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CSR Power Finance Corp

The document summarizes the corporate social responsibility (CSR) details of Power Finance Corporation for the years 2014-15 to 2017-18. It lists the company's actual CSR spending and prescribed CSR budgets for each year. It also provides the estimated prescribed CSR budget for 2018-19 and notes that CSR budget decreased once in 2017-18. The document further outlines the company's management structure, focus areas in the power sector, aim of its sustainable development policy, and strategy to remain a dominant player in the Indian power sector while fulfilling CSR responsibilities.

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109 views2 pages

CSR Power Finance Corp

The document summarizes the corporate social responsibility (CSR) details of Power Finance Corporation for the years 2014-15 to 2017-18. It lists the company's actual CSR spending and prescribed CSR budgets for each year. It also provides the estimated prescribed CSR budget for 2018-19 and notes that CSR budget decreased once in 2017-18. The document further outlines the company's management structure, focus areas in the power sector, aim of its sustainable development policy, and strategy to remain a dominant player in the Indian power sector while fulfilling CSR responsibilities.

Uploaded by

mayank
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CSR Project Name:Kejas Bharat Shah

Roll no.: 49

Public Sector Undertaking: Power Finance Corporation

Company’s Management Structure

Name Designation

Rajeev Sharma Chairman & Managing Director

Naveen Bhushan Gupta Director - Finance & CFO

SitaramPareek Independent Director

Arun Kumar Verma Government Nominee Director

Name Designation

ChinmoyGangopadhyay Director - Projects

Praveen Kumar Singh Director - Commercial

Gauri Chowdhury Independent Director

CSR Financial Details (INR Cr.)


Year 2017-18 2016-17 2015-16 2014-15
Actual CSR 118.18 Cr 168.11 Cr 196.20 Cr 51.68 Cr
Prescribed CSR 149.21 Cr 166.15 Cr 145.09 Cr 117.49 Cr

Estimated Prescribed CSR Budget FY 2018-19: INR 149.98 Cr

That means we can say that CSR budget decreased once in 2017-18 to 118.18 Cr.
Company focus:
1. Restructured Accelerated Power Development & Reforms Programme (R–APDRP)
2. Ultra Mega Power Projects (UMPPs)
3. Independent Transmission Projects (ITPs)
4. Ministry of Power's Integrated Rating Framework for State Distribution
Utilities

Aim:
The aim of the Sustainable Development Policy is to ensure that Your Company
becomes a socially responsible corporate entity by finding ways to develop
social, financial and environmental resources that meet the needs of the
present, without compromising the ability of future generations to meet their
own needs. Your Company has entered into MOU with Ministry of Power, Government
of India for spending Rs.50 lakh plus 0.1% of Profit after Tax (consolidated),
exceeding Rs.100 Crore of the last year, towards Sustainable Development
activities during the year.

Strategy:
The strategy of Your Company is to remain a dominant player in the Indian power
sector by continuing the growth story with a focus on financing power sector
and making inroads into new avenues of business to accelerate growth of the
Company. Your Company has developed a wide range of products and services and
innovates continuously to cater to the changing needs of clients across the
value chain of the power sector, which enables it to further consolidate its
position. Your Company also plans to capture additional business in the areas
of renewable energy, loan syndication and equity financing related to the power
sector, in order to expand its operations beyond traditional financing.
Additionally, Your Company shall continue to play a vital role by implementing
Govt. of India schemes and will help create a more sustainable development of
the Indian power sector. While Your Company is focused on retaining its
dominant position and developing the power sector, it will do so by adopting
sound governance principles and fulfilling corporate social responsibilities.

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