4 countries launch $134 m project to eliminate use of mercury in medical devices
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Dr. Reddy’s Laboratories Ltd spent 2.05% on Corporate Social Responsibility (CSR) as percentage of Profit after Tax (PAT) in FY2018-19.
The total PAT of the company is Rs 1277.3 crore in FY2018-19.
The net profit of the company increased 92% to Rs 1879.5 crore in FY2019. This represents a Profit after Tax (PAT) margin of 12.2% of revenues versus 6.9% in FY2018.
The company focuses on specific CSR initiatives that support social development and the implementations of these programs are carried out through various partner organisations.
The company works primarily in the areas of education, livelihood and health.
The company has a board-level CSR committee consisting of Bharat N Doshi as chairman, G V Prasad and K Satish Reddy.
The company’s CSR policy provides a constructive framework to review and organize social outreach programs.
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