PNB Housing Finance allocates Rs5cr for targeted solutions against the Covid-19 pandemic

The NBFC stated that the surge in COVID-19 infections during the second wave has tested our health infrastructure leading to a shortage of hospital beds, medical supplies and oxygen.

Jun 16, 2021 03:06 IST India Infoline News Service

To fight against the Covid-19 pandemic, PNB Housing Finance has allocated a sum of Rs5cr for targeted solutions which will extend crucial support to access appropriate medical treatments and well equipped medical facilities for affected patients.

PNB Housing Finance Managing Director and CEO Hardayal Prasad said, “In the past 15 months, India has been confronting an unprecedented medical emergency due to Covid-19. The existing medical infrastructure has been overwhelmed, resulting in a shortage of medical facilities. Given the severity of the second wave of coronavirus, we at PNB Housing Finance have committed ourselves to provide help and support to assist the local communities and our frontline health workers who are working round the clock to keep people safe. Our current Covid-19 initiatives are meant to aid relief efforts and offer healthcare to those who need it the most, and mitigate the suffering of the people as best as we can.”

In a statement, the NBFC stated that the surge in COVID-19 infections during the second wave has tested our health infrastructure leading to a shortage of hospital beds, medical supplies and oxygen. To address the shortage of oxygen supply, PNB Housing Finance is supporting a collaborative exercise with leading foundations to install oxygen plants around medical facilities in different parts of the country. These oxygen plants are being put up after thorough due diligence undertaken for feasibility and demand analysis.

Also, PNB Housing Finance has established a simulated programme with an institute of national influence and a start-up incubated at one of the primer institutes. This programme has been greenlit by PNB Housing Finance with the setting up of two mobile ICU equipped medical facilities. These facilities are equipped to provide critical care services to Covid patients. Each of these self-contained medical units will have separate zones for testing & diagnostics, isolation of patients, intensive care and even accommodation for health personnel. As part of this programme, we are establishing 50 bed and 20-bed facilities in Delhi and Raipur respectively.

Additionally, PNB Housing Finance through its corporate foundation Pehel Foundation has launched fully equipped free ambulance services for the Covid-19 patients. These ambulances are equipped with lifesaving equipment including a Portable ventilator, Multi-parameter patient monitor, Emergency kit, Oxygen Cylinder etc, which will enable the staff operating the vehicle to provide medical assistance. These ambulance services will be operating to support the immediate medical requirements of the affected communities in our
society.

At around 3.23 pm, PNB Housing was trading at Rs724.95 per piece down by Rs13.10 or 1.77% on Sensex. 

Related Story

Open Free Demat Account (Rs699)