CSR Policy (1)
CSR Policy (1)
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.
➢ 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.
➢ 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
Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028
List of CSR Projects implemented during FY-2022-23
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.
Regd. Office: Plot.No.1207, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi,
Mumbai- 400028
Education Aid & Mini Science Center Medical Camp & ICU