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Business News/ Companies / News/  L&T sets aside 500 crore per month to support 1.6 lakh contract workers
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L&T sets aside ₹500 crore per month to support 1.6 lakh contract workers

The contract workers are being paid their wages and are provided with basic amenities at their labour camps
  • L&T has announced a donation of ₹150 crore towards PM CARES Fund
  • File photo. (Photo: Reuters)Premium
    File photo. (Photo: Reuters)

    MUMBAI: Construction giant Larsen & Turbo Ltd (L&T) has set aside 500 crore per month to support its 1,60,000 contract workers amid reports of exodus of migrant workers for their homes during the 21-day lockdown.

    The contract workers are being paid their wages and are provided with basic amenities at their labour camps, "...while maintaining the COVID-19 prevention and containment protocol", said L&T in the press statement.

    The company said it has maintained hygiene and waste management, and initiated catering and preventive measures such as social distancing at the labour camps.

    The commitment from a corporate comes amid the exodus of migrant workers from constructions sites in metros such as Mumbai, Delhi, Kolkata and Bengaluru following concerns over payments, food and accommodation.

    "We are helping India's fight against COVID-19 by way of immediate funding and through a range of welfare initiatives including converting our training schools into isolation centres," said AM Naik, Group Chairman, L&T.

    L&T has announced a donation of 150 crore towards PM CARES Fund, set up to fight the covid-19 pandemic.

    The company is also remitting wages to workmen and contractors into their bank accounts.

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    ABOUT THE AUTHOR
    Jayshree P Upadhyay
    Jayshree heads a team of reporters focussing on legal, regulatory, investigative stories. She has worked for over a decade, reporting on financial scams, legal stories and the intersection of corporate and regulatory issues. She is based in Mumbai and has previously worked with Business Standard, Mint, The Morning Context and Bloomberg TV India.
    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
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    Published: 30 Mar 2020, 01:56 PM IST
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