REC Limited Wins ASSOCHAM CSR and Sustainability Award 2024 for Excellence in Providing Support to Healthcare
Dated 2025-06-23

Hyderabad: REC Limited, a Maharatna CPSU and a leading NBFC under the Ministry of Power, Government of India, has been conferred with the ASSOCHAM CSR & Sustainability Award 2024 in the category of ‘Excellence in Providing Support to Healthcare.’

The award was presented during the 6th edition of the ASSOCHAM CSR and Sustainability Conference and Awards held in Hyderabad. Shri Anjan Lahiri, Senior GM and HoD (REC Foundation), accepted the award on behalf of REC from the Hon’ble Deputy Chief Minister of Telangana, Shri Mallu Bhatti Vikramarka.

This recognition underscores REC’s unwavering commitment to strengthening the healthcare sector through its impactful CSR initiatives driven by its dedicated CSR arm, REC Foundation.

Notably, REC was also honoured last year by ASSOCHAM for its outstanding CSR contributions in Aspirational Districts, with a special focus on initiatives for Divyangjan. Further affirming its leadership in the CSR domain, REC has been ranked 4th for CSR Contribution among all CPSUs in India, as per the Public Enterprise Survey Report 2023-24 published by the Department of Public Enterprises (DPE).

REC continues to drive meaningful social change, guided by its core philosophy of empowering communities across India for a sustainable and inclusive future.

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.