REC Limited, a Maharatna CPSE under the Ministry of Power and a leading Non-Banking Financial Company, has contributed ₹20 crore through its CSR arm, REC Foundation, to the Armed Forces Flag Day Fund (AFFDF). The grant will support the education of 16,667 children of ex-servicemen, martyrs, and war widows from the Army, Navy, and Air Force.
The contribution was formalised through a Memorandum of Agreement signed between Shri Pradeep Fellows, Executive Director (CSR), REC Limited, and Brigadier D.S. Basera, Secretary, Kendriya Sainik Board, in New Delhi.
In the past two financial years, REC Foundation has extended ₹30 crore in support to the AFFDF. This initiative reiterates REC’s long-standing commitment to nation-building and social equity through meaningful CSR initiatives.
About REC LIMITED
REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.
REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government. The Loan Book of REC stands at ₹5.66 lakh crore, and Net Worth at ₹77,638 crores as on March 31, 2025.
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