Press Release

Trimex Sands allocates Rs 50 Crores for welfare activities to the district of Srikakulam

22nd June 2012: SRIKAKULAM: Trimex Sands Private Limited today announced 50 crore donation for the social welfare activities in Gara and Vajarapukotturu mandals, in the district of Srikakulam as part of its Corporate Social Responsibility. The company will allocate Rs.50 crore for the next five years; Rs.10 crore will be donated every year under the 'Koneru Prasad Charitable Trust', which has already initiated many welfare programmes in the Gara mandal.

The Director and CEO, C.V.G.K. Murty and other senior officials from Trimex Sands Private Ltd, submitted the letter of commitment to the Srikakulam Collector Sri. G. Venkatram Reddy today, explaining the company's aim to improve socio-economic conditions in the identified Mandals.

The collector appreciated the initiative and assured the company that a committee will be constituted to work out an action plan to identify both the needs of the specified mandals involving all concerned special officers, panchayat sarpanches, Grama Sabhas, etc., in order to ensure a fruitful and a meaningful utilization of the funds donated.

"We are honoured to make this Rs 50 crore commitment as we seek to improve quality of life and ensure sustainability in Srikakulam. We are certain that the allocated Rs.50 crore will benefit several villages of Gara and Vajrapukotturu mandals and improve their civic infrastructure, medical and health facilities. We hope the government would also extend necessary help in achieving our goals to transform the identified areas as model villages," stated Ch. V G K Murty Director and CEO- Trimex Sands Pvt Ltd.

Trimex Sands Private Limited (TSPL) as a part of its Corporate Social Responsibility, has already pioneered several welfare activities in the district. TSPL has provided direct and indirect employment to more than 2500 people, established health care facilities in villages, built poly-clinics, all weather roads, arranged water supply and electricity to the villages, built temples and donated generously for the renovation of several village schools and temples, including Srikurmam Temple. Trimex is also actively engaged in the improvement of child and adult illiteracy programs, development of sports in the villages and unlocking entrepreneurial potential of the local people so that they take charge of their financial destiny.

Trimex Group takes a holistic, integrated approach to business that focuses on the long-term picture, comprehensive development, social justice and sustainability. The group's goals are aligned with larger societal goals, such as infrastructure development, creating job opportunities and attracting further investment.

Mr. Pradeep Koneru is the Managing Director of Trimex Sands Pvt Ltd.

For futher details please contact : Mr.Ramachandra Rao, VP (Corporate affairs), Phone No: +91 70329 23234