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

| More

Biocon Foundation dedicates rejuvenated Hebbagodi Lake and Children's Park to the community

Posted On: 2018-12-02 13:17:52

Biocon Foundation, the CSR arm of Biocon Ltd. and Syngene International Ltd., dedicated the newly revived Hebbagodi Lake in Anekal taluk to the community, today. Besides the bio-rejuvenated lake, a Children's Park and a safe drinking water facility using Reverse Osmosis (RO) technology were also opened for the public.

The above facilities were inaugurated by Shri B Shivanna, MLA, Anekal taluk; Shri Lakshman, Chairman, Karnataka State Pollution Control Board (KSPCB); Wing Commander G.B. Athri (Retd) and Ms Kiran Mazumdar-Shaw, today.

As a part of its efforts to ensure environmental sustainability, Biocon Foundation, with approvals from the Karnataka Lake Conservation and Development Authority (KLCDA) and other government authorities, has brought back to life the dying 35-acre Hebbagodi Lake, leading to a significant improvement in the water quality and the return of flora and fauna. A public space has been created around the lake in the form of a children's park and walkways for recreational activities. The safe drinking water RO facility will cater to the needs of the neighbouring community.

Biocon Foundation initiated the project under the inspirational leadership and guidance of Wg Cdr G.B.Athri (Retd) in mid-2016, and has successfully completed the project. . Wg Cdr G.B. Athri (Retd) played a significant role in the lake revival project by helping Biocon Foundation synergize efforts to obtain the necessary multi-government approvals and providing guidance throughout the complex process of lake rejuvenation.

Kiran Mazumdar-Shaw, Managing Trustee of Biocon Foundation, said, "I want to congratulate each and everyone involved in successfully implementing the ambitious task of reviving the Hebbagodi Lake. Biocon Foundation is committed to address the pressing social and environmental issues in Karnataka with strong community engagement and innovative solutions. The 'proof of concept' established at Hebbagodi Lake has opened the path for Biocon Foundation to initiate other lake rejuvenation projects and will contribute towards reviving other Bengaluru lakes."

Wing Commander G.B. Athri (Retd), said, "Water is the heart and soul of the lake. Without removing a drop of water from Hebbagodi lake (which is the usual practice), we have successfully rejuvenated the lake. The water quality has attained pristine glory with the help of natural elements. The most important aspect of Hebbagodi lake rejuvenation process is that time-tested natural processes have been put into place."

Pratima Rao, Mission Director of Biocon Foundation, said, "Biocon Foundation constantly engages with the neighbouring communities to undertake various initiatives aimed at environmental management and ecological conservation. With the help of key stakeholders, such as Wing Commander Athri, government officials and local authorities, we successfully restored the ecosystem of the Hebbagodi Lake in a time-bound, cost-effective manner. I believe this initiative will spur other corporates to come forward in implementing innovative solutions that pave the way for a better Bengaluru."

Lourd Raj Joseph, Vice-President and Head, Central Engineering & EHS, Biocon, added, "Given the importance of preserving Bengaluru's natural lakes, we undertook the Herculean task of the rejuvenation of the Hebbagodi Lake through fresh thinking, collective effort and innovative solutions.

A multipronged strategy to use bioremediation, floating islands and aerators has yielded spectacular results. Measures were also taken to protect the lake by engaging with local authorities and the community to monitor and preserve the area. A children's park, with gardens and play equipment, has completed the transformation of the area into a clean, green space."

Multi-Pronged, Multi-Stage Revival Plan Implemented

Biocon Foundation conducted a feasibility study in 2016 to identify the ideal remediation technique for the revival of Hebbagodi Lake. The Detailed Project Report based on the study was approved by the KLCDA before project commencement.

The lake, which was largely covered by weeds and garbage, was dredged to remove garbage, invasive weeds and sludge accumulated over the years. The uprooted weeds were composted for use in green cover expansion around the lake. A number of bar screens were installed at the inlets to prevent fresh garbage from entering the lake. Closed underground conduits were laid and a culvert was built to prevent overflowing of sewage, which also led to unbearable stench around the area.

A natural and eco-friendly bioremediation process was implemented, which involved dosing the lake with a blend of enzymes and microorganisms to rapidly digest organic pollutants. An in-house bioreactor was commissioned by Biocon Foundation to produce ~3,000 litres of bio-enzyme every day. Multiple energy efficient cascading aerators and submersible mixers were installed in the lake to enhance the level of dissolved oxygen in the water. Floating wetlands were also deployed for continuous natural cleaning process.

The daily dosing of enzymes has helped improve the quality of the water with pH value maintained between 6.5 and 8.5. The Dissolved Oxygen (DO) levels have improved from zero to 2.8 mg/L.

The subject-matter expertise and commitment of technical teams from Biocon enabled successful project implementation.

