Corporate Social Responsibility
Some of the activities of LMEL are been routed through the company’s wholly-owned subsidiary that is Lloyds Infinite Foundation
Pursuant to Section 135 of the Companies Act, 2013 (hereinafter referred as “the Act”) read with the Companies (Corporate Social Responsibility Policy) Rule, 2014, the Company is required to adopt the Corporate Social Responsibility (CSR) policy in the organization to add a sense of responsibility and contribution among corporate which is expected to be Beneficial to a different class of people such as children, women, uneducated, unemployed, etc. towards which such CSR activities may be focused. The Companies Act, 2013 has introduced the idea of CSR recently but your Company is voluntarily following it since last many years. Our Company believes the policy which is more and more beneficial to the society at large by promoting and encouraging economic, social and educational development and also giving active support to local initiatives around its area of operation thereby promoting upliftment of people in varied arenas of life.
Corporate Social Responsibility extends beyond philanthropic activities and reaches out to the integration of social and business goals. These activities need to be seen as those which would, in the long term, help secure a sustainable competitive advantage. Lloyds Metals and Energy Limited is doing a remarkable performance in its CSR activities in the Vidarbha region of Maharashtra and it should come with more such initiatives in the near future.
Lloyds Infinite Foundation (LIF) has always been committed to the cause of social service and has repeatedly channelized a part of its resources and activities, such that it positively affects society socially, ethically, and also environmentally. The Company has taken up various Corporate Social Responsibility (CSR) initiatives and enhanced value in society. Social and environmental responsibility has always been at the forefront of Lloyds Infinity Foundation’s operating philosophy and as a result the Company consistently contributes to socially responsible activities. CSR at LIF portrays the deep symbiotic relationship that the group enjoys with the communities it is engaged with. As responsible corporate citizens, we try to contribute to social and environmental causes regularly. We believe that to succeed, an organization must maintain the highest standards of corporate behavior towards its employees, consumers, and societies in which it operates. We are of the opinion that CSR underlines the objective of bringing about a difference and adding value to our stakeholders’ lives.