CSR FRAMEWORK

csr-rec-projects-worth-rs-2-34-crore-inaugurated-in-arrah-bihar

CSR: REC projects worth Rs 2.34 Crore inaugurated in Arrah, Bihar

R K Singh Union Minister of State (IC) for Power & New and Renewable Energy inaugurated CSR projects undertaken by REC Ltd. (Formerly Rural Electrification Corporation) worth Rupees 2.34 Crore, in Arrah (Bhojpur District), Bihar, through video conferencing on 16 September 2020.

There were a total of 28 schemes, which included 13 schemes for P.C.C. Construction of roads, 11 schemes for installation of LED/ Solar and high mast lights, 4 other schemes for general public viz. construction of boundary wall in Gaushala, construction of shed in Mahavir temple, renovation of Arrah's fish market, and construction of new classrooms and boundary wall in Mohanpur Primary School. The main objective of the project is to improve and provide basic infrastructure & developmental facilities in the villages of Ara block in Bhojpur district. S. K. Gupta (CMD), Ajoy Choudhury (Director, Finance), R Lakshmanan (IAS), ED from REC Limited shared their thoughts on the occasion. District officials and members in public from Arrah were also present during the occasion. The event was graced by Amarinder Singh, and Sanjay Singh Tiger, Ex MLAs who addressed the gathering at the occasion in Arrah. Other prominent leaders like Prem Ranjan Chaturvedi, Rajeshwar Singh, Hakim Prasad, Vijay Kumar Singh, and Suryakant Pandey were also present at the occasion. All social distancing norms were followed during the event.

17 Sep 2020
pfc-signs-agreement-with-iit-kanpur-on-training-research-entrepreneurship-development

PFC signs agreement with IIT Kanpur on training, research & entrepreneurship development

Government-owned Power Finance Corporation (PFC), India's leading NBFC, signed an MoA with the Indian Institute of Technology- Kanpur for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty-Eight Lakhs and Ninety-Seven Thousand only) to IIT-K under its CSR initiative.

R Murahari, Executive Director (CSR&SD), PFC informed that the objective of the pact is to provide support to IIT-K in developing infrastructure for research and development on smart grid technology.

As part of the project, IIT-K will also provide training on smart grid technology to 90 participants and provide fellowship to 9 selected candidates for the development of ideas on Smart Grid Technology. The fellows will be assisted by the Start-up Innovation and Incubation Centre (SIIC) of IIT-K and encouraged to take up entrepreneurial activities.

M Prabhakar Das, Chief General Manager (CSR&SD), PFC and Prof. Jayant Kumar Singh, Dean Resource and Alumni, IIT-K signed the agreement on behalf of respective organizations on a virtual platform.

29 Jul 2020
csr-rec-projects-worth-rs-2-34-crore-inaugurated-in-arrah-bihar

CSR: REC projects worth Rs 2.34 Crore inaugurated in Arrah, Bihar

By IndianMandarins 17 Sep 2020

R K Singh Union Minister of State (IC) for Power & New and Renewable Energy inaugurated CSR projects undertaken by REC Ltd. (Formerly Rural Electrification Corporation) worth Rupees 2.34 Crore, in Arrah (Bhojpur District), Bihar, through video conferencing on 16 September 2020.

There were a total of 28 schemes, which included 13 schemes for P.C.C. Construction of roads, 11 schemes for installation of LED/ Solar and high mast lights, 4 other schemes for general public viz. construction of boundary wall in Gaushala, construction of shed in Mahavir temple, renovation of Arrah's fish market, and construction of new classrooms and boundary wall in Mohanpur Primary School. The main objective of the project is to improve and provide basic infrastructure & developmental facilities in the villages of Ara block in Bhojpur district. S. K. Gupta (CMD), Ajoy Choudhury (Director, Finance), R Lakshmanan (IAS), ED from REC Limited shared their thoughts on the occasion. District officials and members in public from Arrah were also present during the occasion. The event was graced by Amarinder Singh, and Sanjay Singh Tiger, Ex MLAs who addressed the gathering at the occasion in Arrah. Other prominent leaders like Prem Ranjan Chaturvedi, Rajeshwar Singh, Hakim Prasad, Vijay Kumar Singh, and Suryakant Pandey were also present at the occasion. All social distancing norms were followed during the event.

