topic- Indian oil Ltd
​1. introduction (about cooperate social responsibility ). 
2. objective of study
​3. agreement in favour of social responsibility
​4. about of company

plz plz give answer in this topic of Indian oil Ltd and what to write them but i m not understand 

Hello Student, giving you the brief analysis of the topic of  project.

Inroduction:
 ​

Indian Oil Corporation (IOC), India’s flagship national oil company and downstream petroleum major, was incorporated on June 30, 1959 as Indian Oil Company. The company was renamed as Indian Oil Corporation on September 1, 1964 following the merger of Indian Refineries (established 1958) with it.

The Indian Oil Group of companies owns and operates ten of India's 20 refineries with a combined refining capacity of 60.2 million metric tonnes per annum (MMTPA, .i.e. 1.2 million barrels per day). These include two refineries of subsidiary Chennai Petroleum Corporation. The corporation's cross–country network of crude oil and product pipelines, spanning over 10,000 km and the largest in the country, meets the vital energy needs of the consumers in an efficient, economical and environment–friendly manner.

Corporate Social Responcibility:

Corporate social responsibility, often abbreviated "CSR," is a corporation's  initiatives to assess and take responsibility for the company's effects on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups.

CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.

CSR in OIL COMPANIES:

Both the national Oil Companies have a specific vision statement on its CSR. In OIL, the vision is “OIL is a Responsible Corporate Citizen deeply committed to socio-economic development in its areas of operation while for IOCL, the focus is “…to help enrich the quality of life of the community and preserve ecological balance and heritage through a strong environment conscienc.  Both the companies have earmarked a definite 2 percent of its Profit after Tax as annual CSR budget. Health & medical care, education, aid to natural calamities, merit scholarships, environment etc. are the common focus areas. Both the companies are guided by CSR policy documents and have well laid down strategies for CSR initiatives.

Also, other oil and gas companies are focusing on CSR activities. Like Bharat Petroleum Corporation, they are running a rainwater harvesting project Boond, in association with the Oil Industries Development Board, selects draught-stricken villages to turn them from “water-scarce to water-positive”. Some of BPCL’s other social programmes include adoption of villages, prevention and care for HIV/AIDS and rural health care.

Indian Oil Corporation runs the Indian Oil Foundation (IOF), a non-profit trust, which works for the preservation and promotion of the country’s heritage. IOCL also offers 150 sports scholarships every year to promising youngsters. Some of its other initiatives lie in the domains of clean drinking water, education, hospitals and health care.

Oil & Natural Gas Corporation offers community-based health care services in rural areas through 30 Mobile Medicare Units (MMUs). The ONGC-Eastern Swamp Deer Conservation Project works to protect the rare species of Easter Swamp Deer at the Kaziranga National Park in Assam. ONGC also supports education and women empowerment.

  • 1
idk..sorry
 
  • 0
SOCIAL RESPONSIBILITY IS TO LOOK BENEFITS OF SOCIAL AND GIVE AWARE
LEES INTERFERENCE OF GOVT
NOT MAIN AIM OF PROFIT RATHER RIGHT OF SOCIAL     THIS ARE FAVOURS I THINK SO I DONT KNOW
  • 0
What are you looking for?