Peripheral Development and C S R

OMC being aware of its social stewardship as a PSU & paradigm of the "Social license to operate”, has always gone beyond its statutory mandate of 2% in overall Corporate Social Responsibility & Periphery Development spending to reach out to the larger cross-section of marginalized & underprivileged segment of the society. OMC has formulated and adopted a CSR policy wherein up to 5% of average net profit of the company made in last three financial years is set aside for CSR activities. However, 2% has been earmarked to be spent under Schedule-VII activities of Sec.135 of the Companies’ Act 2013.

The OMC CSR is a win-win strategy that benefits the company, as well as the society. OMC not only focuses on fulfilling its compliance responsibility, typified by legal compliance and corporate ethics but also focus on mitigating corporate risks that may adversely affect the society or the environment thus acting in conformity with societal expectations.

OMC CSR POLICY: The Company has its CSR policy approved by the board and is available in public domain. Copy enclosed. (https://omcltd.in)

OMC has a Corporate Social Responsibility Committee of the Board comprising of four Directors who meet periodically to approve and recommend CSR proposals, provide guidance and suggestions on various CSR activities and monitor their progress.

The details information on expenditure incurred under Corporate Social Responsibility and periphery Development since 2014-15 to 2020-21 as follows.

 

Year wise and region wise Spent under PD -CSR (Rs in Lacs.)

Area 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Angul Region (Angul) 0 0 0 0 0.6 53.28 0
Bangur Region (Keonjhar) 7.36 7.1 9.37 12.48 23.68 229.83 18.81
Barbil Region (Keonjhar) 35.9 59.58 85.14 151.39 206.23 112.28 239.67
Daitari Region (Keonjhar) 98.66 40.82 72.01 67.54 143.72 750.93 70.33
Gandhamardan (Keonjhar) 387.64 561.01 234.24 433.33 342.8 1706.77 877.19
Mining and Other Districts 1019 3060.82 2190.5 4828.17 4722.73 689.44 5861.13
JK Road (Jajpur) 106.05 246.56 187.25 167.4 532.57 1054.97 427.11
Koira( Sundargarh) 32.98 188.76 281.28 174.77 558.64 769.12 885.74
Rayagada(Koraput, Kalahandi and Rayagada) 0 286.35 225.47 375.4 709.81 426.26 107.19

Sub-Total

1687.59 4451 3285.26 6210.48 7240.78 5792.88 8087.17

 

Head wise spent 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Corporate Social Responsibility 1687.59 4451 2918.57 2937.89 1009.18 1169.03 1236.66
Periphery Development 0 0 366.69 3272.59 6231.6 4623.85 6850.51
Donation to Chief Minister Relief Fund and others 0 0 3007.5 7007.5 12016.1 47000 52000
Advertisement & Publicity 121.07 138.41 667.64 4374.51 227.45 35.5 0
Sponsorship 0 0 0 1126.14 3735.15 4037.2 7167.14

Covid -19 Management

0 0 0 0 0 0 14441.58

G-Total

1808.66 4589.41 6960.4 18718.63 23219.48 56865.58 81695.89

# Total Expenditure from 2014-15 to 2020-21 is Rs 193858.05 Lacs out of which under CSR & PD head is Rs. 36755.16 lacs, Donation is Rs 121031.1lacs and Covid-19 Management Rs 14441.58 lacs.

OMC carries out its CSR & PD obligations on activities like providing healthcare facilities, improving quality education and promotion of talents, development of Sports, Environment protection and energy conservation, clean water and sanitation, skill development and training, livelihood promotion and infrastructure development, disaster management, eradication of hunger and other community development activities in around the periphery villages.

Some of major activities undertaken during FY 2020-21 are summarized below:

a. OMC has adopted villages in and around the mining regions to provide the following basic entitlements: drinking water through pipes, electricity, sanitation (IHLs), internal roads/drains, plantation in the village and pucca houses. The comprehensive development of those villages is being undertaken phase wised manner.

b. Support for construction of 25 nos Adarsh Vidyalayas in Non educational backward blocks, mostly dominated by the tribal communities with total cost: 100 Crores.

c. MoU has been signed with Forest & Environment department, Government of Odisha for plantation of 1 million saplings i.e. @ 1 tree per 10 metric tons of ore extracted as part of our green initiative. The plantation programme has been carried out by the forest division of Keonjhar, Keonjhar-WL, Cuttack, Dhenkanal, Koraput, Rayagada, Sundargarh, Jharsuguda, Kalahandi-S, Kalahandi-N, Jayapur and Bonai.

d. Support of Rs.1160.00 lacs extended for Sraddha Sanjeevani Children Home situated at Ganjam towards rehabilitation of HIV infected children and other orphaned children.

e. Covid Assistance of Rs.14441.58 lakhs: Due to outbreak of COVID-19 situation, OMC have been supporting 10 hospitals in 8 districts (Puri, Dhenkanal, Kalahandi, Kandhamal, Bolangir, Mayurbhanj, Cuttack & Khurdha) for 1619 General Beds, 66 HDU beds, 115 ICU Beds.Out of the above, Khurdha, Cuttack, Bolangir, Kandhamal& Mayurbhanj were associated with private healthcare providers (Ashwini Trauma Centre stood for Cuttack and KIMS, Bhubaneswar for other four districts), whilst rest districts with district headquarters hospitals.