IndusInd Bank installs rooftop solar panels at Sri Sathya Sai Sanjeevani Hospital, Navi Mumbai

IndusInd Bank, as part of its CSR commitments, has installed rooftop solar panels at the Sri Sathya Sai Sanjeevani Hospital in Kharghar, Navi Mumbai.

According to the Pune-based commercial banking company, the installation is a large scale grid solar photovoltaic (PV) system that will produce around 300 kilowatt peak (kwp) of energy. The system will offset carbon emission by more than 340 metric tonnes.

IndusInd Bank said that the solar PV system will help Sri Sathya Sai Sanjeevani Hospital save close to INR 60 lakhs annually towards energy consumption, which will be used for providing free of cost cardiac surgeries to 40 children with congenital heart diseases, said the banking group.

Roopa Satish — Head – Corporate and Investment Banking, CSR ad Sustainable Banking, IndusInd Bank said: “We at IndusInd Bank understand that our sphere of influence goes beyond the financial eco-system and that as an organization, we are committed towards the upliftment of the economy, society, and the environment in equal measures.

“The installation of solar panels at the Sri Sathya Sai Sanjeevani Hospital reaffirms our commitment towards helping the hospital reduce its carbon footprint significantly on one hand, while also facilitating surgeries for children with cardiac ailments on the other. The Bank has always considered it an honour to contribute, and be a partner of choice for such noble causes, and shall continue to do so in the future.”

The solar panel installation at the Sri Sathya Sai Sanjeevani Hospital is part of IndusInd Bank’s CSR initiative – ‘Institutions on Solar’, which is being executed in collaboration with the Centre for Environmental Research and Education (CERE) as its implementing partner.

Under the program, IndusInd Bank is said to have completed roof top solar installations at 14 schools/institutions during FY20. The installations are projected to generate solar power of 69 lakh units over a period of 25 years, said the bank.