REC Limited Honored with SKOCH ESG Award 2024 for Renewable Energy Financing
| Category | Details |
|---|---|
| Organization | REC Limited |
| Status | Maharatna Central Public Sector Enterprise under the Ministry of Power |
| Award Received | SKOCH ESG Award 2024 in the 'Renewable Energy Financing' category |
| Award Received by | Shri T.S.C. Bosh, Executive Director of REC Limited |
| Award Venue | New Delhi |
| REC's Contribution | Significant player in India's clean energy transition |
| Sectors Engaged | Solar, wind, Pumped Storage Projects, E-mobility, RE manufacturing, green ammonia, green hydrogen, battery storage |
| Projected Growth | Renewable energy portfolio to grow to Rs. 3 lakh crores by 2030 (30% of AUM) |
| SKOCH ESG Awards Focus | Recognizes organizations for outstanding performance in Environmental, Social, and Governance (ESG) practices |
| **REC's Loan Book (Dec 2023) | Rs. 4.97 Lakh Crores |
| **REC's Net Worth (Dec 2023) | Rs. 64,787 crores |
| Sectors Financed | Power-Infrastructure (Generation, Transmission, Distribution, Renewable Energy) and Non-Power Infrastructure (Roads, Metro Rail, Airports, etc.) |
| Nodal Agency Role | Key strategic role in Government's flagship schemes for power sector |