REC Limited Wins ‘Best Design Thinking Award’ At 5th Distinguished NBFC (DNA) Awards

REC Limited, a leading NBFC and a Maharatna Central Public Sector Enterprise under the Ministry of Power, has been conferred with the ‘Best Design Thinking Award’ at the 5th DNA Awards organized by Banking Frontiers.

This prestigious recognition has been awarded to REC for its innovative digital initiatives in Retail Bonds, reflecting the company’s commitment to leveraging technology & design thinking for enhancing customer experience and service delivery.

Shri Jitendra Srivastava, CMD, REC Limited extended his heartfelt congratulations to the entire finance team, appreciating their dedication and outstanding contribution in driving digital innovation. Shri Harsh Baweja, Director (Finance) and Senior Officers of the organization were also present to celebrate the achievement.

Management emphasized the importance of fostering a culture of innovation, excellence, and forward-thinking across all levels of the organization, encouraging employees to continue setting benchmarks in the financial sector.

The award was received by Shri Alok Singh, GM and CPM (Mumbai) along with officials from Finance Team.

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.