BWI: Fullerton India Installs Micro Hybrid Wind Turbine to Power Junior School in Annur, Tamil Nadu

Press release from Business Wire India
Source: Fullerton India
Tuesday, April 02, 2013 03:26 PM IST (09:56 AM GMT)
Editors: General: Economy, People, Social issues; Business: Banking & financial services, Business services, Financial Analyst; Technology
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Fullerton India Installs Micro Hybrid Wind Turbine to Power Junior School in Annur, Tamil Nadu


Annur, Tamil Nadu, India, Tuesday, April 02, 2013 -- (Business Wire India) -- Fullerton India Credit Company Ltd, today commissioned a micro hybrid wind turbine to fulfil part of the power requirements of the KG Matriculation & Higher Secondary School at Annur, Tamil Nadu. This wind turbine of 600 W capacity along with a 250W Solar Panel will help the school run fans and lights during long power outages in the area. The installation was dedicated to the school today by Mr. Shantanu Mitra, MD & CEO of Fullerton India.

Fullerton India installed this hybrid wind & solar energy system at the Annur school, as part of its CSR initiative to spread awareness of renewable energy sources amongst children to initiate early adoption of environment friendly energy usage, amongst the community.

Said Mr. Shantanu Mitra on the occasion, "Fullerton India, is invested deeply in the development of rural India and its people and is committed to helping the community in advancing their lives and livelihoods, thus improving their incomes and standard of living."

Fullerton India is committed to promoting use of alternate energy amongst the communities it serves and has also adopted this in its own operations. Two of its rural Gramshakti branches run purely on wind and solar energy. It proposes to convert more of its 360 branch network across the country into "green" branches in the near future.

Through its network of Rural branches, Fullerton India promotes the use of Eco-friendly cook stoves, Solar lamps, solar mobile chargers and solar home energy systems. It also provides a Merchandise Loan to rural households who want to purchase any of these products.

Fullerton India Credit Company Limited is one of India's leading Non-Banking Finance Companies (NBFC). It has over 360 branches spread across 21 states in urban and rural centres. It offers several retail finance products for varying needs of customers ranging from rural households to SMEs, in the locations it serves. Fullerton India has a widespread reach in Rural India through its network of 123 rural business branches called Gramshakti, which service over 12,500 villages. Fullerton India is a wholly-owned subsidiary of Fullerton Financial Holdings, Singapore, which is a subsidiary of Temasek Holdings of Singapore.



CONTACT DETAILS
Shreya Jha, VP Marketing & CSR, Fullerton India, Shreya.jha@fullertonindia.com

KEYWORDS
ECONOMY, PEOPLE, SOCIAL, BANKING, BUSINESS SERVICES, Financial Analyst, TECHNOLOGY

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