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

| More

Finolex Industries through CSR partner Mukul Madhav Foundation has been supporting its society during the COVID - 19 pandemic

Posted On: 2020-04-15 17:10:38


Spurred on by the unfolding events in China at the end of 2019, FIL and MMF took the initiative to formulate a pre-preparedness strategy much before WHO announced it as a global pandemic. The strategy was developed in close consultation with local hospitals, doctors that have been associated with the Foundation, para-medical partners and others with relevant experience.

Recognizing the likelihood of an increase in the need for face masks, the Foundation approached various organizations who could contribute towards this requirement. The Family Planning Association of India who provide a livelihood to HIV+ women in Pune; local women's self-help groups in Satara were approached to make masks. This effort was mirrored in Masar, Gujarat and Ratnagiri at the Skill Development Centre run by the Foundation. This has created an opportunity for these women and has enabled them to earn additional money to contribute towards their family incomes. Punyadham Ashram which houses senior citizens on the outskirts of Pune voluntarily began making masks and supporting the needs of the police force, Sassoon Hospital and Mukul Madhav Foundation.

Another prong in the strategy was to survey the known network of hospitals assigned to admit COVID patients to ascertain their immediate needs. An appeal was received and responded to from The Red Cross Society, KEM Hospital, Sassoon General Hospital, Naidu Hospital and a number of private hospitals. The Foundation has been proactive to provide ventilators, gloves, PPE suits, masks, sanitizers, disinfectants and face shields to these hospitals.

Through a collaboration with a startup based at the Science and Technology Park, 4 Scitech Airon Generators which purify the air were generously donated to Naidu Hospital and shortly 25 more will be donated to Sassoon Hospital, KEM hospital and police stations.

FIL/MMF in collaboration with KETTO - online crowd funding portal supported 4000+ families who lost their jobs being daily wage earners. MMF partnered with around 7 like-minded institutes/volunteers to carry out the assembling, distribution of goods and support the end beneficiaries.

Rural areas of the state have not been sidelined. The District Health Officer (DHO), CEO and the Civil Surgeon have all been very supportive. RBSK (Rashtriya Bal Swasthya Karyakram) has bridged the gap between authorities and NGOs to support the transportation of goods to rural areas as entry by private vehicles has been banned. In this time of isolation.

FIL / MMF continues to support its 'Mission Cerebral Palsy' which began in 2015 at Finolex Rehab Centers pan Maharashtra. Patients are being guided through the generous support of the therapists planned by the dynamic team of MMF through skype and whats app video calls. Each parent is getting individual time over the phone. We hope to continue this through the period of lockdown.

Speaking on the activity, Mrs. Ritu Prakash Chhabria, Managing Trustee, Mukul Madhav Foundation said, "During this time of lockdown a whole hearted support from the Foundation to its beneficiaries and vice versa is being provided. Be it old age people, women afflicted with HIV, mobile teachers, authorities, parents or systems; All of them have been an integral part in carrying out these activities and initiatives. Volunteers like Raj Deshmukh, Vinod Rohani, Chetan Lodha and many others have been silently supporting in this Mission."

We will fight COVID-19 together. Stay Home! Stay Safe!

Shares of FINOLEX INDUSTRIES LTD. was last trading in BSE at Rs.423.8 as compared to the previous close of Rs. 423.85. The total number of shares traded during the day was 9195 in over 1015 trades.

The stock hit an intraday high of Rs. 428.6 and intraday low of 412. The net turnover during the day was Rs. 3896160.


