REC Limited Commits Rs. 2.92 Crore Under CSR to Enhance ITBP Medical Infrastructure
Dated 2024-12-30

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Indo-Tibetan Border Police (ITBP) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 2.92 Cr. for the procurement of medical equipment/items in the field hospitals of ITBP (Indo-Tibetan Border Police), Ministry of Home Affairs for the benefit of the force personnel, their families, dependents, Ex-CAPF & civilian population at Leh (2 nos.), Narayanpur in Chhattisgarh (1 no.), Itanagar in Arunachal Pradesh (1 no.), Dehradun in Uttrakhand (1 no.) & Lucknow in Uttar Pradesh (1 no.), to be implemented by REC Foundation.

The agreement was signed on 30th Dec. 2024 between Shri Pradeep Fellows, Executive Director, CSR, REC and Shri S.C Mamgain, Inspector General (Admin), ITBP.

At the event, Shri Pradeep Fellows shared his thoughts and said “By addressing the unique healthcare needs of these regions, we are not only supporting the brave ITBP personnel but also fostering a healthier, more resilient community. This initiative is a testament to our commitment to improving the lives of those who serve and protect us, as well as the communities they live in and thus make a meaningful difference in the health and well-being of these remote and often overlooked areas,”

The procurement and installation of advanced medical equipment in ITBP field hospitals at locations such as Leh, Itanagar, Dehradun, Lucknow, and Naryanpur will significantly enhance healthcare delivery. This initiative will enable faster diagnostics, better patient care, and timely medical interventions, especially in high-altitude and underserved areas, including those residing in Naxalite areas.

Approximately 1,50,000 ITBP personnel and local civilians will benefit from these upgraded facilities. The improvements will reduce patient wait times, enhance critical care, and ensure the continuity of essential medical services. This means that both ITBP personnel and the local communities will have access to the quality healthcare they deserve, bringing peace of mind and better health outcomes to those living in these challenging environments.

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.