Balu Forge Industries Ltd joins as a signatory to the United Nations Global Compact initiative

Balu Forge Industries Ltd has joined the U.N. Global Compact as a signatory & it will be integrating the principles of the Compact into business practices with an objective of creating a sustainable world built on strong principles laid down by the above initiative.

The company strongly supports the Ten Principles of the United Nations Global Compact on human rights, labour, environment and anti-corruption. The company expressed its intent to implement those principles. It is committed to making the UN Global Compact and its principles part of the strategy, culture and day-to-day operations of the company, and to engage in collaborative projects which advance the broader development goals of the United Nations, particularly the Sustainable Development Goals (SDGs)

This announcement further builds on company's commitment to the Environmental, Social, and Governance (ESG) program with a strong focus on its key long term objective; to be a company that all stakeholders can be proud of. The company is committed to be an active contributor to change and joining UN Global Compact as a signatory reaffirms its pledge to ESG.

Commenting on the said recognition, Mr. Jaspal Singh Chandock, Chairman & Managing Director, BFIL said, "The Ten Principles laid down by the United Nations Global Compact have been core to our values since our inception & we wish to build a company adhering to each of these principles not only as a desire but as a necessity deep-rooted in our ideology. BFIL is proud to join the U.N. Global Compact as a signatory we will be participating actively on all the programs & initiatives to achieve long Term SDG goals of the United Global Compact Initiative & to promote sustainable development of the organisation and all its stakeholders."

Shares of BALU FORGE INDUSTRIES LIMITED was last trading in BSE at Rs. 252.5 as compared to the previous close of Rs. 250.5. The total number of shares traded during the day was 114 in over 12 trades.

The stock hit an intraday high of Rs. 252.5 and intraday low of 247.2. The net turnover during the day was Rs. 28542.

Source : Equity Bulls

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