Tatsat Chronicle Magazine

Asian Healthcare Foundation gets ₹2 crore CSR fund from Cyient

October 28, 2021

Cyient Limited has donated Rs. 2 crore to the Asian Healthcare Foundation (AHF)

The Cyient Foundation, the CSR arm of engineering and manufacturing solutions firm Cyient Limited, has made a donation to the Asian Healthcare Foundation of Rs 2 crore (AHF). The award, which will be given over four years, will assist the AHF in developing “new healthcare solutions through its basic science and research facilities affiliated with the Asian Institute of Gastroenterology (AIG).”

According to a Cyient statement, the AHF is recognised by the Department of Scientific and Industrial Research as a “scientific and industrial research organisation.” Dr. BVR Mohan Reddy, Founder Chairman of Cyient, commented on the announcement, saying, “As Cyient celebrates its 30th anniversary of excellence, we are reaffirming our commitment to all stakeholders to Design Tomorrow Together. Our CSR team is dedicated to supporting social innovation while Cyient is focused on providing technology innovation to clients. I’m glad that we’ll be able to help AHF expand its innovative programmes in order to help our communities live healthier lives in the future.”

Dr. D. Nageshwar Reddy, Chairman, Asian Healthcare Foundation and AIG Hospitals, said of the Cyient Foundation’s contribution, ” “Support from organisations like the Cyient Foundation will go a long way toward assisting us in developing cutting-edge healthcare solutions and conducting critical medical research. This will have a far-reaching impact, allowing us to reach out to and aid underserved populations.” Cyient Limited’s stock last traded at Rs. 1167.65 on the BSE, down from Rs. 1209.55 the day before. A total of 30097 shares were moved in approximately 2768 deals during the day. The stock traded at a high of Rs. 1219.85 and a low of Rs. 1150.15 during the day. During the day, the total net turnover was Rs. 35751294.00.

Cyient (CYIENT, NSE: CYIENT) is a global engineering, manufacturing, and digital technology solutions company that was founded in 1991. For major organisations all over the world, we are a Design, Build, and Maintain partner. We help our customers in a variety of industries use technology creatively to solve real-world challenges and stay ahead of the curve.