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SPR’s Policy is to conduct its business responsibly, and improve the quality of life of people, especially in the society close to our area of operations, through its sustainable projects/programmes while creating long term value for all stake holders. <br><br>
The above policy is applicable for all CSR projects/programmes undertaken by the company
The company has undertaken CSR projects and programmes listed in Schedule VII of the Companies Act, 2013 in the following areas:
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.182.8 Million during last 6 years on CSR Projects and Programmes as follows:-
Year | Amount(Rs./Million) |
2014-15 | 6.58 |
2015-16 | 18.50 |
2016-17 | 31.52 |
2017-18 | 36.51 |
2018-19 | 48.10 |
2019-20 | 41.61 |
The main projects and programmes undertaken by the company are as follows:-
The School was adopted by the company in 2014-15. The company has transformed the School into a 5 Star rated School not only in terms of infrastructure (including development of laboratories for Physics, Chemistry and Biology) but also in the standard of education imparted to the students.
The School has made all-round progress in terms of total strength, average percentage of marks obtained, pass percentage, 1st divisions, distinctions, and highest percentage of marks obtained.
A summary of improvements in the various parameters of the School are as follows:-
| Particulars | Before Adoption | Now | |||
| Total Strength – Nos. | 455 | 620 | |||
| Average Attendance – % | 82 | 92 | |||
| Pass Percentage – % | XII | 97 | 100 | ||
| X | 48 | 86 | |||
| 1st Division – Nos. | XII | 25 | 190 | ||
| X | 12 | 30 | |||
| Distinction – Nos. | 14 | 94 | |||
| Highest Percentage – % | XII | 75 | 84 | ||
| X | 77 | 81 | |||
Five charitable dispensaries and two Mobile Health Units to provide medical care to the needy are operational. These Health Care Facilities are catering to about 500 patients per day.
The company has also dedicated a floor in a hospital which provides medical treatment in hygienic atmosphere at a lower cost to poor and needy patients.
The Company has adopted a village in which it has contributed to its all-round development by providing potable drinking water, making the village open defecation free, starting a Dispensary, Street Lighting, renovation of Community Center and various other jobs in its two schools.
Besides the above, the company has also undertaken following projects/programmes:-
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 is reviewed by the Central Department.
The CSR Committee reviews the progress on implementation of CSR activities on annual basis and submits progress report to the Board.
Bhamashah Samman
Five Times Recipient of “Bhamashah Award – Shiksha Bhushan” for supporting the cause of Education in Rajasthan.
CSR Excellence Award in 2017 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.
