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Oil companies spent Rs 758 crore in Odisha from CSR funds, last 5 years

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State-run oil companies spent Rs 758 crore from their corporate social responsibility (CSR) funds in Odisha in the last five years, with Indian Oil Corp NSE -0.72 % accounting for 57% of the spending, junior oil minister Rameswar Teli told parliament on Wednesday.

 

Indian Oil Corp spent a total of Rs 431 crore in Odisha from its CSR budget in five years ending March 2021, the government said in response to a question by Prasanna Achary, a Biju Janata Dal MP in Rajya Sabha from Odisha. Dharmendra Pradhan, who hails from Odisha, was the oil minister during these years.

 

ONGC, the country’s largest oil and gas producer, was the second-biggest spender. Its expenditure of Rs 122 crore made up 16% of total CSR spending by state-run oil companies. Gas transporter Gail was the third-highest CSR spender in Odisha. It spent Rs 62 crore while BPCL spent Rs 57 crore and HPCL Rs 49 crore. Oil India also spent Rs 26 crore…

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