CSR Practices in Steel Authority of India Limited – A Descriptive Study

Abstract

Corporate Social Responsibility is the path to attain sustainable development including both social and economic interest. It is a concept where organizations serve the society by taking the responsibility for the impact of their activities on both the micro and macro environment in every aspect. For a Public Sector Enterprise, the CSR practices become more important as the expectations of society are higher than from any Private Sector Enterprise. Steel Authority of India Limited with the prestigious status of “Maharatna” upholds high ethical standards in conduct of business and endeavors to fulfill diversified initiatives and activities for sustainable development of society under Corporate Social Responsibility. Thus the present study is aimed at highlighting the extent up to what the CSR practices are followed by the Steel Authority of India Limited. Study also focuses on the initiative taken in new facets such as Medical & Healthcare, Education,Livelihood Generation, empowering underprivileged sections of the society through Integrated Development Center.