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TVS Motor, Sundaram Clayton pledge Rs 40 cr for Covid relief
By IANS |
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UP to set up 10 oxygen plants in a week. Image Source: IANS News
Chennai, May 7 : Two-wheeler major TVS Motor, its group companies and Sundaram Clayton Limited have pledged Rs 40 crore to strengten India s fight against the Covid-19 pandemic. 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, TVS Motor said on Friday.
According to TVS Motor, it 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 in the wake of the raging second wave of the pandemic that has gripped the nation.
TVS Motor lines up Rs 40 cr to support fight against COVID-19
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Last Updated: May 07, 2021, 05:44 PM IST
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Synopsis
The funds will be utilised to provide lifesaving supplies such as oxygen concentrators, PPE Kits, medicines and medical equipment across the country.
Agencies
TVS Motor has already announced that it will fully cover all employees medical expenses towards COVID-19 treatment.
TVS Motor Company on Friday said it along with Sundaram Clayton and its group companies have pledged Rs 40 crore 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.
Sundaram-Clayton Ltd. posted 34% growth in standalone net profit to ₹83 crore on improved sales volume, for the quarter ended March. Revenue from operations grew 35% to ₹405 crore. The company also re