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Corporate CSR spending high in Gujarat

Corporate CSR spending is high in Gujarat, as about 56% of all companies have spent 2% of their profit under CSR heads in FY2015, according to CRISIL Foundation. A total of 95 firms have mentioned CSR expenditures in annual reports, and 53 companies out of these have spent 2% or above on CSR. In India, 1,300 listed firms come under CSR spending criteria and 75% of these have spent below 2% of the mandatory figure. Gujarat based companies, which have spent 2% or more under CSR head include Torrent Power and Torrent Pharma, Adani Ports and Special Economic Zones, Adani Enterprises Ltd, Cadila Healthcare, and Arvind Ltd among others.

Corporate CSR spending is high in Gujarat, as about 56% of all companies have spent 2% of their profit under CSR heads in FY2015, according to CRISIL Foundation. A total of 95 firms have mentioned CSR expenditures in annual reports, and 53 companies out of these have spent 2% or above on CSR. In India, 1,300 listed firms come under CSR spending criteria and 75% of these have spent below 2% of the mandatory figure. Gujarat based companies, which have spent 2% or more under CSR head include Torrent Power and Torrent Pharma, Adani Ports and Special Economic Zones, Adani…

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