New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Financial Company (NBFC), has been conferred with the Silver Award in the ‘Corporate Net Zero Transition’ category at the prestigious SKOCH Awards 2025.
The award was received by Mr. Awanish Kumar Bharati, General Manager (Finance), on behalf of REC Limited. This accolade marks REC’s third ESG-related recognition in 2025, highlighting its sustained focus on environmental stewardship, responsible governance, and long-term sustainable growth.
Recognizing REC’s ESG and Sustainability Initiatives
The award celebrates REC Limited’s strategic initiatives and measurable progress in aligning its operations and financing portfolio with India’s net-zero and climate transition goals. Through proactive support for renewable energy, green infrastructure, and sustainable power systems, REC has established itself as a key enabler of the nation’s clean energy ambitions.
Mr. Bharati stated, “This recognition reflects our commitment to sustainability and our role as a catalyst for transformative change in India’s power and infrastructure sectors.”
REC’s ESG framework ensures that its financing practices go beyond traditional lending, enabling projects that drive measurable environmental impact while fostering responsible growth.
Read also: REC Limited Bags ‘Excellent’ MoU Rating for FY25, Continues Top Performance Streak for Third Year
REC’s Role in India’s Power and Infrastructure Sector
As a Maharatna CPSU under the Ministry of Power, REC is registered with the RBI as an NBFC, Public Financial Institution (PFI), and Infrastructure Financing Company (IFC). The company finances the entire power-infrastructure ecosystem, including:
Generation, Transmission, and Distribution
Renewable Energy projects
Emerging technologies such as Electric Vehicles, Battery Storage, Pump Storage, Green Hydrogen, and Green Ammonia
REC has also diversified into non-power infrastructure, supporting projects in:
- Roads & Expressways
- Metro Rail and Airports
- IT & Communication Infrastructure
- Social and Commercial Infrastructure (educational institutions, hospitals)
Ports and Electro-Mechanical works for sectors like steel and refineries
Key Government Schemes and Strategic Role
REC has been a nodal agency for multiple flagship schemes, including:
- Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA)
- Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY)
National Electricity Fund (NEF) Scheme
These initiatives have strengthened last-mile electricity distribution, enabled 100% village electrification, and supported household electrification across India.
Additionally, REC has been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS) and is entrusted with implementing the PM Surya Ghar Muft Bijli Yojana.
Driving India’s Sustainable Growth
Through awards like the SKOCH Silver in Corporate Net Zero Transition, REC Limited demonstrates its leadership in sustainable financing, environmental responsibility, and transformative infrastructure development. Its strategic interventions position the company as a key enabler of India’s green and net-zero goals, paving the way for a cleaner, more resilient energy and infrastructure sector.
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.
