Shri Manohar Lal Lays Foundation Stone for 1000-Seater Auditorium in UP, Supported by REC Limited CSR Initiative of ₹7.02 Crore
Dated 2025-05-30

Siddharthnagar, Uttar Pradesh: Shri Manohar Lal, Hon'ble Minister of Power & Minister of Housing and Urban Affairs, laid the foundation stone for a state-of-the-art 1000-seater Community Auditorium, in Siddharth Nagar, Uttar Pradesh. The Auditorium is being jointly funded by REC, PFC and NTPC. REC Limited, a Maharatna CPSU and a leading NBFC under the Ministry of Power, has agreed to support ₹7.02 Crore under its Corporate Social Responsibility (CSR) initiative.

The foundation stone-laying ceremony was attended by the Executive Director (CSR) of REC Limited and other senior officials, alongside enthusiastic local residents who expressed optimism about the project’s potential to energize the district’s cultural landscape.

The construction of this 1000-seater auditorium is expected to be completed within a stipulated timeframe, ensuring that the district soon benefits from a modern, inclusive space for artistic and cultural expression. The Auditorium marks a substantial advancement in the cultural and community infrastructure of Siddharthnagar district.

REC Limited has committed ₹7.02 Crore to ensure the construction of this modern facility, designed to be a vibrant hub for community gatherings, cultural programs, and educational events.

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.