Flood of corporate donations to fight Covid-19

Vol 23, PW 11 (09 Apr 20) People & Policy

Cash-strapped it might be, but GSPC has joined the list of Indian oil companies lining up to donate funds to fight the Coronavirus pandemic.

This report learns GSPC with the help of Gujarat State Petronet, Gujarat Gas and Sabarmati Gas donated Rs52.5cr ($6.95m) on March 31 (2020) to Gujarat chief minister Vijay Rupani's relief fund. "(GSPC group managing director) Sanjeev Kumar personally went to the chief minister's office to hand over the cheque," we hear.

Of the Rs52.5cr, GSPL and Gujarat Gas each contributed Rs20cr ($2.65m), GSPC donated Rs10cr ($1.3m), and Sabarmati Gas provided Rs2.5cr ($331,000). GSPC group employees have also come forward to support the Gujarat government and donated one day's salary, adding up to Rs55 lakhs ($72,800) to the chief minister's relief fund.

"GSPC group asked employees by email to make the voluntary contribution," adds a source. Not just GSPC but the Reliance Foundation on March 26 also contributed Rs1.5cr ($199,000) in Jamnagar, the location of its refinery, to support Covid-19 relief efforts.

Of this Rs1.5cr, Reliance gave Rs50 lakhs ($66,200) each to collectors or local officials of Jamnagar and Devbhumi Dwarka and an equal sum to the Jamnagar municipal commissioner. On April 1, Reliance contributed Rs1cr ($132,000) to Surat city for the fight against Covid-19.

Anand city gas retailer Charotar Gas, known for 'not for profit' operations, also contributed Rs51 lakhs ($67,500) to the Gujarat chief minister's relief fund.