~Bags Global CSR Excellence & Leadership Awards at 5th edition of Blue Dart World CSR day~
New Delhi, 24th February 2016: India’s largest PVC pipes and second largest PVC resin manufacturers, Finolex Industries Ltd was honoured with Global CSR Excellence & Leadership Award at the 5th edition of Blue Dart World CSR day initiative in Mumbai recently. Finolex Industries Ltd received the award for their CSR initiative in the category of Support and Improvement in Quality of Education. Finolex Industries executes its CSR projects through the company’s CSR partner Mukul Madhav Foundation.
Finolex Industries was awarded with the Global Excellence Award in the category of ‘Support and Improvement in Quality of Education’ out of the 150 nominations received globally in this category from corporate social responsibility champions across various industries and countries. The award recognized the organization for demonstrating and creating opportunities for students in the rural areas for international quality education and for their commitment to bring positive change to the educational health of the country.
“Finolex Industries realises the need and importance of education, more so in India which still needs a lot of infusion of investment in quality education. This need and our familiarity with Ratnagiri as a geography led to the birth of Mukul Madhav Vidyalaya in the year of 2010,” said Mrs. Ritu Chhabria, Director, Finolex Industries and Founder & Managing Trustee, Mukul Madhav Foundation. She added, “I am thankful to Blue Dart and Global CSR Excellence & Leadership award for this recognition. Philanthropy, Environmental Responsibility, Inclusive Growth and Effective Collaboration are the main pillars of CSR and sustainability practice at Finolex Industries and we will continue to work with local communities in various region as we have been doing for the last 25 years even before CSR became mandatory.”
Mukul Madhav Foundation was set up as an independent entity committed to social welfare and philanthropy. Both Finolex Industries and Mukul Madhav Foundation had education as one of their key social activity since their inception. Owing to passion for similar causes, Finolex Industries joined hands with MMF in 2008. MMF started working closely with Finolex Industries to assist them in fulfilling their corporate social responsibility (CSR) activities and providing those activities a greater reach and focus. Through programmes on health, education, livelihood and skill development, executed in association with state governments and multiple local partners, the Foundation is helping in bringing about positive change in the lives of the multitude.
Working in and around the villages of Ratnagiri, the Management saw a crying need for rural upliftment. It realized that many of the workers at the plant were in the prime of their youth with young children. The only facilities providing an urban education were 20kms away in the city of Ratnagiri. This realisation led to the birth of an English medium school, Mukul Madhav Vidyalaya (MMV). MMV started with a modest strength of 151 students and has grown steadily into a full- fledged SSC affiliated school with 492 students. It not only provides state-of the art infrastructure but is set on the lines of international standard of education with importance to outdoor activities, physical and mental wellness, hygiene and healthcare.
Education effects life and shapes up livelihood and through the Mukul Madhav Vidyalaya Finolex Industries have tried to make a positive impact on children in the hope of providing them a better future. The education at MMV is provided at an extremely subsidised rate.
About Finolex Industries
BSE: 500940|NSE: FINPIPE|ISIN: INE183A01016
Finolex Industries Limited (FIL) is India’s largest rigid PVC pipes and fittings manufacturer and the second largest PVC resin manufacturer. FIL head office is based out of Pune, with manufacturing plants in Pune, Ratnagiri in Maharashtra and Masar, near Vadodara in Gujarat
PVC Pipes Division:
The PVC pipes and fittings’ plants in Pune, Ratnagiri and Masar, near Vadodara in Gujarat have ultra-modern manufacturing facilities, with a total production capacity of over 250,000 m.t.p.a. FIL is the first Indian PVC pipe manufacturer to be awarded the IS/ISO 9001:2008 certification
Finolex PVC pipes and fittings are available in vast range (sizes, pressure classes and diameters) for diverse applications in agriculture, housing, telecom, construction and industries.
FIL enjoys the leadership position and sells over a network of more than 14,000 direct and indirect retail outlets spread across India. Therefore, Finolex PVC pipes and fittings are easily accessible anywhere in India.
PVC Resin Division:
The plant manufacturing the main ingredient for pipes i.e. PVC is set up in Ratnagiri and is spread over an area of more than 400 acres, in technical collaboration with Udhe GmbH, Germany with Hoechst technology. The PVC resin capacity is 270,000 m.t.p.a
PVC finds applications in various areas, such as, manufacturing of pipes, insulation of cables, window profiles, flooring, blister packaging, etc. The universality of its service properties is such that new areas of application are being continuously developed.
As part of its PVC Complex, FIL has set up an open sea cryogenic jetty, the first of its kind in the private sector in India