Bajaj Auto has announced a contribution of Rs 200 million for the prime minister national relief fund. The company has contributed this amount to provide relief efforts in the flood ravaged areas in Jammu & Kashmir. Over 200 persons have been killed in the worst floods to have devastated the northern state in a century.
Rahul Bajaj, chairman, Bajaj Auto stated, ''The state of Jammu and Kashmir has seen unforeseen disaster and damage to property and infrastructure worth crores of rupees. We feel the grief of our fellow citizens in the state and they need our help at this critical time to come out of this tragedy and to rebuild their lives. Our prime minister Narendra Modi has made an appeal to all Indians to donate to the PM's national relief fund for the affected people in the region. We would like to join the government's effort to help in relief operations in flood-ravaged Jammu & Kashmir and provide all support to the affected countrymen in the state.''
Shares of the company gained Rs 49.95, or 2.16%, to trade at Rs 2,365.10. The total volume of shares traded was 12,139 at the BSE (1.15 p.m., Thursday).