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    SMR Jewels Limited’s Initial Public Offering to open on Tuesday, May 26, 2026, price band set at Rs. 128 – Rs. 135 per Equity Share

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Finolex Industries announces covid relief efforts

The Company’s CSR armMukul Madhav Foundationhas mobilizedinternational and domestic resources to collectively fund, source, procure and ensure effective distributionof much-needed medical equipment to severely affected covid centers across the country

Rashtra Times by Rashtra Times
in Aviation, Business, COVID - 19, CSR Initiative, Foundation
Reading Time: 2 mins read
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Finolex Industries Limited (FIL) along with its CSR arm Mukul Madhav Foundation has mobilized resources, globally and in India to augment covid relief efforts in the country in collaboration with other corporates, NGO partners, philanthropic institutions, and likeminded individuals. This collaborative effort, on the part of MMF, has bridged together several corporates with Finolex Industries Ltd.to provide relief and support during the second wave of the pandemic. Through this collaboration, 945 oxygen concentrators, 218 ventilators, thermal scanners, PPE suits, oximeters, gloves, masks, sanitizers and paracetamol tablets have been donated to covid centers, municipal hospitals, and rural hospitals across the country, especially in areas which have witnessed a surge in the number of covid cases. The relief effort has safeguardedthe Asha and ANM workers along with front line covid warriors in their fight against the virus. Support has been extended tomany states including Maharashtra, Gujarat, Karnataka, Uttar Pradesh, Haryana, Rajasthan, Goa, Orissa, Jharkhand, and Punjab.

Finolex Industries has pledged more than Rs. 9 cores for this second wave. With the association of MMF and its reach, funds are also being channelized through crowd funding, CSR arms of other corporate institutions and private individuals.

Ritu Prakash Chhabria, Managing Trustee, Mukul Madhav Foundation and Board Member Finolex Industriessaid,“We have brought people and institutions together to collectively combat the rapid surge in covid cases by augmenting public health infrastructure. We have raised resources by channelizing the support of our partners to ensure that the whole process of mobilizing funds, sourcing and procuring medical equipment logistics planning and execution is implemented smoothly and the neediest patients receive timely treatment.’’

The large part of the relief operation’s success is attributed to the support received from Qatar Airways which has flown in the equipment free of cost. The ground support provided by Ashok Leyland ensured that the equipment crossed the length and breadth of the country safely and urgently even to the most remote corners. Finolex Industries has been instrumental in helping with import licensing and volunteers from the organization have driven the coordination effort with local authorities and verified appeal requests to get the relief to the right places.

Since the beginning of April 2021, the Foundation has successfully connected and provided to all authenticated appeals that have reached them. It has also been instrumental in concentrating its efforts to provide medical support for pediatric hospitals and children.

 

Tags: CSR initiativeFinolex IndustriesManaging TrusteeMukul Madhav Foundation and Board Member Finolex IndustriesQatar AirwaysRitu Prakash Chhabria
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