Indian Red Cross Society felicitates REC Foundation with 'CSR Award of Appreciation'

Chandigarh(The Uttam Hindu): Recognizing its exceptional contribution to healthcare accessibility and community welfare, the Indian Red Cross Society has conferred the ‘CSR Award of Appreciation’ upon REC Foundation, the CSR arm of REC Limited.

The honour was presented by Shri Gulab Chand Kataria, Hon’ble Governor of Punjab, to Shri Pradeep Fellows, Executive Director (CSR), REC Limited.

REC Foundation’s continuous efforts to deliver quality healthcare through Mobile Medical Units (MMUs) underscore its unwavering commitment to improving the lives of people in the nation’s most remote and underserved regions.

Through its CSR initiatives, REC continues to promote inclusive growth and equitable access to essential services, reaffirming its dedication to nation-building and community empowerment.

About REC LIMITED

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS). Additionally, the Central Government has entrusted REC with the responsibility of implementing the PM Surya Ghar Muft Bijli Yojana.