REC Limited has partnered with the Unit of Science and Educational Development (UNISED) to support the education of around 75,500 children of Siddharthnagar district, Uttar Pradesh.

Banking & Finance

REC Limited has partnered with the Unit of Science and Educational Development (UNISED) to support the education of around 75,500 children of Siddharthnagar district, Uttar Pradesh. REC has entered into this partnership through its Corporate Social Responsibility arm REC Foundation. REC has committed a financial assistance of Rs9.91 crores towards this noble cause. The Memorandum of Agreement (MoA) between REC Foundation and UNISED has been signed during a ceremony held in New Delhi. The agreement was finalized by Head of CSR at REC Foundation, Bhupesh Chandolia and Assistant Programme Director at UNISED, Rashmi Kumari, thus helping solidify UNISED’s commitment to improving educational opportunities for underprivileged children. As part of this collaboration, UNISED will implement solar energy-operated smart classes and establish joyful learning resource labs in government schools across Siddharthnagar district.


      REC Foundation, has demonstrated unwavering support for the education of 12,500 children of ex-servicemen, making a contribution of Rs15 Crores to the Armed Forces Flag Day Fund.

      REC is a 'Maharatna' Central Public Sector Enterprise under the Ministry of Power, and is registered with RBI as Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC).

      The loan book of REC stands at Rs4.97 Lakh Crores and Net Worth at Rs64,787 crores as on 31st December, 2023.

 

     


REC Limited

Founded- July 1969
HQ- New Delhi
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