REC Limited Commits Rs. 14 Crore under CSR for Advanced Cancer Treatment in Uttar Pradesh
Dated 2024-12-27

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Sevarth Sansthan Seth Bimal Kumar Jain Trauma & Physiotherapy Dharmarth Samiti (SSB) under its Corporate Social Responsibility (CSR) initiative to provide financial assistance of Rs. 14 crore for the procurement of Linear Accelerator (LINAC) machine in Trauma Centre established by SSB in Firozabad District of Uttar Pradesh.

The agreement was signed on 27th December 2024 by Shri Pradeep Fellows, Executive Director, CSR, REC and Shri P. K Jindal, President, SSB. The ceremony took place in the presence of Shri Vivek Kumar Dewangan, Chairman and Managing Director, REC Limited.

A Linear Accelerator, also referred to as LINAC, is suitable for treating all modes of cancer treatment. LINACs help cancer specialists treat cancers of the brain, spine, head and neck, lung, breast, oesophagus, stomach, rectum, uterus, prostate, bladder, liver, and bones.

The commitment aligns with REC’s CSR objectives of promoting health and well-being among communities. This project reinforces REC’s commitment to nation-building and creating a healthier future for all. REC continues to support impactful projects in the areas of healthcare, education, rural development, and environmental sustainability.

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 ₹5.46 lakh crore and Net Worth at Rs. ₹72,893 crores as on 30^th September, 2024.