The JSW Group and the Adani Foundation have pledged to contribute Rs 100 crore each to the PM-CARES Fund to combat the Coronavirus Outbreak (COVID-19).
The JSW Group and the Adani Foundation, both key firms’ in India’s energy and specifically renewable energy sector have pledged to contribute Rs 100 crore each to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) in support to all on-going relief efforts to combat the Coronavirus Outbreak (COVID-19).
The Sajjan Jindal-led JSW Group has announced that it will extend financial assistance of Rs 100 crore to combat the deadly coronavirus. Besides, the firm will also provide equipment to healthcare workers to deal with the situation, and its employees will donate one day’s salary to prevent the spread of the virus.
“In light of the current COVID-19 crisis, the JSW Group has committed Rs 100 crores to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) in support to all on-going relief efforts,” JSW Group said in a statement. Each employee of the JSW Group has also committed a minimum of a single day’s salary as a donation to the fund, it added.
Separate funds have been earmarked by the group to import ventilators to be supplied to healthcare facilities across the country, besides COVID-19 testing kits, personal protective equipment such as masks, gloves, among others, for health care workers. The statement further said that communities in and around the JSW Group facilities will be provided with staples and other essential dietary requirements.
Earlier, Gautam Adani, Chairman of the Adani Group had taken to Twitter to announce that the Adani Foundation will be contributing Rs 100 crore to the PM-CARES Fund.
“ADANI FOUNDATION is humbled to contribute Rs.100 Cr to the #PMcaresfund in this hour of India’s battle against #COVID19. ADANI GROUP will further contribute additional resources to support the GOVERNMENTS and FELLOW CITIZENS in these testing times,” the tweet read.
We’ve stepped up efforts for the nation during #CoronaLockdown.
₹5 Cr donated to Gujarat & ₹1 Cr to Maharashtra CM Relief Fund
1.2 L+ masks stitched
GAIMS equipped for handling #COVID19
Seamless supply of essential goods, gas & electricity#GoodnessNeverStops pic.twitter.com/DlWvsrMoLa
— Adani Group (@AdaniOnline) March 28, 2020
The company had also announced details of additional contributions being made by it. This includes a donation of Rs 5 crore to the Gujarat Chief Minister’s Relief Fund and Rs 1 crore to the Maharashtra Chief Minister’s Relief Fund. Alongside this, the Foundation was also stitching over 1.2 lakh masks that would be used by the police and health workers as well as the community at large.
The PM-CARES Fund was created by Prime Minister Narendra Modi on Saturday – March 28, 2020, after his office received numerous requests from people for donations to support the government in its fight against the impact of COVID-19. On Sunday – March 29, 2020, finance minister Nirmala Sitharaman took to social media to announce that the ministry of corporate affairs (MCA) had notified that CSR funds can donate to the fund.