Summary
The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha on Monday informed that Public Sector Oil Companies (PSUs) have been earmarking 2% of their average Net Profits made during the three immediately preceding financial years as per Section 135 of the Companies Act and the CSR activities are undertaken under the heads identified under Schedule VII of the Companies Act 2013.
Public Sector Oil Companies have spent Rs. 5582.34 crore under CSR in various parts of the country during the last three years (2018-19 to 2020-21). The State-wise details of CSR activities undertaken and funds spent thereon d......