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We believe in conducting our business responsibly by encouraging successive growth of the organization as well as improving the quality of life of people simultaneously, especially in localities in proximity to our area of operation, creating long term value for all our stakeholders.
Adhering to our commitments towards the society, a number of initiatives/CSR projects has been undertaken since the formulation of our CSR policy.
CSR Activities
To contribute to the social, economic and environmental progress in India, the company has undertaken various CSR projects and programmes listed in Schedule VII of the Companies Act, 2013 in the following areas:
Education
Health Care
Sanitation
Environment
Rural development
Other areas approved by the CSR Committee/Board
Every year, the company is required to spend atleast 2% of the average net profits made by the company during immediately preceding 3 financial years.
Projects aimed at persons from disadvantageous background or persons who are differently abled have priority.
Based on the recommendation by the CSR Committee to the Board every year, the Board considers and approves the CSR Plan for the year.
Any surplus arising out of CSR activities does not form part of business profits of the company and forms part of CSR corpus.
The company has spent Rs.56.6 Million during last 3 years on CSR Projects and Programmes as follows:-
| Year | Amount (Rs./Million) |
| 2014-15 | 6.58 |
| 2015-16 | 18.50 |
| 2016-17 | 31.52 |
A Central Deptt. has been created for implementing CSR activities across the company supported by adequate personnel at Plants.
The CSR activities are implemented in any of the following manner:-
Directly
Collaborating with various organisations, which are registered as a Trust or a Section 8 company or Society or NGO or any other entity specialising in CSR activity.
Collaborating with other companies or industry bodies like CII, FICCI, etc.
Contributing to various funds permitted under the Companies Act, 2013.
The CSR activities are carried out in a transparent and time bound manner.
After the CSR plan is approved by the Board, the CSR cell takes steps for implementation of the CSR activities.
The progress on implementation of CSR activities are reviewed by a Committee under the Chairmanship of Managing Director.
The CSR Committee reviews the progress on implementation of CSR activities on annual basis and submits progress report to the Board.
Bhamashah Samman given by Rajasthan Govt. for the years 2015 and 2016 for CSR projects/programmes undertaken in the field of education.
CSR Excellence Award 2017 given by Rajasthan Government for Industry, Innovation and Infrastructure.
Shriram Pistons & Rings (SPR) has an exceptional lineage of the Shriram Group, one of India’s oldest and most reputed industrial houses.
