IndusInd Bank installs rooftop solar panels at Sri Sathya Sai Sanjeevani Hospital in Kharghar, Navi Mumbai

IndusInd Bank today, installed rooftop solar panels at the Sri Sathya Sai Sanjeevani Hospital located at Kharghar, in Navi Mumbai. The installation is a large scale grid solar Photovoltaic system that will generate nearly 300 kilowatt peak (kwp) of energy, thereby reducing carbon emission by over 340 Metric Tonnes. Moreover, it will help the Hospital save nearly Rs. 60 lakh, annually towards energy consumption, which will then be used to facilitate cardiac surgeries of 40 children suffering from congenital heart diseases, free of cost.

The installation was inaugurated by Mr. C. Sreenivas, Chairman, Sri Sathya Sai Health and Education Trust and Mrs. Roopa Satish, Head - Corporate & Investment Banking, CSR & Sustainable Banking, IndusInd Bank, in the presence of senior officials from the Bank as well as the trusts. Former Captain of the Indian Cricket team, Mr. Sunil Gavaskar being one of the trustees of the hospital, attended the inauguration ceremony through a virtual platform.

Speaking about the initiative, Mrs. Roopa Satish, Head - Corporate & Investment Banking, CSR & Sustainable Banking, IndusInd Bank said, "We at IndusInd Bank understand that our sphere of influence goes beyond the financial eco-system and that as an organization, we are committed towards the upliftment of the economy, society, and the environment in equal measures. The installation of solar panels at the Sri Sathya Sai Sanjeevani Hospital reaffirms our commitment towards helping the hospital reduce its carbon footprint significantly on one hand, while also facilitating surgeries for children with cardiac ailments on the other. The Bank has always considered it an honour to contribute, and be a partner of choice for such noble causes, and shall continue to do so in the future".

The solar panel installation is part of IndusInd Bank's CSR initiative - 'Institutions on Solar', in collaboration with the Centre for Environmental Research and Education (CERE) as its implementing partner. Under this programme, the Bank has successfully completed roof top solar installations across 14 schools/institutions during FY20. These installations are estimated to generate solar power of 69 lakh units over a period of 25 years, resulting in annual savings of Rs.6 crores, and a reduction of carbon emission totaling to 5600 Metric Tonnes.

Shares of IndusInd Bank Ltd. was last trading in BSE at Rs. 1010.2 as compared to the previous close of Rs. 998.6. The total number of shares traded during the day was 139814 in over 3240 trades.

The stock hit an intraday high of Rs. 1012.5 and intraday low of 995.7. The net turnover during the day was Rs. 140883191.

Source : Equity Bulls

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