Karur Vysya Bank donates electric vehicles and RO plants to SVIMS, Tirupati under CSR

Karur Vysya Bank has donated five electric vehicles and three RO water plants to the Sri Venkateswara Institute of Medical Sciences, Tirupati. The total cost of the project is Rs. 70.73 lakhs and funded by the Bank as part of its CSR initiatives under environmental sustainability and safe drinking water. The donation will also fulfil the environment sustainability and climate-related objectives under the Bank's Environmental, Social and Governance (ESG) initiatives.

The vehicles and RO plant were handed over by the Bank's Chairperson, Dr. Meena Hemchandra and MD & CEO, Shri B Ramesh Babu to Smt. Sada Bhargavi, Joint Executive Officer, TTD and Dr. B Vengamma, Director and Vice Chancellor, SVIMS.

Environmental, Social and Governance (ESG) practices are increasingly being used as a tool to assess a corporate's support for an orderly lowcarbon transition. Taking a broader perspective of this, Karur Vysya Bank is implementing projects that involve promoting integrated sustainable model villages. This effort includes, augmenting water resources, strengthening the green cover through urban forestry, promoting green livelihood activities like organic cultivation, vermicomposting, etc., besides green skilling & green enterprises promotion using locally available resources.

Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 97.55 as compared to the previous close of Rs. 99.60. The total number of shares traded during the day was 125476 in over 1341 trades.

The stock hit an intraday high of Rs. 100.95 and intraday low of 97.40. The net turnover during the day was Rs. 12405687.00.

Source : Equity Bulls

Keywords

KarurVysyaBank INE036D01028 KVB Donation CSR ElectricVehicles ROWaterPlants TIrupati SriVenkateswaraInstituteofMedicalSciences SVIMS