Bhel takes first steps towards CSR activities

Bharat Heavy Electricals (Bhel) seeks to collaborate with NGOs and social organisations to launch corporate social responsibility (CSR) projects in areas of environment protection, energy conservation, vocational training, infrastructure development and disaster management.

The move is in line with government guidelines issued in April this year asking PSUs earning more than Rs 500 crore to spend two per cent of annual profit on CSR activities. The guidelines also mandate PSUs to engage specialised agencies to implement activities identified under CSR. Bhel made a net profit of Rs 4,311 crore during financial year ended March 31, 2010.

The PSU major has invited proposals from social agencies for collaboration in fresh projects, preferably in the periphery of Bhel units. The Bhel board has identified eight priority areas of CSR projects, including adoption of ITIs and setting up skill development institutes, adoption of villages, community development and health management.

Social organisations that have been in operation for more than three years are eligible to put in their proposals. “The proposals should be launched in association with Bhel and should have measurable targets. CSR projects identified shall have long-term implications to the beneficiaries and society,” the notice inviting expression of interest (EoI) said.

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