class facilities and conveniences for the visitors, besides providing refuelling facilities at select monuments.Monuments identified in the first phase include Konark Sun Temple in Orissa, Khajuraho Temple in Madhya Pradesh, Kanheri Caves in Maharashtra, Hampi Complex in Karnataka, and Warangal Fort in Andhra Pradesh. IOF has also unveiled the ”Swatantrya Jyot” at the
Cellular Jail National Memorial, Port Blair, as a tribute to our freedom fighters.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage.
Contact details : Indian Oil Corporation Ltd
Web address : www.iocl.com/