CSR Initiatives by Mazagon Dock | Commitment to Community

Corporate Social Responsibility (CSR & SD)

Mazagon Dock Shipbuilders Ltd (MDL), Mumbai is the only Shipyard which builds Destroyers class of Ships and conventional Submarines. While the warships and submarines built by us help in securing nation and making it formidable power, MDL believes in what Mahatma Gandhi said “a chain is as strong as its weak link”. Therefore, strengthening of weakest link is our mantra while undertaking CSR activities.

MDL is committed to undertake various programs for integrating social and business goals in a sustainable manner through inclusive growth so as to make a positive impact for the society at large. MDL has adopted Corporate Social Responsibility policy in compliance with Section 135 of the Companies Act 2013 and Rules framed there under.

The CSR Budget of MDL for the FY 2024-25 was Rs 30.51 Cr (2% of average profit of the previous three financial years as per section 198 of Companies Act – 2013). In addition to above, a sum of Rs 2.15 Cr was carried forward from the previous financial years as part of multi-year ongoing projects and an additional Rs 0.21 Cr has been spent in excess of budget during FY 2023-24 which was also set off in expenditure for FY 2024-25.

Out of total obligation of Rs 32.45 Cr, MDL has spent Rs 33.10 Cr (Rs 30.95 Cr against 2% of average net profit and Rs 2.15 Cr against multi-year ongoing projects) towards CSR activities during FY 2024-25. Thus, MDL has complied with the requirement of spending 2% of average net profit with an excess amount spent of Rs 0.65 Cr as part of CSR expenditure for FY 2024-25, which will be set off against expenditure for FY 2025-26 in accordance with rules governing CSR expenditure.

MDL has executed 46 projects in FY 2024-25 as part of its CSR initiatives mainly in sectors of Education, Health & Sanitation, Skill Development and Village Development. The details of the same is available under CSR projects.