The voluntary compliance of social and ecological responsibility of companies and other profit organizations is called Corporate Social Responsibility.
Therefore, there should be an expectation from the business with respect to socio-economic aspects.
Corporate Social Responsibility Business is always associated with the number of stakeholders in the society, such as employees, suppliers, customers, shareholders creditors and the general public. BHEL is one of the leading public sector undertakings, which concentrate more on Corporate Social Responsibility. It is also represented by the contributions undertaken by companies to society through its business activities and its social investment.(Anil PrasandBandela2013)With this view, Corporate Social Responsibility becomes a popular and powerful instrument to nurture the social commitments as well as reputation of the companies.
It is basically a concept whereby companies decide voluntarily to contribute to a better society and a cleaner environment. Corporate Social Responsibility covers the responsibilities of corporations or other profit organizations that contribute to the societies. Corporate Social Responsibility is the commitment of business to contribute to sustainable economic development working with employees, their families, local community, and the society to improve the quality of life in ways that are good for business and good for development. Key words:Corporate Social Responsibility, BHEL, turnover, PBT, PAT, Trend Analysis Introduction Corporate Social Responsibility means putting something back into the society or giving back to the society. This paper attempts to discuss the nature of Corporate Social Responsibility, profile of BHEL in whole as well as in particular of Tiruchirappalli unit, Turnover, Profit After Tax and amount sanctioned to Corporate Social Responsibility by BHEL during the study period. World business council for sustainable development regards Corporate Social Responsibility as engine for the social dimension which supports companies to fulfill their responsibilities as good citizens and defines Corporate Social Responsibility as business commitment to contribute to sustainable economic development, working with employees, their families, local community and society at large to improve their quality of life (WBCSD, 2006). The term became popular in the 1960’s and has remained a term used indiscriminately by many to cover legal and moral responsibility more narrowly construed.
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