REC Limited, a Maharatna CPSE under the Ministry of Power, achieved a significant milestone by receiving the “Best Employer for Policies in Diversity & Inclusion” Award at the 4th Diversity & Inclusion Excellence Awards and Conclave organized by Assocham.
Shri TSC Bosh, Executive Director, REC, Accepts the Accolade
Shri TSC Bosh, Executive Director of REC, graciously accepted the award on behalf of the organization. His acceptance of the award symbolizes REC’s unwavering commitment to promoting diversity and inclusion within its workforce.
A National Acknowledgment of REC’s Commitment
The award ceremony highlighted REC’s dedication to fostering diversity and inclusion, emphasizing the company’s commitment to going beyond conventional norms. REC’s inclusive policies set a commendable standard in the industry, and this accolade serves as a testament to its exemplary practices.
Highlighting the Significance of the Award
The “Best Employer for Policies in Diversity & Inclusion” award underscores REC’s commitment to creating a workplace that celebrates differences, fosters innovation, and promotes equal opportunities for all employees. The company’s HR policies play a pivotal role in achieving this milestone, contributing to a conducive and employee-friendly work environment.
Recognition Beyond Diversity & Inclusion
The organization was previously recognized for its exceptional performance in risk management with the esteemed ‘Golden Peacock Award,’ presented by the Institute of Directors (IOD). Additionally, REC was conferred the ‘Best Central PSU‘ Award in the Financial Services category at the Dun & Bradstreet PSU Awards 2023.
REC Limited: Empowering Power-Infrastructure Through Long-Term Financial Solutions
Established in 1969, REC Limited, a Maharatna CPSE under the Ministry of Power, specializes in providing long-term loans and diverse financial products for the Power-Infrastructure sector. This sector encompasses Generation, Transmission, Distribution, Renewable Energy, and cutting-edge technologies such as Electric Vehicles, Battery Storage, Green Hydrogen, among others.
REC’s Strategic Expansion into Non-Power Infrastructure Projects
In recent times, REC has expanded its scope to include the Non-Power Infrastructure sector. This expansion covers Roads & Expressways, Metro Rail, Airports, IT Communication, as well as Social & Commercial Infrastructure, including Educational Institutions and Hospitals. REC has also ventured into Ports and Electro-Mechanical (E&M) works, extending its services to various sectors such as Steel, Refinery, and more.
Important Questions Related to Exams
Q: Which organization has been honored with the ‘Best Employer in Diversity & Inclusion’ award by Assocham?
Q: Who serves as the Chairman and Managing Director of REC?
A: Vivek Kumar Dewagan.
Q: REC was established in which year?