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Corporate Social Responsibility spendings
May 2 , 2025
17 hrs 0 min
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- The Funds spent by the listed companies on Corporate Social Responsibility (CSR) rose by 16 per cent to Rs 17,967 crore during the year ended March 2024.
- It was Rs 15,524 crore in 2022-23.
- HDFC Bank topped the list with a CSR spend of Rs 945.31 crore.
- It is followed by Reliance Industries Rs 900 crore, TCS at Rs 827 crore and ONGC Rs 634.57 crore.
- The CSR law, which came into force in April 2014, mandates companies, subject to the provisions of the Act, to invest two per cent of their net profit in CSR projects.
- Companies with net worth of Rs 500 crore and above or revenue of Rs 1,000 crore and above or net profit of Rs 5 crore and above have to spend two per cent of average net profits of last three years.
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