REC Limited (Formerly Rural Electrification Corporation Limited), A Govt. of India Navratna Enterprise, committed CSR assistance of Rs. 18.35 crore for the project “Infrastructure development of Pandit Ram Sumer Shukla Smriti Govt. Medical College, Udham Singh Nagar, Uttarakhand”, to be implemented by the District Magistrate, Udham Singh Nagar through its CSR arm, REC Foundation. The objective of the project is to complete and operationalize the 300 bedded hospital cum medical college to serve over 15 lakh people of Udham Singh Nagar and other surrounding districts.
The Memorandum of Agreement (MoA) in this regard was executed between REC Foundation and DM, USN in New Delhi on 31/01/2020. Dr S.N Srinivas, CEO, REC Foundation on behalf of REC Foundation and Dr. Neeraj Kherwal, District Magistrate, Udham Singh Nagar signed the MoA in presence of Shri S.K Gupta, Director (Technical) REC Limited, Shri Ajoy Choudhury, ED (Finance & CSR), REC Limited and other officials of REC.
About the Company:
REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna NBFC and Infrastructure Finance Company (IFC) focusing on Power Sector Financing and Development across India. 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.