ITC Limited bagged 1st prize in CSR

by Psu Connect
Date: 10-01-22

Water as a resource is crucial to India, which is one of the fastest-growing economies in the world. While India has more than 18 percent of the world’s population, it has only 4 percent of the world’s renewable water resources.

New Delhi: Indian conglomerate company ITC Limited grabbed the ‘Best Industry for CSR activities’ category of the 3rd National Water Awards. The Union Minister of Jal Shakti handed the award to the company.

Union Minister of Jal Shakti Gajendra Singh Shekhawat stated that water is fundamental to life. India’s current water requirement is estimated to be around 1,100 billion cubic meters per year, projected to go up to 1,447 billion cubic meters by 2050.

Water as a resource is crucial to India, which is one of the fastest-growing economies in the world. While India has more than 18 percent of the world’s population, it has only 4 percent of the world’s renewable water resources.

Following this Adani Foundation grabbed the second position followed by HAL and Dharampal Satyapal Ltd, jointly bagging the third position, according to IANS.

ITC is one of India's foremost private sector companies and a diversified conglomerate with businesses spanning Fast Moving Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. The Company is acknowledged as one of India's most valuable business corporations with a Gross sales value of Rs 74,979 crores and Net Profit of Rs 13,032 crores (as on 31.03.2021). ITC was ranked as India's most admired company, according to a survey conducted by Fortune India, in association with Hay Group.