AN ANALYTICAL STUDY ON CSR PRACTICES FOR THE SUSTAINABLE GROWTH OF POWER SECTOR COMPANIES

Researchers visualize India to be the Powers sector's largest economy with the aid, by the year 2050. Power division being the most important thing in the vicinity of an international locations' economic system, India desires to develop its industries and infrastructure. Industrialization of power location-based monetary improvement may cause a bad effect on the environment, though the industrial boom is expected. Steps taken for this will have an effect on the social and environmental section of the financial gadget. Consequently, these corporations of power sector need to adopt and put into effect corporate social responsibility so that they can fulfill their responsibilities in the direction of society and environment. The concept of Corporate Social Responsibility, i.e. CSR, is a concept in which corporations incorporate the social & environmental issues into their enterprise's obligations on their own. Power producing businesses in developing countries, globally, for instance, India the world's 'manufacturing floors' – are below sizeable investigation from several events. Strategically, CSR is believed to be instrumental in achieving this goal. We analyze the implication of the CSR and associated practices in power sector organizations of India and the way their practices are appearing as a strategic device for helping power sector corporations in gaining huge benefit. We believe that the CSR activities of Indian power sector have the potential of achieving sustainable development if early actions are initiated in the recognized regions.