REC Limited, A Government of India, Navratna Enterprise, committed financial assistance of Rs 3.08 cr under its CSR initiative for the project named AadhaR ShiLA, which aims to transform government schools by upgrading the infrastructure, introducing smart class rooms, providing play equipment along with a school library and a science/mathematics laboratory in 17 Government schools (15 of them primary, 1 high school and 1 senior secondary school).
The Memorandum of Agreement (MoA) in this regard was executed between REC Foundation and DC Kangra on 17-01-2020. Dr. S N Srinivas, CEO, REC Foundation, New Delhi and Shri Rakesh Kumar Prajapati, IAS, Deputy Commissioner, Kangra district, Himachal Pradesh signed the MoA in the presence of Shri S K Gupta, Director (Technical), REC Limited and Shri Ajoy Choudhary, ED (CSR), REC Limited.
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.