REC Limited achieves ‘excellent’ MoU rating for FY 2024–25
These parameters are carefully benchmarked against past performance, future projections, sectoral standards, and the vision of the administrative ministry i.e Ministry of Power.
These parameters are carefully benchmarked against past performance, future projections, sectoral standards, and the vision of the administrative ministry i.e Ministry of Power.
In the category of Resilience in Action Award, REC was conferred the Silver Award for ‘Cyber Defense & Resilience’.
REC Limited and RECPDCL win top awards at D&B 17th PSU & Government Summit 2025, recognising excellence in financial services and power transmission.
Shri Jitendra Srivastava, Chairman & Managing Director chaired the meeting and was attended by all the Directors on the Board of the Company. Many shareholders were present at the meeting through Video Conferencing.
Aided by growth in profits, the Net Worth has grown to Rs 72,351 crore as on 30th June 2024, registering an increase of 19 per cent YoY.
The Capital Adequacy Ratio of the company stands at a comfortable 25.78 per cent as on March 31, 2023, implying ample opportunity to support future growth.
Earlier, the post was held by REC Director (Finance) Ajeet Kumar, who was superannuated on May 31 earlier this year.
