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CSR Policy

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Corporate Social Responsibility Policy
U.P. Power Transmission Corporation Limited

 

Objective

The main objective of Corporate Social Responsibility (CSR) Policy of U.P. POWER TRANSMISSION CORPORATION   LIMITED ("the Company") is:

  • to lay down guidelines to make CSR a key business process for sustainable development of the society.
  • to directly/indirectly undertake projects/programs which will enhance the quality of life and economic well-being of the communities around our area of operation and society at large.
  • to generate goodwill and recognition among all stake holders of the Company.

 

Scope

This Policy shall apply to all CSR projects/programmes/activities undertaken by the Company in India as per Schedule VII   of the Companies Act, 201 3.

 

CSR Activities

The CSR Activities would be chosen for implementation by the Company in compliance with the provisions of Section 135 read together with Schedule VII of the Companies Act, 2013 (as amended from time to time). The CSR Activities shall be chosen from among the following:

  • Eradicating hunger, poverty and malnutrition , promoting  health  care  including  preventive health care and sanitation including contribution to the  Swach  Bharat Kosh  set-up by the Central Government for the  promotion  of sanitation  and  making  available safe drinking  water;
  • Promoting education, including special education and employment enhancing  vocation skills especially among· children,  women,  elderly,  and  the  differently  abled  and livelihood   enhancement  projects;
  • Promoting gender equality, empowering women , setting  up  homes  and  hostels  for  women and orphans; setting up old age homes, day care centres  and  such  other facilities for senior citizens and measures for reducing inequalities faced by socially  and economically  backward groups;
  • Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agroforestry,  conservation  of  natural  resources  and  maintaining  quality of soil, air and water including contribution to the Clean  Ganga  Fund  set-up  by  the  Central  Government  for rejuvenation   of river Ganga;
  • Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development  of traditional  arts and  handicrafts;
  • Measures for the benefit of armed forces veterans, war widows and their dependents;
  • Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
  • Contribution to the Prime Minister's National Relief Fund or any other fund set up by  the Central  Government  for socio-economic development and  relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
  • Contributions   or   funds  provided  to  technology incubators located within academic  " institutions which are approved by the Central Government;
  • Rural development projects.
  • Slum area development.
  • Such other matters as may be prescribed by the Central Government.
  • Activities related to Clean U.P. Green U.P. campaign.
  • Activities related to Energy Conservation.
  • Contribution to the CM Relief Fund (U.P.).
  • Activities identified by Udyog Bandhu, Government of U.P..

Explanation -for the purposes of this item, the 'slum area' shall mean any area declared as such by the Central government or any State Government or any other competent authority under any law for the time being i n force.

 

Implementation of CSR Activities

The Company shall undertake the CSR Activities (out of the activities  specified  i n  Clause  C above) in  the area of operation  of the Company  or  in  any area  in  U.P. for the benefit  of  society at large. The CSR Activities shall be undertaken through schemes/ programmes identified by Udyog Bandhu , Government of U.P. / the District Magistrates of the concerned area/ Company's officers.

The CSR Activities shall be carried out:

  • Directly by the Company for fulfilling its responsibilities towards various stakeholders.
  • Through Contribution/donation made to such other Organization/ Institutions as may be permitted under the applicable laws from time to time.

 

Exclusion from CSR

The following activities shall not form part of the CSR activities of the Company:

  • The activities undertaken in pursuance of normal course of business of a company.
  • CSR projects/programs or activities that benefit only the employees of the Company and their families.
  • Any contribution directly/indirectly to political party or any funds directed towards political parties or political causes.
  • Any CSR projects/programs or activities undertaken outside India.

 

CSR Expenditure

The Company shall, in every financial year, spend at least two per cent of the average net profits of the Company made during the three immediately preceding financial years  on  CSR Activities.

Any surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of the Company.

 

Monitoring

The CSR Committee will be responsible for the monitoring of progress of CSR activities and amount spent on said activities and report to the Board form time to time.

 

Disclosures

The Annual Report of the Company shall include an Annual Report on CSR containing particulars specified in Annexure to the CSR Rules as per the prescribed format.

The CSR policy _ recommended by the CSR Committee and approved by the Board shall be displayed on the Company's website and shall be disclosed in the Board's report as well.