Central PSUs under the power ministry and the new and renewable energy ministry would contribute Rs 925 crore to the fight against COVID-19 pandemic, an official release said on Friday.
The Central Public Sector Enterprises ( CPSEs) under the Ministry of Power and the Ministry of New & Renewable Energy have decided to contribute Rs. 925 Crore to Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund' (PM CARES Fund)', a power ministry statement said.
We feel honoured to share that the Public Sector Undertakings of the Ministry of Power & MNRE have decided to contribute INR 925 Cr to the PM- CARES fund with INR 445Cr being deposited on 31st March and remaining in the first week of April, Union Minister of Power and New & Renewable Energy R K Singh tweeted.
The amount of Rs 925 crore includes a contribution of Rs 905 crore from PSUs under the Ministry of Power and contribution of Rs 20 crore from PSUs under MNRE.
"Covid-19, a highly contagious disease has spread to almost the entire world. In India too the pandemic is posing a severe health hazard, which requires the entire nation to stand together," Singh said.
He complimented all those who are contributing wholeheartedly to the PM Cares Fund responding to the appeal of the Prime MinisterNarendra Modi.
Among the PSUs, NTPC will contribute Rs 250 crore followed by Power Finance Corporation and Power Grid at Rs 200 crore each.
The REC will contribute Rs 150 crore while NHPC will provide Rs 50 crore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app