REC Honoured with ‘Best Employer in Diversity & Inclusion’ Award

REC Limited, a Maharatna CPSE under the Ministry of Power, was honored with the “Best Employer for Policies in Diversity & Inclusion” Award at the 4th Diversity & Inclusion Excellence Awards and Conclave organized by Assocham.

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Shri TSC Bosh, Executive Director, REC, graciously accepted the award on behalf of REC. Commenting on the achievement, Shri Bosh stated, “We are honored to receive this award, which reflects REC’s ethos of inclusivity and our ongoing efforts in creating a workplace that values diversity. This recognition motivates us to continue championing diversity and inclusion in every aspect of our organization.”

Reasons Behind the Honour

REC Limited Honoured with the ‘Best Employer in Diversity & Inclusion’ Award

The award ceremony marked a significant moment for REC, acknowledging the company’s steadfast commitment to fostering diversity and inclusion on a national platform. This recognition stands as a testament to REC’s exceptional practices in formulating inclusive policies that go beyond conventional norms. The company’s unwavering dedication to embracing diversity across its workforce is reflected in these thoughtful policies, setting a commendable standard in the industry.

The ‘Best Employer for Policies in Diversity & Inclusion’ award specifically highlights REC’s commitment to creating a workplace that not only acknowledges differences but actively celebrates them. REC’s policies aim to foster innovation and ensure equal opportunities for all employees, creating an environment that encourages diversity.

The HR policies at REC are not only conducive but also employee-friendly, playing a pivotal role in achieving this prestigious milestone. This award signifies REC’s ongoing efforts to make a positive impact on its workforce, promoting a culture of inclusivity and equality.

Other Awards Recently Received by REC Limited

In recent achievements, REC Limited received the prestigious ‘Golden Peacock Award’ for exceptional performance in risk management, presented by the Institute of Directors (IOD). Furthermore, the company was honored with the ‘Best Central PSU’ Award in the Financial Services category at the Dun & Bradstreet PSU Awards 2023. These recognitions highlight REC’s excellence in risk management and its position as the best central public sector undertaking in the financial services sector.

About REC Limited

REC Limited, a Non-Banking Financial Company (NBFC), specializes in providing financial support for the development and growth of the power sector across India. Established in 1969, REC Limited has a rich history spanning over half a century. It plays a crucial role in offering financial assistance to various entities, including state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. The loan book of REC exceeds Rs 4,74,275 Crore.

The scope of REC’s business activities encompasses financing projects throughout the entire power sector value chain, covering a range of project types, such as Generation, Transmission, Distribution, and Renewable Energy. Notably, REC’s funding contributes to illuminating approximately every fourth bulb in India, underlining its significant impact on the nation’s power sector. In addition to its core power sector financing, REC has recently expanded its focus to include financing in the infrastructure and logistics sector. This diversification reflects REC’s commitment to supporting key sectors critical for India’s development.

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