Thursday, May 2 2024 | Time 06:15 Hrs(IST)
image
Business EconomyPosted at: Mar 31 2024 7:38PM


Torrent Group commits Rs 5000 cr towards philanthropy over next 5 years

New Delhi, Mar 31 (UNI) Celebrating the birth centenary of its founder, Uttambhai N Mehta, the Torrent Group has announced a donation of Rs 5,000 crore over the next 5 years for social causes, focussing on the areas of Healthcare, Education & Knowledge Enhancement, Ecology, Social well-being, Arts & Culture and other activities that may serve the basic premise to benefit the underprivileged.
The Mehta family will, over the next 5 years, commencing on April 2024, donate a sum of Rs 5,000 crores to the UNM Foundation. This contribution will be over and above the statutory Corporate Social Responsibility (CSR) contributions of the Torrent Group companies, a company statement said.
“The UNM Foundation will make sincere endeavours to utilize this amount for unique social causes; without any beneficiary barriers of caste, religion, gender and economic strata,” Samir Mehta, Chairman of the Torrent Group, said on the occasion to celebrate the birth centenary of the founder, UN Mehta, in Ahmedabad.
Torrent Group is an Indian multinational conglomerate based in Ahmedabad, and the core businesses of the Group are gas, pharmaceuticals and power.
U N Mehta is remembered for his strong resolve in the face of adversities, business acumen, principled life, and humanitarian philanthropy.
UNI SKB ARN
Please log in to get detailed story.
Tags: #Torrent Group commits Rs 5000 cr towards philanthropy over next 5 years
More News

Jindal Stainless announces Rs 5,400 crore strategic investment

01 May 2024 | 8:06 PM

New Delhi, May 1 (UNI) Jindal Stainless on Wednesday announced a three-pronged investment strategy worth nearly Rs 5,400 crore to expand its capacity and become a key player globally in the stainless steel sector.

see more..

TVS register 25% sales growth in April

01 May 2024 | 5:45 PM

Chennai, May 1 (UNI) Two and three-wheeler makers TVS Motor Company registered a 25% growth
with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.

see more..

Adani Wilmar Food & FMCG segment reaches milestone of almost INR 5,000 Cr in FY’24, and nearly doubles in 2 years

01 May 2024 | 5:44 PM

Ahmedabad, May 01 (UNI) Adani Wilmar’s sales volume continued to grow well, witnessing strong volume growth in both edible oils and foods businesses during the quarter and for the full year, driven by increased retail penetration.

see more..

TVS Motor Company registers sales growth of 25 pc in April 2024

01 May 2024 | 5:33 PM

Bengaluru, May 01 (UNI) TVS Motor Company has registered a growth of 25 per cent with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.

see more..

Hyundai register sales of 63,701 units in April

01 May 2024 | 5:19 PM

Chennai, May 1 (UNI) Passenger car makers Hyundai Motor India registered a total sales
of 63,701 units (Domestic 50,201 units and exports 13,500 units) in April this year, posing
a YoY growth of 9.5 per cent.

see more..
image