Economy

With the advent of globalization and the passage of time, the concept of Corporate Social Responsibility (CSR) has expanded significantly. It is now a mandatory function for companies in India. According to Section 135(1) of the Companies Act, CSR is a statutory requirement for all eligible companies, including those in the public sector. Additionally, Section 8 of the CSR Act mandates that every qualifying company establish a CSR committee and adhere to specified provisions. This study examines CSR practices and their effectiveness in Telangana, focusing on areas around company locations in Bhadradri Kothagudem District, an area with diverse experiences and perceptions regarding CSR. The research concentrates on three major companies that have been operational since their inception and have undertaken numerous CSR initiatives aimed at improving local communities. A qualitative approach was employed to gather firsthand information, complemented by descriptive and analytical research methods. To ensure representative sampling, a stratified proportionate random sampling technique was used to select participants from the identified companies. Data were collected from 375 CSR beneficiaries and 56 CSR officials. The analysis aimed to identify significant relationships between CSR practices and their effectiveness.