Karur Vysya Bank provides battery operated electric vehicles to TTD
The vehicles are meant to transport devotees within the Tirumala complex.
Chennai: Karur Vysya Bank today dedicated five numbers of 8 seater battery operated electric vehicles in the service of Lord Venkateswara as part of its CSR initiatives – Environmental Sustainability. The vehicles are meant to transport devotees within the Tirumala complex. The cost of the five vehicles is Rs. 29.27 lakhs.
This is also meant to fulfill the environment sustainability and climate-related objectives under the Bank’s Environmental, Social, and Governance (ESG) initiatives.
The vehicles were handed over by Shri B Ramesh Babu, MD & CEO of Karur Vysya Bank, and Board members of the Bank to Shri A V Dharma Reddy, Executive Officer (FAC) & Member Secretary (Ex-officio), Tirumala Tirupati Devasthanams.
Shri Ramesh Babu, MD & CEO, KVB said, “Environmental, Social and Governance (ESG) practices are increasingly being used as a tool to assess a corporate’s support for an orderly low-carbon transition. TTD has planned to develop Tirumala as a green town and is actively encouraging a reduction in the use of fossil fuels in the hills.
In line with the Bank’s adherence to ESG practices, while initiating CSR projects, KVB decided to provide battery-operated electric vehicles to TTD.”Read Also : Coal CPSEs Providing Water to 981 Villages of Nine States
News Must Read
- Prime Minister dedicates projects worth more than Rs 5200 cr in Bodeli, Gujarat
- SJVN commenced Mechanical Spinning of 60 MW NMHEP
- Federal Bank Expands Its Footprint in Punjab, Inaugurates Branch in Rajpura
- ONGC signs Crude Oil Sales Agreement with Mangalore Refinery
- Indian Navy flagged off 'Khamree Mo Sikkim' Car rally
- First Green Hydrogen Fuel Cell Bus Inaugurated in New Delhi
- NGEL Ties up with Syama Prasad Mookerjee Port for Green Hydrogen Hub
- PFC shares ATF's new report to help in climate initiatives
- The Most Talked Thing about Dwarka Expressway
- Minister Hardeep S Puri to flag off 1st Green Hydrogen Fuel Cell Bus