Impact of Corporate Social Responsibility Practices on Neighbouring Society: A Case Study of NLC Ltd., Tamil Nadu

Abstract

Right from its inception, Neyveli Lignite Corporation (NLC) has been taking up various CSR projects and activities for the benefits of inhabitants of surrounding villages and the welfare of the neighboring society at large. In 1998-99 the Scheme for Building Social Infrastructure in NLC’s surrounding areas was regularized with the formation of Peripheral and Community Development Committee under the chairpersonship of the District Collector. NLC had adopted a full-fledged CSR policy in the year 2009-10. The vision to continue to be a socially responsible company and the mission to play an active role in the society and to be sensitive to the emerging environmental issues integrate the business objectives with the CSR objectives. The details on various CSR activities of NLC are given in this paper. NLC is allocating 1% of its profit after tax as annual CSR budget. NLC, as a Socially Responsible Corporate Citizen extended financial assistance for the relief and rehabilitation works.