REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MOA) with THDC India Limited (THDCIL) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 3.97 crore for the development of an Olympic-size swimming pool at the THDCIL Water Sports High Performance Academy of Canoeing & Kayaking in Koteshwar, Tehri (Uttarakhand).
The agreement was successfully signed on Friday between Shri Pradeep Fellows, Executive Director, CSR, REC, and Shri Amardeep, General Manager, THDCIL and President, SEWA THDC. The ceremony was graced by the esteemed presence of Shri Vivek Kumar Dewangan, Chairman and Managing Director, REC Limited; Shri Harsh Baweja, Director (Finance), REC; and Shri Shallinder Singh, Director (Personnel), THDCIL, reflecting the unwavering commitment of these leaders to advancing sports development in India.
The forthcoming state-of-the-art swimming pool facility is a remarkable initiative that aims to nurture and train national-level athletes for international competitions in canoeing and kayaking. This visionary project will play a pivotal role in elevating India’s stature in water sports globally, fostering a new generation of athletes ready to make a mark on international platforms.
This collaboration is a testament to REC’s steadfast dedication to fostering sports infrastructure and empowering athletes across the nation. It perfectly aligns with REC’s overarching mission to drive excellence and ensure holistic development in India’s sports ecosystem. By enabling opportunities for Indian athletes to hone their skills, this initiative creates pathways for global recognition and success in competitive sports.
REC Foundation’s remarkable legacy speaks volumes of its impact, having championed over 400 projects spanning healthcare, sanitation, clean water access, education, skill development, women empowerment, sports, and environmental sustainability. With more than Rs. 1,300 Crore disbursed in CSR funds and a cumulative CSR commitment exceeding Rs. 2,000 Crore, REC continues to set benchmarks in nation-building through its far-reaching and transformative initiatives.
This partnership stands as a shining example of visionary leadership and collective dedication, underscoring REC’s continued role in shaping a brighter, more empowered future for India’s sporting talent.
