Ahead of the next crushing season, the Uttar Pradesh government has flagged the statutory corporate social responsibility (CSR) spend for the state sugar mills.
UP sugarcane and sugar industry principal secretary Sanjay Bhoosreddy has directed all sugar mills and other companies/agencies associated with the sugarcane value chain to submit an audited report and blueprint of their CSR activities.
In a meeting with representatives of the sugar mills here last evening, Bhoosreddy reminded millers that under the Companies Act 2013, sugar mills with Rs 500 crore net worth, Rs 1,000 crore turnover or net profit of more than Rs 5 crore