REC Limited, has been conferred with the prestigious ICPA Treasury Excellence Award in recognition of his exceptional achievements and leadership in the field of Treasury Management.
REC Limited, a Maharatna Company under the Ministry of Power, is proud to announce that Shri Awanish Kumar Bharati, General Manager (Finance), REC Limited, has been conferred with the prestigious ICPA Treasury Excellence Award in recognition of his exceptional achievements and leadership in the field of Treasury Management.
The award was presented during the National Finance Conclave and Awards 2026, held at the iconic Vigyan Bhawan, New Delhi. The honour was bestowed upon Shri Bharati by Smt. Meenakshi Lekhi, Former Minister of State for External Affairs, and Dr. Harsh Vardhan, Former Minister of Environment, Forest and Climate Change (MOEFCC), in the presence of eminent leaders from the finance, banking, and policy-making fraternity.
The ICPA Treasury Excellence Award is regarded as one of the most respected recognitions in the finance domain, celebrating professionals who demonstrate outstanding expertise, strategic vision, and impactful leadership in treasury and financial management.
REC Limited remains committed to fostering professional excellence and continues to support initiatives that strengthen India’s financial and power sector ecosystem.
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 ₹5.65 lakh crore, Market capitalization at ₹1,31,844 crore and Net Worth at ₹76,502 crores as on 31 Dec 2024.
