New Delhi: REC Limited has achieved an ‘Excellent’ rating in the Memorandum of Understanding (MoU) performance evaluation for the financial year 2024–25, reaffirming its strong operational and financial performance. The rating was awarded by the Department of Public Enterprises (DPE) under the Ministry of Finance, in line with the prescribed performance evaluation guidelines, the company said in a regulatory filing on Thursday.
MoU Signed with Holding Company PFC
The MoU for the year was signed between REC Limited and its holding company, Power Finance Corporation Limited (PFC). The evaluation reflects REC’s effective execution of targets and adherence to governance standards set under the MoU framework.
Consistent Top Performance for Third Year
With this recognition, REC has secured the highest MoU performance rating for three consecutive financial years, underscoring its consistency in delivering results across key performance indicators. The achievement highlights the company’s sustained focus on financial discipline, operational efficiency and strategic alignment with national priorities.
Comprehensive Performance Assessment
The MoU performance framework assesses Central Public Sector Enterprises (CPSEs) on a range of parameters, including financial results, operational efficiency, project implementation, and strategic objectives. REC’s ‘Excellent’ rating reflects its strong showing across these metrics during FY 2024–25.
About REC Limited
REC Limited is a public sector undertaking engaged in financing and promoting power sector projects across India. The company plays a critical role in supporting power generation, transmission, and distribution infrastructure, contributing to the country’s energy security and sustainable development goals.
