Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

TVS Motor Company adopts an integrated approach to support the fight against COVID-19

Posted On: 2021-05-07 11:54:38 (Time Zone: UTC)


TVS Motor Company, along with Sundaram Clayton and its group companies, has pledged Rs. 40 crores as part of an integrated approach to support the nationwide efforts to curb the spread of COVID-19. The funds will be utilised to provide lifesaving supplies such as oxygen concentrators, PPE Kits, medicines and medical equipment across the country. This initiative is undertaken by Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton Ltd.

As part of this initiative, the company will supply 2,000 oxygen concentrators to hospitals and health centres and over 20,000 food packets per day for essential services workers in Tamil Nadu, Karnataka, and Himachal Pradesh during the second wave of COVID-19. This will be supported by distributing over a million face masks, thousands of oximeters and PPE kits, hand sanitisers and essential medicines to more than 500 government health centres and hospitals in these states. Additionally, the company will continue to facilitate all possible assistance to COVID-19 care centres in rural areas across the country.

Commenting on this, Mr. Venu Srinivasan, Chairman, TVS Motor Company, said, "We are experiencing an unprecedented crisis due to the deadly second wave of the COVID-19 outbreak in our country. This situation demands that we unify our efforts towards mitigating the severe impact of the pandemic. We are working with the Government to provide assistance to various health centres in rural India and create easy medical accessibility at the grassroots. We are focused on doing whatever it takes to alleviate and enhance the quality of lives of the communities we serve, as we have done in our 100-year history."

TVS Motor Company is also working closely with two hospitals in Chennai: Rajiv Gandhi Government General Hospital and Stanley Medical College Hospital, to support them with supplies and aid their effort in treating COVID-19 patients. The company is working with local authorities and has dedicated two ambulances for villages near the TVS Motor Company factories in Hosur and Mysore. These ambulances are equipped with essential medical facilities for the immediate treatment of patients with mild COVID-19 symptoms.

These efforts are supplemented by several other programmes to provide protective face masks and food packets to TVS Motor employees and the communities near our plants and offices. As an employee-first company, TVS Motor has assured that it will fully cover all employees' medical expenses towards COVID-19 treatment. Having vaccinated all employees above 45 years, as a next step, the company will ramp up its effort to extend the vaccination drive for everyone above the age of 18. The company recently launched an exclusive employee connect dashboard TVS-ICE (In Case of The Emergency) App, an emergency response mechanism for employees and their families in need of health, hospitalisation, home care, general medical support, insurance, pregnancy, and cash/financial support. The company has also introduced an employee assistance programme to address issues related to anxiety, mental health and wellbeing, amongst others.

TVS Motor had earlier announced a contribution of Rs. 60 crores towards relief efforts across various states during the first wave of COVID-19 last year. Over the past year, the company has provided close to 2 million food packets and over 1 million face masks to healthcare and essential services workers.

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.616.7 as compared to the previous close of Rs. 626.15. The total number of shares traded during the day was 69486 in over 1937 trades.

The stock hit an intraday high of Rs. 630.9 and intraday low of 613.7. The net turnover during the day was Rs. 42958574.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Mastek gets recognized in The Gartner Digital Commerce Vendor Guide, 2021 as a Digital Commerce Service Provider

Healthcare Triangle Inc., (HTI) unveils DataEz Platform to Harness Big Data

Schneider Electric Infrastructure Ltd Q4FY21 loss at Rs. 11.25 crore

Swarnsarita Gems Ltd Q4FY21 net profit at Rs. 1.89 crore

Asian Hotels East Ltd Q4FY21 consolidated loss at Rs. 5.17 crore

Apollo Hospitals announces formation of Apollo HealthCo

Sharda Motor Industries Ltd approves JV with Kinetic Green Energy and Power Solutions Ltd

Cyient Reinforces Its Commitment to Innovation with CyientifIQ

Kotak Customers can now Transfer Money and Make Payments simply with a Mobile Number

Asirvad Microfinance Ltd. Raises securitises loans worth Rs. 262 crore

Apollo Hospitals Enterprise Ltd board recommends dividend of Rs. 3

Ministry of Environment grants Environmental Clearance for planned expansion in existing plant in Ludhiana

RattanIndia's Revolt Motors welcomes Gujarat Electric Vehicle Policy 2021

Multibase India Limited board recommends final dividend of Rs. 2

Sharda Motor Industries Ltd Board recommends Final Dividend of Rs. 2.63

Elnet Technologies Ltd Board approves Dividend of Rs. 1.40

Apollo Hospitals Enterprise Ltd Q4FY21 up QoQ at Rs. 167.85 crores

Mcleod Russel India Ltd Q4FY21 consolidated loss at Rs. 114.87 crores

Multibase India Ltd posts net profit of Rs. 2.06 crore in Q4FY21

Sharda Motor Industries Ltd reports consolidated PAT of Rs. 25.91 crores in Q4 FY2020-21

Allcargo Logistics Ltd Q4FY21 consolidated PAT at Rs. 53.71 crores

Elnet Technologies Ltd Q4FY21 PAT at Rs. 3.03 crore

Suratwwala Business Group Ltd H2FY21 PAT at Rs. 5.59 crore

G K P Printing and Packaging Ltd H2FY21 PAT at Rs. 58.59 lakhs

KNR Tirumala Infra Private Limited receives provisional completion certificate

Jeevan Scientific Technology Limited board recommends dividend of Rs. 0.50

Dhunseri Tea & Industries Ltd Board approves Dividend of Rs. 5

Cyient Celebrates First Anniversary of IC Design and Development Center in Duisburg, Germany

Ducon emerges as L-1 for 2 x 250 MW NTPC FGD order

S R Industries Ltd board approves capital reduction

Bhandari Hosiery Exports Limited board recommends final dividend of Rs. 0.01

Deepak Spinners Ltd Board recommends Dividend of Rs. 2

Tanla Platforms Limited set to go global, platform business to propel growth

UCO Bank Limited board approves raising Tier II capital upto Rs. 500 crore

Munjal Showa Ltd board recommends dividend of Rs. 4.50

Ventura Guaranty Limited board recommends final dividend of Rs. 4.5

Speciality Restaurants Ltd reports Rs. 8.43 crore consolidated PAT in Q4 FY2020-21

Jeevan Scientific Technology Ltd Q4FY21 consolidated net profit at Rs. 3.84 crore

Eastern Treads Ltd Q4FY21 consolidated loss at Rs. 43.45 lakhs

MBL Infrastructures Ltd Q4FY21 consolidated loss at Rs. 58.08 crores

Bhandari Hosiery Exports Ltd Q4FY21 net profit up at Rs. 1.49 crore

Suraj Products Ltd reports net profit of Rs. 3.03 crore in Q4FY21

Dhunseri Tea and Industries Ltd Q4FY21 consolidated loss at Rs. 24.64 crores

Munjal Showa Ltd Q4FY21 PAT at Rs. 5.82 crore

Ventura Guaranty Ltd Q4FY21 consolidated net profit jumps to Rs. 10.84 crores

Deepak Spinners Ltd Q4FY21 net profit rises YoY to Rs. 9.34 crore

Dhruv Consultancy Services Ltd Q4FY21 PAT at Rs. 20 lakhs

BLS International partners with Knowledge Catalyst to issue Digital Health Certificates

HCC FY21 Consolidated Revenue at Rs 8,335 cr

India Motor Parts & Accessories Ltd acquires shares in Brakes India Private Limited


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020