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REC Limited Earns Accolade as 'Best Central PSU' at Dun & Bradstreet PSU Awards 2023

October 11, 2023. By News Bureau

REC Limited, a prominent Maharatna CPSE operating under the Ministry of Power, has been honored with the prestigious title of 'Best Central PSU' in the Financial Services category at the esteemed Dun & Bradstreet PSU Awards 2023.

The recognition was accepted by Executive Director Shri T S C Bosh on behalf of REC Limited.

This accolade marks another notable achievement for REC Limited, showcasing its unwavering commitment to business excellence.

REC Limited stands as one of the nation's largest NBFCs, with an extensive lending footprint across the entire power sector value chain.

The company has also set its sights on expanding into the Non-Power Infrastructure and Logistics sector. In Q1 FY24, REC Limited's Loan Book reached INR 4.54 Lakh Crore, while the Net Worth surged to INR 60,886 Crore. As part of its vision, the company aims to increase its involvement in the Renewable Energy sector tenfold by 2030.

Furthermore, REC Limited has recently ventured into the Non-Power Infrastructure and Logistics sector, achieving a significant milestone of INR 1 Lakh Crore in Loan Sanctions.

Recognizing the pivotal role of the infrastructure sector in India's development, REC Limited is resolutely committed to contributing to the nation's bright future, in line with the Amrit Kaal vision.

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