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Impact of Corporate Social Responsibility Practices on Neighbouring Society: A Case Study of NLC Ltd., Tamil Nadu

MANTHAN: Journal of Commerce and Management

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Title Impact of Corporate Social Responsibility Practices on Neighbouring Society: A Case Study of NLC Ltd., Tamil Nadu
 
Creator Jayakumar, A.; Professor, Department of Commerce, Periyar University, Salem, Tamil Nadu.
Elavarasan, R.; ICSSR Doctoral Fellow, Periyar University, Salem, Tamil Nadu.
 
Subject Corporate Social Responsibility, Mining and Green energy, Land Reclamation, Sustainable Development, Green Power Generation.
 
Description Right from its inception, Neyveli Lignite Corporation (NLC) has been taking up various CSR projects and activities for the benefits of inhabitants of surrounding villages and the welfare of the neighboring society at large. In 1998-99 the Scheme for Building Social Infrastructure in NLC’s surrounding areas was regularized with the formation of Peripheral and Community Development Committee under the chairpersonship of the District Collector. NLC had adopted a full-fledged CSR policy in the year 2009-10. The vision to continue to be a socially responsible company and the mission to play an active role in the society and to be sensitive to the emerging environmental issues integrate the business objectives with the CSR objectives. The details on various CSR activities of NLC are given in this paper. NLC is allocating 1% of its profit after tax as annual CSR budget. NLC, as a Socially Responsible Corporate Citizen extended financial assistance for the relief and rehabilitation works.
 
Publisher Journal Press India
 
Date 2015-11-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/MANTHAN/article/view/5669
10.17492/manthan.v2i1.6437
 
Source MANTHAN: Journal of Commerce and Management; Vol 2, No 1 (2015)
2347-4440
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/MANTHAN/article/view/5669/5202