REC Limited receives 2 awards at National Leadership Summit and Awards 2026
Dated 2026-03-03

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, achieved a significant milestone at the National Leadership Summit & Awards 2026, held on 27 February 2026 at the Bombay Stock Exchange, Mumbai, by receiving two prestigious national honours.

Shri Harsh Baweja, former Director (Finance) and CFO of REC Limited, was conferred the esteemed “India’s Most Influential CFO 2026” award. The honour recognises his exemplary leadership and outstanding contributions during his tenure as Director (Finance) and Chief Financial Officer from May 2024 to January 2026. Shri Harsh Baweja personally accepted the award at the ceremony.

In addition, REC Limited was awarded the India CSR Initiatives & Social Impact Award for Excellence in CSR for Healthcare Access, reaffirming the organisation’s strong commitment to inclusive growth and impactful social development. The award was received on behalf of REC by Shri Alok Singh, Chief Program Manager, Regional Office – Mumbai.

These recognitions underscore REC Limited’s leadership in financial excellence as well as its sustained efforts towards driving meaningful social impact across the country.

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.