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IndusInd Bank installs rooftop solar panels at Sri Sathya Sai Sanjeevani Hospital in Navi Mumbai

The installation will help the Hospital save close to Rs60 lakh, annually towards energy consumption.

September 03, 2021 4:45 IST | India Infoline News Service
IndusInd Bank on Friday has installed rooftop solar panels at the Sri Sathya Sai Sanjeevani Hospital located at Kharghar, in Navi Mumbai.

The installation is a large scale grid solar Photovoltaic system that will generate nearly 300 kilowatt peak (kwp) of energy, thereby reducing carbon emission by over 340 Metric Tonnes.

Moreover, it will help the Hospital save nearly Rs60 lakh, annually towards energy consumption, which will then be used to facilitate cardiac surgeries of 40 children suffering from congenital heart diseases, free of cost.

The installation was inaugurated by C. Sreenivas, Chairman, Sri Sathya Sai Health and Education Trust and Roopa Satish, Head - Corporate & Investment Banking, CSR & Sustainable Banking, IndusInd Bank, in the presence of senior officials from the Bank as well as the trusts.

Former Captain of the Indian Cricket team, Sunil Gavaskar being one of the trustees of the hospital, attended the inauguration ceremony through a virtual platform.

Speaking about the initiative, Roopa Satish, Head - Corporate & Investment Banking, CSR & Sustainable Banking, IndusInd Bank said, “We at IndusInd Bank understand that our sphere of influence goes beyond the financial eco-system and that as an organization, we are committed towards the upliftment of the economy, society, and the environment in equal measures.

The installation of solar panels at the Sri Sathya Sai Sanjeevani Hospital reaffirms our commitment towards helping the hospital reduce its carbon footprint significantly on one hand, while also facilitating surgeries for children with cardiac ailments on the other. The Bank has always considered it an honour to contribute, and be a partner of choice for such noble causes, and shall continue to do so in the future”.

The solar panel installation is part of IndusInd Bank’s CSR initiative – ‘Institutions on Solar’, in collaboration with the Centre for Environmental Research and Education (CERE) as its implementing partner. Under this programme, the Bank has successfully completed roof top solar installations across 14 schools/institutions during FY20.

These installations are estimated to generate solar power of 69 lakh units over a period of 25 years, resulting in annual savings of Rs6cr, and a reduction of carbon emission totaling to 5600 Metric Tonnes.

IndusInd Bank ended at Rs1,003.40 apiece down by Rs6.8 or 0.67% on the BSE.

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