Corporate Social Responsibility and Sustainable Development in Odisha: A Comparative Analysis of Selected Public and Private Sector Organizations

Corporate Social Responsibility refers to organizations contributing to the well-being of society and their stakeholders. This study examines Corporate Social Responsibility (CSR) practices in Odisha, specifically focusing on CSR expenditures in key areas such as the promotion of education, healthcare, disaster management, and rural development. These areas have been selected based on the unique challenges and needs of Odisha's geographical context. The study includes top Public and Private Sector Organizations of Odisha i.e. SAIL Rourkela Steel Plant, Orissa Mining Corporation, Mahanadi Coalfields Limited, Tata Steel Limited, Bhushan Power and Steel Limited, and JSW Utkal Steel Limited. The necessary information has been collected from the GO CARE CSR portal of the government of Odisha. The study finds that CSR expenditure on educational, healthcare, and rural development activities is significant, but there is a lack of focus on disaster management and slump area development activities. The researcher concludes that both public sector organizations and private sector organizations are significantly engaged in corporate social responsibility (CSR) practices. Additionally, the researcher suggests that there is a pressing need for more CSR initiatives focused on disaster management and slum area development, particularly since Odisha is one of the cyclone-prone regions in India.