GMR donates Rs 1,540cr to charity

Hyderabad: The GMR group’s chairman, Mr G.M. Rao, has donated Rs 1,540 crore, equivalent to his entire personal share in the company, to the GMR Varalakshmi Foundation, the company’s non-profit based arm set up to serve the underprivileged sections of society. Speaking on the occasion, Mr Rao said, “Since my initial years in business, I have always believed that we have a responsibility to give back to society in which we thrive and to which we owe our success.”
Regarding the signing of legal documents pertaining to the family, Mr Rao said, “It has been a long journey and a most satisfying one to see one’s vision of building an institution in perpetuity coming to fruition. Personally, it is even more satisfying than winning the bid for making India’s most iconic project, the Delhi T3 (airport terminal).
22/03/11 Deccan Chronicle

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Categories: Airports Mar 2011