Source: Equity Bulls

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





Other Headlines:

Advanced Enzyme Technologies Ltd board recommends dividend of Rs. 0.60

RCF's Q4 2019-20 profit after tax rises over 190 % over Q4 2018-19

Eris Lifesciences Ltd board to consider Q4, FY20 results on June 2, 2020

Advanced Enzyme Technologies Ltd Q4 consolidated PAT at Rs. 31.33 crore

Kaveri Seed Company Ltd Q4 FY20 consolidated net profit at Rs. 7.57 crore

Kanpur Plastipack Ltd Board recommends final dividend of Rs. 0.60 for FY20

Techno Electric & Engineering Company Ltd to sell its stake in JKTPL

NLC India Limited raises Rs. 500 crore through Commercial Paper

Kanpur Plastipack Ltd Q4 PAT at Rs. 0.47 crore

CRISIL updates on rating of Jubilant Life Sciences Limited

KRBL Limited board to announce Q4, FY20 results on June 9, 2020

Sagar Cements Ltd reports Rs. 1.29 crore consolidated PAT in Q4 FY20

Procter & Gamble Health Ltd posts Rs. 46.46 crore PAT during the quarter ended March 31, 2020

Customer Service a Priority: Maruti Suzuki announces extension of free service and warranty

Suven Life Sciences Ltd board to consider Q4, FY20 results on June 5, 2020

Everest Industries Ltd Board recommends dividend of Rs. 1 for FY20

ESAF Small Finance Bank Profit Soars 110%

Lemon Tree Hotels Ltd Q4 FY20 loss at Rs. 17.91 crore

IndiGo announces the appointment of Dr. Venkataramani Sumantran as an Independent Director

Sundaram Finance FY20 Net Profit at Rs. 724 crores, revenues up 16% at Rs. 3842 crores

KPTL announces execution of share purchase agreement for divestment of stake in Jhajjar KT Transco Transmission Asset

YES Bank acquires 24.19% in Dish TV India Ltd through invocation of pledged shares

V-Mart reports 16% revenue growth and 61% increase in EBITDA y-o-y in FY20

India Ratings Maintains Union Bank of India on RWE

CRISIL assigns 'CRISIL AAA/Stable' Rating on Rs. 500 crores NonConvertible Debenture (NCD) Programme of M&M

SCI Q4 consolidated PAT at Rs. 111.05 crore

IndiGrid announces execution of share purchase agreement for acquisition of Jhajjar KT Transco Private Limited

The Shipping Corporation of India Limited board recommends final dividend of Rs. 0.75

Sundaram Finance Ltd Board recommends Final Dividend of Rs. 3

Equitas Holdings Ltd Q4 consolidated PAT slides to Rs. 14.59 crore

Metropolis Healthcare Ltd Q4 consolidated PAT drops to Rs. 15.49 crore

VOLTAS Ltd Q4 consolidated PAT up at Rs. 158.66 crore

Andhra Paper Ltd Q4 net profit surges to Rs. 92.92 crore

NCC Limited Q4 consolidated net profit at Rs. 75.82 crore

Shaily Engineering Plastics Ltd Q4 net profit at Rs. 6.95 crore

Rashtriya Chemicals & Fertilizers Ltd Q4 FY20 consolidated PAT climbs to Rs. 142.38 crore

Dilip Buildcon Ltd Q4 FY20 consolidated net profit jumps to Rs. 166.80 crore

Voltas Ltd Board recommends Dividend of Rs. 4 for FY2020

Jubilant Life Sciences Ltd Q4 FY2020 consolidated net profit rises to Rs. 260.49 crore

HCL Technologies announces intent to acquire Cisco's SON Technology

NCC Limited Board recommends dividend of Rs. 0.20

Digitate Debuts SaaS for Entire ignio™ Product Suite to Increase Business Agility and Scalability

3M India Ltd Q4 consolidated PAT at Rs. 60.11 crore

Jagran Prakashan Ltd Q4 FY20 consolidated PAT slides to Rs. 11.21 crore

Sundaram-Clayton Ltd consolidated Q4 FY2020 PAT declines to Rs. 9.21 crore

KEC International Ltd posts consolidated PAT of Rs. 192.88 crore in Q4 FY20

Symphony Ltd Q4 consolidated PAT at Rs. 40 crore

Ponni Sugars (Erode) Ltd board recommends dividend of Rs. 4

Rashtriya Chemicals and Fertilizers Ltd Board recommends Dividend of Rs. 2.84

Dilip Buildcon Ltd Board recommends Dividend of Rs. 1 for FY20







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

disclaimer copyright © 2005 - 2019