REC Limited

REC, a 'Maharatna' company under the Ministry of Power, Govt. of India, is a leading NBFC & PFI, financing power and infrastructure projects across the nation.

About

REC, a 'Maharatna' company under the Ministry of Power, Government of India, is a premier Non-Banking Financial Company and Public Financial Instituti Read more on. It plays a pivotal role in financing power and infrastructure projects across the country, driving development and growth in the sector.

REC is committed to balancing economic, environmental, and social priorities by supporting projects that reduce its carbon footprint and promote sustainable growth. Its CSR initiatives focus on sanitation, healthcare, skill development, women empowerment, environmental sustainability, and rural infrastructure.

CSR Policy

https://recindia.nic.in/uploads/files/REC-CSR-Policy-07-12-2021.pdf

Grant Value

2021-22

Grant Value

Rs. 1,676,200,000

CSR Budget

Rs. 1,672,200,000
2022-23

Grant Value

Rs. 2,099,500,000

CSR Budget

Rs. 2,022,500,000
2023-24

Grant Value

Rs. 2,473,100,000

CSR Budget

Rs. 2,421,600,000

Vision & Mission

Vision

To act as a competitive, client-friendly and development-oriented organisation for financing and promoting projects covering power generation, power conservation, power transmission and power distribution network in the country.
Mission

To facilitate availability of electricity for accelerated growth and for enrichment of quality of life of rural and urban population.

Geographical Coverage

Andhra Pradesh

Tamil Nadu

West Bengal

Assam

Bihar

Delhi

Haryana

Himachal Pradesh

Jharkhand

Kerala

Madhya Pradesh

Maharashtra

Manipur

Nagaland

Rajasthan

Uttar Pradesh

Uttarakhand

Odisha

Ladakh

Chandigarh

Gujarat

Mizoram

Punjab

Meghalaya

Jammu and Kashmir

Organisations Supported

Programs

People

Description

REC emphasizes the importance of a strong and mutually beneficial relationship between an organization and the community. The impact of CSR activities is most evident at the local level in social, economic, and environmental terms.

Through REC Foundation, the organization actively contributes to community development. Its various programs focus on education, skill development, health, sanitation, access to safe drinking water, rural and urban infrastructure development, and women’s empowerment.

Over the past ten years, REC Foundation has made a significant impact on communities through its initiatives. These programs align with national development goals and global Sustainable Development Goals, leading to reductions in poverty and hunger while promoting education, good health, and overall well-being.

Cause

States

Demographics

Impact

People provided with aids and devices 64000

People screened for cancer 229000

Meal packets distributed 468000

Children provided cochlear implants 100

Doctors and nurses trained in maternal care 1000

Blood bank facilities upgraded 3

Mobile health clinics supported 30

Operation theatres equipped to support Leprosy affected patients 3

Health centers upgraded 15

Workers provided with ration during COVID-19 10000

Cold chain equipment supplied to store vaccines 189

Litres of sanitizers distributed 10007

PPE kits distributed 4690

Gloves distributed 2500

Masks distributed 87300
Power

Description

In alignment with national objectives, skill development is essential for a country's economic growth and social progress. Sustainable development cannot be achieved without including a significant portion of the population. Recognizing this, REC Foundation is actively working to provide a platform for women to pursue commercial ventures. Its women empowerment programs focus on enhancing their capabilities and transforming them into successful entrepreneurs.

Another key focus area is education, which is fundamental to harnessing human potential and serves as a driving force in national development. REC Foundation supports various programs aimed at improving learning outcomes, strengthening educational infrastructure, and empowering both students and teachers.

Cause

States

Demographics

Impact

Youth trained 46000

Women trained 10000

Teachers trained 2362

Artisans in Varanasi trained to work on solarized charakas and looms 1000

Girls provided accomodation 300

Children of migrant workers provided education 462

Schools provided with safe drinking water facility 600

Schools upgraded 715

Anganwadis converted to preschools 500

Toilets constructed in Government schools 12500
Planet
Description

Rural sanitation is a key focus area and an integral part of its CSR initiatives. Recognizing that poor sanitation practices are a primary cause of health issues in rural areas, the company's CSR strategy aligns with government schemes such as the Swachh Bharat Mission-Gramin (SBMG) and Swachh Vidyalaya Abhiyaan, among others. These initiatives aim to uplift rural communities, raise awareness among the youth, and encourage the adoption and maintenance of proper hygiene and sanitation practices.

These projects are designed to reduce open defecation, promote hygienic practices, increase school enrollment and attendance, and decrease dropout rates, particularly among girls. The company remains committed to supporting projects that protect the environment and enhance the quality of life in rural communities, ensuring that future generations develop greater awareness and sensitivity toward sustainable practices.

Cause

States

Demographics

Impact

Solar lanterns distributed 150000

Farmers provided with seeds 24000

Households provided electricity 2810000

e-rickshaws provided for picking garbage 6

Solar street lights installed across India 5900

Reverse osmosis water plants installed 300

Hand pumps installed 1000

Water harvesting structures constructed for dry land agriculture 1000
Supported NGOs

Partners for Planet

International Crop Research Institute for the Semi-Arid Tropics (ICRISAT)

North East Society for Agroecology Support