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Ramco Cements has always been in the forefront as a responsible corporate citizen
Published
6 years agoon
By
admin
– AV Dharmakrishnan, CEO, The Ramco Cements
What are the activities you are involved under CSR commitment and how the government mandate is prescribing various benchmarks?
The Ramco group firmly believes that CSR is the gateway to achievement and the path for growth. Social obligations are strongly embedded in the DNA of Ramco by the founder of the group PAC Ramasamy Raja, and nurtured by former Chairman PR Ramasubrahmaneya Rajha.
Present Chairman PR Venketramaraja is steering the group with the clear focus by providing priority for social responsibility. The company’s CSR schemes not only empower communities around its manufacturing facilities but also stretches caring hand, wherever a need is felt. Ramco Cements has always been in the forefront as a responsible corporate citizen. It believes that as the organisations grow, the society and the community around it should also grow. Its CSR initiatives has a long history, much before legislations had made it mandatory. The CSR activities are focused on the impact areas aligning with the sustainable initiatives and government mandates under CSR.
How are the actual and prescribed budgets for the last three years? Please give details of allocations for various activities. How long it will take for you to complete the mission you have undertaken in that particular region?
Budgets
|
Financial year |
Amount required to be spent |
Amount actually spent |
Shortfall/Excess |
|
2019-20 |
15.60 |
14.99 |
(0.61) |
|
2018-19 |
15.42 |
17.97 |
2.55 |
|
2017-18 |
12.56 |
10.93 |
(1.63) |
Note: The figures are in lakh ofrupees
|
CSR impact area |
2019-20 |
percentage |
2018-19 |
percentage |
|
Rural Development |
1.56 |
10% |
2.74 |
15% |
|
Promotion of Education |
4.29 |
29% |
6.05 |
34% |
|
Promotion of Healthcare |
1.76 |
12% |
2.66 |
15% |
|
Protection of Art & Culture |
0.29 |
2% |
0.23 |
1% |
|
Restoration of Buildings |
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