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CSR Policy (1)

IREL (India) Limited's CSR policy aims to enhance the living conditions of surrounding communities through initiatives in health, education, infrastructure, and environmental sustainability. The company is committed to ethical business practices and integrates social and environmental concerns into its operations, complying with relevant regulations. Key projects include health camps, educational support, gender equality initiatives, and rural development efforts, particularly in backward regions near its operational sites.

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0% found this document useful (0 votes)
7 views

CSR Policy (1)

IREL (India) Limited's CSR policy aims to enhance the living conditions of surrounding communities through initiatives in health, education, infrastructure, and environmental sustainability. The company is committed to ethical business practices and integrates social and environmental concerns into its operations, complying with relevant regulations. Key projects include health camps, educational support, gender equality initiatives, and rural development efforts, particularly in backward regions near its operational sites.

Uploaded by

g.ram84
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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IREL (India) Limited

A Govt of India Undertaking (Dept. of Atomic Energy)

Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028

CSR POLICY

Vision: To be a corporate with CSR policies demonstrating its social responsibilities that
is embedded in the core business and aligned for inclusive growth of the society.

Mission: To implement /schemes that uplifts and enhance the living condition of the
community surrounding by way of initiatives in the areas of health, literacy, infrastructure
developments, clean drinking water, environment protection, sustainability, and other
socially relevant matters.
➢ IREL (India) Limited, a Mini Ratna Category-I company is a Govt. of India
Undertaking under the administrative control of Department of Atomic Energy
(DAE). IREL’s mineral production units are located at Manavalakurichi (MK) in
Tamilnadu, Chavara in Kerala and Orissa Sands Complex (OSCOM), in Odisha.
The Rare Earth Extraction Plant is in OSCOM, Odisha and High Pure Rare Earth
Plant in Aluva, Kerala. Corporate Research Centre is in Kollam, Kerala and the
Registered Corporate Office in Mumbai, Maharashtra.

➢ Corporate Social Responsibility (CSR) and sustainability is fundamentally a


philosophy or vision about the relationship of business and society. It is the
continuing commitment of business to behave ethically and contribute to economic
development while improving the quality of life of the workforce and their families
as well as of the local community and society at large. The concept of CSR and
Sustainability goes beyond charity and requires the company to act beyond its legal
obligations and to integrate social, environmental, and ethical concerns into the
company’s business process.

➢ IREL has been a major partner in the development of the community living near its
units, especially near its mining areas by its CSR initiatives. This CSR initiative has
been taken by the company earlier to the formal notification by Government bringing
out the guidelines and its implementation of CSR activities. Thus, IREL has been
conscious of its CSR and Sustainability obligations and has been striving towards
fulfillment of the same.

➢ IREL has been undertaking and implementing CSR and Sustainability activities for
the welfare of the people and development falling within the periphery and close
vicinity of its operational area.
IREL (India) Limited
A Govt of India Undertaking (Dept. of Atomic Energy)

Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028
Objective:
➢ The main objective of CSR and sustainability policy is to lay down guidelines for the
company to make CSR a key business process for substantial development for the
society and environment with a balanced emphasis on all aspects of CSR and
Sustainability – equally with regard to its internal operations, activities and
processes, as well as in their response to externalities. CSR and Sustainability
activity are applicable equally to all stakeholders including employees.

➢ IREL has formulated its policy with a balanced emphasis on all aspects of CSR and
Sustainability – equally with regard to their internal operations, activities and
processes as well as in their response to externalities, with impetus on capacity
building, empowerment of communities including socio economic growth,
environment protection, promotion of green and energy efficient technologies,
development of backward regions and upliftment of underprivileged sections of the
society.

➢ IREL complies with the provisions of the Companies Act 2013, Companies
(Corporate Social Responsibility Policy) Rules 2022, its amendments and
guidelines issued by the Government from time to time for selecting and
implementing its CSR activities.

➢ It is the responsibility of the external agency concerned for maintaining the assets
created under the schemes which are under their control.

➢ R&D department of the company will continue to be associated for effectively


leveraging technology for mining and production which are resource efficient,
consumer friendly and environmentally Sustainable throughout their life cycles.

➢ The area of implementation of CSR & sustainability schemes will be in and around
the vicinity of mining sites and backward districts where the company has its
operating units. Further, it is proposed to extend such programs within the radius of
10 kms of plant location.

