REC Limited Honoured at Governance Now 10th India PSU IT Forum & Awards 2025
Dated 2025-05-09

REC Limited, a Maharatna CPSU under the Ministry of Power and a leading NBFC, has been conferred with two prestigious accolades at the Governance Now 10th India PSU IT Forum & Awards 2025, held in New Delhi, in recognition of its exemplary contributions to digital innovation and technology adoption in the power sector.

Shri Rahul Dwivedi, IAS, Executive Director, REC Limited, was awarded in the Digital Transformation Leader category. The honour acknowledges his outstanding leadership and commitment towards fostering digital transformation and strengthening technological infrastructure within the power sector.

In addition, REC Limited was also felicitated under the category Best Use of Emerging Technologies, highlighting the organization’s strategic implementation of cutting-edge digital solutions to enhance efficiency, transparency, and service delivery.

These recognitions underscore REC Limited’s dedication to advancing the Government of India’s Digital India mission and its continuous efforts to modernize and innovate within the public sector landscape.

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 ₹5.66 lakh crore, and Net Worth at ₹77,638 crores as on March 31, 2025.