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REC Limited Honored with ‘Sustainability Champion – Editor’s Choice Award’ at Outlook Planet Sustainability Summit & Awards

New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has been awarded the prestigious ‘Sustainability Champion – Editor’s Choice Award’ at the Outlook Planet Sustainability Summit & Awards 2024. The award ceremony, organized by the Outlook Group in collaboration with IIT Goa, recognized REC’s outstanding commitment to sustainability initiatives…

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REC Limited to Establish Wholly Owned Subsidiary in GIFT City, Gujarat

New Delhi: REC Limited, a prominent Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Financial Company (NBFC), has received a ‘No Objection Certificate’ (dated May 3, 2024) from the Reserve Bank of India, paving the way for the establishment of a wholly owned subsidiary in the International Financial Services…

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REC Limited Signs ₹1,869 Cr Agreement with Chenab Valley Power Project for Kiru Hydro Electric Project

New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise and prominent Non-Banking Financial Company (NBFC) under the Ministry of Power, has forged a significant agreement with Chenab Valley Power Project Private Limited (CVPPPL) to provide financial assistance for the development, construction, and operation of the Greenfield 4 x 156 MW Kiru Hydro Electric Project…

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RECPDCL Hands Over Special Purpose Vehicles for Power Transmission Projects

New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has achieved a significant milestone in the realm of power transmission projects by handing over two project-specific Special Purpose Vehicles (SPVs) to successful bidders. The first SPV, named Kallam Transco Limited, has been established for the “Western Region Network Expansion Scheme…

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REC Limited Receives Prestigious SKOCH ESG Award 2024 for Renewable Energy Financing

New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a prominent Non-Banking Financial Company (NBFC), has been honored with the esteemed SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category. The recognition highlights REC’s unwavering commitment to sustainable financing practices, marking a significant stride towards a greener…

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REC Limited Signs MoU with Government of Rajasthan for Rs 20,000 Crore Annual Financing

Jaipur: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has inked a Memorandum of Understanding (MoU) with the Government of Rajasthan to provide financial support to various power and non-power infrastructure projects. Under this agreement, REC Limited commits to offering loans amounting to Rs 20,000 crores annually for the next…

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REC Limited Facilitates Workshop on Revamped Distribution Sector Scheme’s Web Portal

Gurugram: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, organized a workshop at its corporate office in Gurugram to acquaint stakeholders with the Revamped Distribution Sector Scheme (RDSS) module of the Integrated Web Portal for Power Sector Distribution Schemes. The workshop brought together representatives from state DISCOMs, Program Management Agencies…

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REC Limited Contributes Rs. 15 Crores to Armed Forces Flag Day Fund for Education of Ex-Servicemen’s Children

New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a prominent Non-Banking Financial Company (NBFC), has demonstrated its commitment to social responsibility by contributing Rs. 15 crores to the Armed Forces Flag Day Fund through REC Foundation, its CSR arm. The generous donation will be utilized to support…

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