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Thursday, September 24th, 2020

REC awarded Dalaal Street - PSU Award 2013

Photograph_REC_DSIJ_PSU Award 2013INVC,
Delih,
REC was conferred with Dalaal Street Investment Journal (DSIJ) PSU Award 2013 in the "Best Value creating Navratna - with a Balance Sheet of more than 1 lakh Crore" category.  The award was received by Shri. Rajeev Sharma, CMD, REC from the Chief Guest, Shri T K A Nair, Adviser to Hon’ble Prime Minister of India, in the presence of Padma- Shri Dr.Pritam Singh, Director General, International Management Institute, New Delhi. CMD, REC in his acceptance speech praised the efforts put in by the employees of REC in achieving such heights. The efforts put in by REC for the implementation of RGGVY (Rajiv Gandhi Grameen Vidyutikaran Yojana) scheme was found a special mention in his address. He also mentioned that REC has sanctioned loans of the order of Rs.70,658 Crores and disbursed an amount close to Rs.35,546 Crore, meeting the targets during the financial year 2013-14. Shri T K A Nair, in his address to the dignitaries at the event, further complemented REC for its outstanding role in the implementation of RGGVY Scheme. The Chief Guest lauded the targets achieved by REC in implementing the RGGVY scheme, which particularly is difficult considering the external factors such as geographical, demographic and environmental constraints. RGGVY is a flagship program of Government of India targeted at 100% rural electrification and free electricity to all BPL households, REC is the nodal agency for the scheme.

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