Biocon Foundation's innovation of creating artificial floating islands has secured a place in Limca Book of World Records for being the 'Largest Area of Artificial Floating Wetlands Created in a Lake in India'.

A new embankment with a fence has been built to preserve the lake area and augment the lake's water holding capacity. The area has been beautified further with landscaping, a children's park, and LED streetlights have been installed to make the area safe at night. Furthermore, the Foundation has also constructed a waste segregation yard for effective solid waste management and to prevent this waste landing up in the lake.

Shares of BIOCON LTD. was last trading in BSE at Rs.622.25 as compared to the previous close of Rs. 602.55. The total number of shares traded during the day was 149769 in over 2851 trades.

The stock hit an intraday high of Rs. 625 and intraday low of 602.55. The net turnover during the day was Rs. 92441629.


Source: Equity Bulls

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





Other Headlines:

American Public Life Insurance Company Selects Majesco L&A and Group Core Suite

Flagging off of the first batch of tuna long liner cum gillnet fishing vessels from Cochin Shipyard

Vedanta Ltd denies submitting revised bids for Essar Steel

Huhtamaki PPL Ltd posts net profit of Rs. 17.96 crores in Q4

Linde India Ltd reports PAT of Rs. 15.41 crores in Q4

Tulive Developers Limited board to consider buyback proposal on Feb 22, 2019

GreenPro Certification awarded to Ramco Cements' flagship product - RAMCO SUPERGRADE

Duke Offshore Ltd bags contract from Daewoo - Tata Projects JV

Vyapar Industries Ltd board to consider buyback on Feb 22, 2019

Wipro Positioned as a Leading Player in 'Zinnov Zones for Digital Services in Retail - 2018'

Essel Propack receives Inter Corporate Deposit of Rs. 40 crores

Bajaj Finance announces winners of 'EON'

Gartner Cites Newgen Software as a Niche Player in the 2019 Magic Quadrant for Intelligent BPM Suites

Premier Ltd enters into 10 year lease agreement with Global Icon Projects LLP

ABB wins INR 270 crore order for train technologies from Indian Railways

Nucleus Software's FinnOne Neo Cloud wins the 'Best Cloud Lending Solution' award

HIL Ltd commences commercial production of dry mix plant at Jhajjar, UP

Maharashtra Seamless Ltd pays Rs. 477 crore for acquisition of USTPL

Mac Hotels Ltd Board to consider Interim dividend on March 5, 2019

TCS and Nanoheal to Provide Digital workspace Automation for End-user Devices

IT search at head Divis Laboratories Ltd's premises

TCI Industries Ltd allots 1250 NCRPS

Time Technoplast Ltd receives order worth over Rs. 115 crore

Maruti Suzuki's Compact SUV Vitara Brezza clocks fastest 4 Lakh cumulative sales in under 3 years

BBK Partners with Intellect's Digital Transaction Banking for Digital Transformation of its Transaction Banking Business

Thomas Cook India witnesses a 35% surge in bookings for Japan

Ramco ERP Drives Digital Transformation at PT. Cipta Krida Bahari

63moons filing Rs 10000 cr damage suits against Mr P Chidambaram, Mr K P Krishnan and Mr Ramesh Abhishek

Trident Limited Received 'CSR Leadership Award'

Modulex Construction Technologies Ltd approves corporate guarantee to Give Vinduet Windows and Doors Pvt Ltd

Signet lndustries Ltd secures orders of Rs. 130 crore

Emami Group promoters divest 10% stake for INR 1600 cr in Emami Limited

NLC India Ltd joins hands with NHPC Ltd on power trading

L&T clarifies on action against CTS

Ambuja Cements Limited announces CY2018 results

Cipla wins portion of state ARV tender

Huhtamaki PPL Ltd Board recommends Dividend of Rs. 3 for 2018

Asian Warehousing Limited calls for board meeting on Feb 25, 2019

Cipla and Wellthy Therapeutics announce Partnership

Merck Ltd board to consider dividend on Feb 27, 2019

Ambuja Cements Ltd Board recommends Final Dividend of Rs. 1.50

Wipro launches QuMiC to accelerate migration to Oracle Cloud

Cyient Launches its Connected Equipment Offering for OEMs and Equipment Owners and Operators

V-Mart Retail Limited opens new store in Uttar Pradesh

The Ramco Cements Ltd to contribute Rs. 5 lakhs each for 8 martyrs of Pulwama attack

Satin Creditcare Network Ltd to consider issue of NCDs on Feb 21, 2019

Suditi Industries executes license contract with PSG Merchandising

VBC Ferro Alloys Ltd resumes manufacturing operations at its factory

Tiger Logistics India Ltd strengthens its position in the Auto Logistics Sector

ISG Provider Lens™ Names HCL Technologies a Leader in Development of Next Gen Banking, Financial, and Insurance Applications







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

disclaimer copyright © 2005 - 2019