State-run power financier, REC Limited has bagged the Skoch Award (Gold) in the ‘Response To Covid’ category. CMD of REC Limited, Shri Sanjeev Kumar Gupta was presented with the award through a virtual ceremony. Notably, REC Limited has undertaken several measures in their corporate office and regional offices pan-India to safeguard the employees and their families. Owing to the robust IT infrastructure established by the corporation, it was able to maintain its business continuity and key operations during the pandemic induced lockdown.
REC distributed more than 4.83 lakh kilograms of food grains, 4.68 lakh meal packets, 10,007 litres of sanitizers, 4,690 PPE kits, 2,500 gloves and 87,300 masks to help combat the pandemic. Moreover, to support the frontline corona warriors, REC had also partnered with TajSATS (a joint venture of IHCL and SATS Ltd) to distribute specially-made nutritious meal packs to the medical staff in Safdarjung Hospital, New Delhi on a daily basis. Every day, 300 food packets were delivered as a gesture of gratitude to the healthcare workers in New Delhi. Overall, 49,500 meals were provided through this collaborative endeavour.
About REC Limited: REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Limited has completed over fifty years in the area of its operations. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. Its business activities involve financing projects in the complete power sector value chain; different type of projects includes Generation, Transmission, Distribution Projects, and Renewable Energy projects.