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Article

24 Feb 2009

Author:
Press Trust of India

State-owned oil firms to spend 2 pc of profits on CSR: Deora [India]

It will be mandatory for public sector oil companies to spend a minimum of two per cent of their net profits on corporate social responsibility (CSR) activities, Petroleum Minister Murli Deora said...Deora said his ministry cannot dictate private firms on spending on CSR but none of the private companies was spending anywhere near two per cent of net profit. [ refers to ONGC, Indian Oil Corp, Oil India Limited, BPCL, HPCL, GAIL]