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
Sensex up over 500 pts

Sensex up over 500 pts

23 Apr 2025 | 10:28 AM

Mumbai, Apr 23 (UNI) The BSE Sensex continued to climb on Wednesday too, advancing 509 pts at 80,104.00 in opening session as buying was seen across the board despite mixed trend in global market.

see more..
AP: Nepal delegation visits Visakhapatnam Port Authority

AP: Nepal delegation visits Visakhapatnam Port Authority

22 Apr 2025 | 9:33 PM

Visakhapatnam, Apr 22 (UNI) A five-member Nepal delegation led by Dr. Govind Prasad Sharma, Secretary, Ministry of Agriculture & Livestock Department, Government of Nepal, along with the Managing Director of Krishi Samagri Company Ltd., Nepal, and the Assistant CEO of Salt Trading Corporation Ltd., Nepal, visited Visakhapatnam Port Authority (VPA) on Tuesday.

see more..

Rs 32 50 lakh project for interior furnishing of Kochi cruise terminal gets nod

22 Apr 2025 | 7:43 PM

Thiruvananthapuram, Apr 22 (UNI) The Kerala Tourism Department has accorded Administrative Sanction for a Rs 32.50 lakh project for interior furnishing of the proposed passenger lounge at the International Cruise Terminal in Kochi.

see more..

Naveen Jindal welcomes 12 pc Safeguard Duty on steel lmport

22 Apr 2025 | 7:34 PM

Kaithal, Apr 22 (UNI) Naveen Jindal, President of the Indian Steel Association and Chairman of Jindal Steel and Power, has welcomed the decisive move to shield its domestic steel industry from a surge of low-priced imports.

see more..

Corporate funding in global solar sector declines YoY, but Indian scenario promising: Mercom

22 Apr 2025 | 7:02 PM

Kolkata, Apr 22 (UNI) Total corporate funding in the global solar sector reached $ 4.8 billion across 39 deals in Q1 2025 — a 41 per cent decline year-over-year (YoY) compared to $ 8.2 billion raised through 42 deals in Q1 2024.

see more..