Corporate Social Responsibility: A Study of Odisha Mining Corporation

Philanthropy is no longer limited to signing cheques for social causes and welfare programmes. The corporate world is now reaching out to community. The commitment is getting much deeper as a large section of employees, including members of top management, is now doing their bit for causes close to their heart. In this context, since the mining and manufacturing companies and their core business activities directly affect the resourcefulness of the society, to curb this they must make appropriate allocation in their budget. This paper focuses on the corporate social responsibility (CSR) of Odisha Mining Corporation (OMC). It examines the extent of its involvement in social activities and peripheral development, with a view to recommend the strategic importance of being socially responsible to all its stakeholders. The methodology employed was that the researcher(s) examined the annual reports, accounts and other secondary data available, compared the turnover with their investments on CSR and made necessary comments on compliance with respect to the obligations towards the stakeholders.