➢ IREL will be taking up at least one major project for the development of a backward
district having the potential of contributing significantly in the long run to socio-
economic growth in all the backward regions of the country. Since the OSCOM unit
is situated in Ganjam District, which has been identified as a backward region, the
impetus will be for development of the area.
IREL (India) Limited
A Govt of India Undertaking (Dept. of Atomic Energy)

Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028

Composition of CSR Committee:

Sr.No. Name & Designation Role


1. Smt Malti Bharti Chairman
Independent Director
2. Shri Santosh Singh Patel Member
Independent Director
3. Shri K.V.R Subudhi Member
Director (Technical)
IREL (India) Limited
A Govt of India Undertaking (Dept. of Atomic Energy)

Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028
List of CSR Projects implemented during FY-2022-23

Sr. CSR Project or Clause of Amount


No. activity Schedule VII spent:
identified in which the Name of the CSR Initiative direct or
project is through
covered implementin
g agency
1 Preventive Setting up of Intensive care unit (ICU), Directly by
health care, (i) conducting mobile health camp and eye camp, IREL
water supply post covid care and nutritional support, Supply
and sanitation of medical equipment to primary health centers,
providing safe drinking water in vicinity,
construction of toilet in secondary school,
providing DG sets to hospitals in aspirational
districts, artificial limbs to needy in mining areas,
etc.

2 Education, (ii) Providing educational aid to the underprivileged Directly by


Empowerment, students in the mining areas, construction of IREL
Enhancing smart classroom and Mini Science Center,
skills providing furniture and repairing infrastructure of
Govt. Schools, providing Computers and
Projectors to schools, skill development
programs, installation of solar panel to transform
Govt high schools, etc.

3 Promoting (iii) Providing infrastructure through SHGs to Directly by


gender equality sustainable development centers on various IREL
empowering activities undertaken by rural women bring
women social uplift and gender equality
4 Environment (iv) Creation of infrastructure for environmental Directly by
Sustainability sustainability and improve visibility. IREL

5 Protection of (v) Upholding traditional arts & culture activities Directly by


culture heritage IREL
etc.
6 Rural (x) Construction of community Hall and Directly by
Development infrastructure such as streetlights, solar main IREL
Project mast lighting system in new mining lease areas,
de-silting and site development work of village
ponds, installation of Model Fish drying center,
construction of fishnet repairing center, etc.
IREL (India) Limited
A Govt of India Undertaking (Dept. of Atomic Energy)

Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028
List of CSR Projects approved during FY-2023-24
Sr.
No. CSR Project or Clause of
activity Schedule Amount to be
identified VII in Name of the CSR Initiative spent: direct
which the or through
project is implementing
covered agency
1 Preventive Conducting mobile health camp, nutrition Directly by
health care, (i) support to patients with rare diseases, IREL
water supply providing safe drinking water, ambulance to
and sanitation cater the need in nearby medical
equipment to hospitals, construction of
Toilet facility in mining areas, Yoga and
Meditation center, Dialysis unit to hospitals
and health care support in aspirational
districts, etc.

2 Education, (ii) Providing computers and projectors with Directly by


Empowerment, screen and providing school bus to Govt. IREL
Enhancing skills school, Construction of Buildings,
Classroom, installation of mini science
center, smart classroom, rural
infrastructure facilities for schools, skill
development programs, etc.
3 Gender equality, (iii) Providing infrastructure to sustainable Directly by
empowering development centers with training to rural IREL
women women, promoting Pisciculture through
SHGs in surrounding areas of plants, mines
4 Environment (iv) Creation of infrastructure for environmental Directly by
Sustainability sustainability, Providing solar streetlight IREL
and mini mast light in nearby GPs and
aspirational districts.

5 Protection of (v) Upholding Traditional Arts & Culture, Directly by


culture heritage development of garden and playground. IREL
etc.
6 Training to (vii) Promoting rural sports Directly by
Promoting rural IREL
sports
7 Rural (x) Construction of Community Hall, Fish Directly by
Development landing / Auction center, road and other IREL
Project infrastructure in mining areas, Providing
Sewing machine to Differently Abled
persons, skill development programme to
SHGs, etc.
IREL (India) Limited
A Govt of India Undertaking (Dept. of Atomic Energy)

Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028

Glimpses of CSR Activities

Distribution of Intelligent Artificial Limbs Skill Upgradation Training

Education Aid & Mini Science Center Medical Camp & ICU

Sustainable Development Centre Rural Development Initiative

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