Tata group has spent Rs 2,500 cr for COVID relief till now: Chandrasekaran
Tata Sons Chairman N Chandrasekaran on Thursday said group companies have collectively extended a help of Rs 2,500 crore towards COVID-19 relief across both the waves of the pandemic that started in March 2020.
Speaking at the Annual General Meeting of its cash cow TCS, Chandrasekaran said more than the financial commitments, the work done on the ground by the Tata group companies, like helping build new hospitals and expanding oxygen capacity, has been the focus area. He said the group's holding company Tata Sons and the string of philanthropic trusts which majority own the company had committed Rs 1,500 crore after the first wave of the pandemic. Later, as the pandemic continued in the country, group companies including larger ones like TCS and Tata Steel made additional contributions to the tune of Rs 1,000 crore. ''So, the group overall has made a commitment and spent to the order of Rs 2,500 crore approximately,'' he said. He was quick to add that more than the financial commitment, most of the work done by the group was on the ground.