REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Dated 2025-02-18

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Chennai, February 18, 2025: REC Limited, through its CSR arm, REC Foundation, has signed a Memorandum of Association (MoA) with Sankara Eye Hospital, Pammal, Chennai wherein REC committed ₹6.00 Crore for the project ‘Eye Care for All’ – an initiative to provide support to 8,000 beneficiaries for cataract surgery.

The MoA was formalized on February 17, 2025, between Smt. Thara Ramesh, Chief Program Manager (CPM), REC Regional Office Chennai, and Wg Cdr V. Shankar (Retd), Trustee, Sankara Eye Hospital, in the presence of Shri Narayanan Thirupathy, Director (Independent), REC Limited, along with other officials from REC’s Regional Office in Chennai and Sankara Eye Hospital.

This initiative aims to restore vision and enhance the quality of life for 8,000 economically disadvantaged individuals in and around Chennai. Through this collaboration, patients will receive free-of-cost cataract surgeries, ensuring vital eye care services for those in need.

Speaking on the occasion, Shri Narayanan Thirupathy, Director (Independent), REC Limited, said, “REC Foundation is committed to empowering communities through impactful CSR initiatives. Our partnership with Sankara Eye Hospital is a significant step towards eliminating avoidable blindness and improving lives.”

ABOUT REC FOUNDATION

REC Foundation is the CSR arm of REC Limited, a Maharatna CPSE under Ministry of Power. REC Foundation has supported over 400 projects in healthcare, sanitation, clean water access, education and skill development, women empowerment, sports and environmental sustainability. With over Rs. 1,300 Crore disbursed in CSR funds, REC's cumulative commitment to CSR activities exceeds Rs. 2,000 Crore till now.

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 also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government. The Loan Book of REC stands at ₹5.65 lakh crore, Market capitalization at ₹1,31,844 crore and Net Worth at ₹76,502 crores as on 31 Dec 2024.