pfc-signs-agreement-with-iit-kanpur-on-training-research-entrepreneurship-development

PFC signs agreement with IIT Kanpur on training, research & entrepreneurship development

By IndianMandarins 29 Jul 2020

Government-owned Power Finance Corporation (PFC), India's leading NBFC, signed an MoA with the Indian Institute of Technology- Kanpur for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty-Eight Lakhs and Ninety-Seven Thousand only) to IIT-K under its CSR initiative.

R Murahari, Executive Director (CSR&SD), PFC informed that the objective of the pact is to provide support to IIT-K in developing infrastructure for research and development on smart grid technology.

As part of the project, IIT-K will also provide training on smart grid technology to 90 participants and provide fellowship to 9 selected candidates for the development of ideas on Smart Grid Technology. The fellows will be assisted by the Start-up Innovation and Incubation Centre (SIIC) of IIT-K and encouraged to take up entrepreneurial activities.

M Prabhakar Das, Chief General Manager (CSR&SD), PFC and Prof. Jayant Kumar Singh, Dean Resource and Alumni, IIT-K signed the agreement on behalf of respective organizations on a virtual platform.

rec-pledges-to-distribute-essentials-packets-to-the-needy

REC pledges to distribute essentials packets to the needy

By IndianMandarins 09 Jun 2020

One of India’s largest power financiers PSU REC Ltd has spearheaded the mission of feeding laborers and the needy through collaborative efforts. REC Foundation, the CSR arm of REC has pledged to distribute 5000 customized packets carrying essentials for laborers and the needy, affected because of lockdown due to pandemic covid-19.

 

These packets contain drinking water bottle, roasted chana, peanuts, mixture, glucose powder, footwear and reusable masks. The first leg of the activity was planned on June 4, 2020 and approximately 500 such packets were distributed among 500 beneficiaries in Delhi. The second leg was successfully completed on June 7 in Gurgaon and Noida where nearly 1000 packets were distributed. The remaining packets will be distributed in the coming days. The distribution of these bags was done by employees of the corporation who volunteered to stand for this social cause.

 

REC Ltd, has also partnered with TajSATS (a joint venture of IHCL and SATS Ltd) to distribute specially-made nutritious meal packets for medical staff in Safdarjung Hospital, New Delhi. Every day, 300 food packets are being delivered as a gesture of gratitude to the frontline healthcare warriors of New Delhi. Over 18,000 meals are being delivered in New Delhi through this initiative.

covid-19-pfc-to-provide-ppe-kits-and-ambulances-to-govt-of-uttarakhand

COVID-19: PFC to provide PPE kits and ambulances to Govt of Uttarakhand

By IndianMandarins 30 May 2020

In yet another step to fight the COVID-19 pandemic, state-owned Power Finance Corporation Ltd (PFC) has come forward to provide financial assistance of ₹ 1.23 crore to the Government of Uttarakhand.

The fund will be utilized for procurement of 500 PPEs Kits for frontline staff and 06 fully equipped Ambulances which will be handed over to the Health Department of Uttarakhand State.

The CSR initiative by PFC will further support the preparedness of the state of Uttarakhand in its fight against the spread of COVID-19.

pfc-to-provide-lunch-to-doctors-and-medical-staff-engaged-in-treatment-of-covid-19-patients

PFC to provide lunch to doctors and medical staff engaged in treatment of COVID-19 patients

By IndianMandarins 27 May 2020

In yet another step to battle COVID-19 pandemic, state-owned Power Finance Corporation Ltd (PFC) has tied up with TajSats, one of Asia’s largest food companies, to provide hygienic and nutritious food to frontline COVID warriors. As part of this endeavor, PFC will provide packed lunch boxes to Doctors and other Health Medical Staff engaged in the treatment of COVID-19 patients at Dr. Ram Manohar Lohia Hospital, New Delhi. 

