REC Foundation, the CSR arm of the Navratna Central Govt. PSU REC Limited, signed a memorandum with Munderi Government Higher Secondary School, Munderi, Distt- Kannur, Kerala extending CSR support of Rs.2.7 crore on construction of kitchen and dining hall in Government Higher Secondary School (GHSS). The project is aimed at building up the state owned Munderi Government Higher Secondary School as unique model which offers, excellent quality, efficient, holistic and free of cost educational opportunity to students in the area and thereby encouraging student community in the nearby areas to enroll in the school, realizing the concept of neighborhood education. In 18 months’ time, the project will benefit more than 1000 students in the area.
The agreement was signed on 6th January 2020 between Shri S N Srinivas, CEO, REC Foundation and Shri Chandran V, District Panchayat Office, Kannur, Kerala in presence of Shri Ajeet Kumar Agarwal, CMD, REC, Shri Ajoy Choudhury, ED Finance & CSR, REC Limited and Shri K K Ragesh, Honorable Member of Parliament.
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.