CSR
As per the new company’s law, any company having a net worth of Rs 500crore or more, or turnover of Rs 1000crore or more or a net profit of Rs 5crore or more during any financial year must spend, in every financial year, at least 2% of the average net profits on corporate social responsibility.
Sponsoring solar installations for the same can be a very effective social responsibility as a solar system has a life of 25 years, and will provide an effective energy source to the school, hospital, neighbourhood or village you are supporting.
Projects handled in solar CSR
On behalf of Roop Automotive, we installed rooftop solar plants for government schools, provided street lights for their sponsored village and solar lamps/ lanterns for members of the rural community.
On behalf of HDFC ERGO Insurance, distributed solar lanterns in disputed region of shopian, j&k for small rural households.
Total Investment > 7 lacs for distribution of 500 solar lanterns