Under this initiative, the company has provided financial assistance of ₹ 64 lakh (approx.) to Taj STATS for the supply of high-quality and hygienic food (Packed Lunch box) to the Doctors and Medical Staff of Dr. RML Hospital on daily basis for a period of 60 days commencing from 25th May 2020. 

The Ministry of Health has selected Dr. Ram Manohar Lohia Hospital in New Delhi as one of the hospitals dedicated to the treatment of COVID-19 where doctors and other health staff are providing round the clock medical and other health services to COVID-19 patients.

Earlier, PFC has contributed ₹ 200 crore to the PM-CARES Fund to support the battle against COVID-19. The employees of PFC have also come forward for the cause and have donated their one day salary to PM CARES Fund. Further, PFC has contributed ₹ 50,00,000 (₹ Fifty Lakhs only) each to the District Collectors of Siddharth Nagar and Bulandshahar in Uttar Pradesh along with ₹ 50,00,000 (INR Fifty Lakhs only) to Indian Red Cross Society to provide medical equipment in Kota, Rajasthan.

iffco-leads-break-corona-chain-campaign-at-ground-zero

IFFCO leads Break CORONA Chain campaign at ground zero

By IndianMandarins 15 Apr 2020

IFFCO, the leading cooperative society of the world, is making every effort on its part to contain the spread of COVID-19 at ground zero by organizing ‘Break the CORONA Chain Social Awareness Campaign’ in different states across the country.

It has organized over 60 camps on social awareness campaigns so far and is continuously organizing on a daily basis highlighting preventive and precautionary measures. Given the critical importance of the Industry, all IFFCO plants remain fully operational even during the pandemic.

Some of the important aspects undertaken under this campaign included: 1) social distancing; 2) proper sanitization; 3) maintaining a healthy diet and 4) prevention through-covering of face by masks / ‘Gamchha’. IFFCO employees are educating stakeholders about ways of prevention and containment of Coronavirus at more than 100 touchpoints and sale points.

Over 3.5 Lakh Vitamin-C tablets, 50,000 medicated soaps, 20,000 masks, 5,000 sanitizers and numerous medical kits have been distributed at different locations all across India. Apart from this, medical equipment for hospital staff and health workers were provided in the places facing a shortage of equipment. IFFCO is using its extensive marketing network to deliver critical goods in areas otherwise hard to access.

Fertilizer sector is identified as a critical sector so thousands of laborers and employees are working tirelessly even during the pandemic to ensure farmers of the country don’t face a shortage of plant nutrients. Yogendra Kumar, Director - Marketing, IFFCO is leading the charge of the campaign in different states.

scope-employees-contribute-one-day-salary-to-pm-cares-fund

SCOPE employees contribute one day salary to PM-CARES Fund

By IndianMandarins 12 Apr 2020

Employees of Standing Conference of Public Enterprises (SCOPE), the apex organization of Public Sector Enterprises in India, contributed their one day salary to the PM-CARES Fund, to combat the COVID 19 epidemic and overcome the biggest calamity of recent times.

Reportedly, SCOPE is working closely with its member enterprises to compile initiatives taken by them and bring to the forefront their imperative contribution.

ircon-contributes-rs-15.5-crore-more-to-pm-cares

IRCON contributes Rs 15.5 crore more to PM CARES

By IndianMandarins 11 Apr 2020

IRCON has come forward to provide additional financial assistance of Rs 15.5 crore to PM CARES Fund for fighting COVID-19 which is in addition to Rs 5 crore assistance announced earlier. With Company’s total contribution to PM-CARES Fund now amounts to Rs 20.5 crore including the contribution of Rs 51 lakh by the employees.

IRCON CMD S K Chaudhary said, “Covid-19 is one of the biggest challenges that our country is facing and it has been unprecedented in its severity. We at IRCON, has always been at the forefront in times of need for the country. The biggest need at this time is to be united and strengthen the hands of the Government of India. We as a responsible company have been assessing the situation and have decided to enhance our contribution.” IRCON, through the years has been partnering with the Government towards nation-building.

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