REC Wins ET Infra Leadership Award for Green Financing Projects
REC Limited, a Maharatna Public Sector Enterprise under the Ministry of Power and one of the country’s leading Non-Banking Financial Companies (NBFCs), has added another prestigious accolade to its growing list of achievements by winning The Economic Times Infra Leadership Awards 2025. This recognition celebrates REC’s steadfast contribution to India’s infrastructure sector, particularly in the rapidly expanding domain of green financing. The award highlights REC’s leadership role in supporting large-scale sustainable projects that are instrumental in shaping the country’s clean energy future.
REC was recognized in two distinguished categories for Best Infra Projects with Green Financing—the Mumbai Metro project and the 500 MW Solar Project in Anantapur. These iconic initiatives, both of which have received robust financial backing from REC, were selected for their outstanding contribution to infrastructure development, national relevance, environmental benefits, and alignment with India’s broader climate and sustainability commitments. The recognition not only acknowledges REC’s strong project portfolio but also reinforces its core philosophy of supporting infrastructure that empowers India while protecting the environment.
The award was received on behalf of REC by Mr. Kuldeep Rai, Executive Director, and Mr. Debasis Mitra, General Manager, at the second edition of The Economic Times Infra Leadership Summit and Awards. Their presence underscored REC’s continued commitment to collaborating with government bodies, developers, and investors to accelerate the growth of robust and sustainable infrastructure across the country.
Among the recognized projects, the Mumbai Metro stands as a symbol of India’s evolving urban transport landscape. The initiative was applauded for its scale and relevance in fostering sustainable urban mobility. By adopting green financing pathways, the project highlights how metro rail systems can significantly reduce vehicular emissions, traffic congestion, and dependency on fossil fuels. The Mumbai Metro project has emerged as a benchmark for low-carbon urban transport and demonstrates how strategic financial support can reinforce the development of eco-friendly infrastructure in metropolitan areas.
The second celebrated project—the 500 MW Solar Project in Anantapur—marks a major milestone in the renewable energy sector. The solar initiative represents an impressive step forward in expanding India’s renewable energy capacity and reducing the carbon intensity of power generation. With REC’s financial support, the project has contributed significantly to increasing grid-connected solar power capacity, encouraging large-scale clean power generation, and strengthening India’s position as a global leader in renewable energy adoption. Its recognition reflects the importance of green financing in realizing the country’s long-term sustainability and energy transition goals.
These accolades reaffirm REC Limited’s commanding role in driving India’s clean energy transformation. The awards underscore the organisation’s unwavering dedication to supporting infrastructure that promotes environmental stewardship while meeting national development needs. Through innovative financing mechanisms, strategic partnerships, and a strong focus on sustainability-driven investments, REC continues to contribute to low-carbon mobility, the expansion of renewable energy, and the strengthening of climate-resilient infrastructure.
Beyond these individual projects, REC’s contribution is aligned with the nation’s long-term developmental aspirations, including Viksit Bharat 2047 and India’s national and global sustainability goals. REC’s portfolio reflects a purposeful shift toward green, socially impactful, and future-forward infrastructure. From financing green transportation to renewable energy and energy-efficiency initiatives, the organisation is playing a pivotal role in supporting India’s transition to a greener, cleaner, and more energy-secure future.
As India ramps up its momentum toward sustainable economic growth, REC Limited stands out as a vital institution powering this transformation. Recognition at The Economic Times Infra Leadership Awards 2025 is not just an honour—it is a testament to REC’s leadership, vision, and commitment to nation building. With continuous contributions to strategic green infrastructure projects, REC remains a key pillar in realizing India’s progress toward an environmentally responsible and globally competitive future.