REC commits financial assistance of Rs. 23.52 Cr to SKUCT

REC Ltd. (Formerly Rural Electrification Corporation Limited), a Government of India Navratna PSU, committed financial assistance of Rs. 23.52 crore through its CSR arm, REC Foundation to SKUCT for the following: Construction of admin offices and hospital (27000
sqft) approx. below the Saraswati Plaza, near current GMVN building. Infrastructural development like water supply network, storm water network, solid waste network, public address system, CCTV network system, 11KV HT cable, HT RMU, transformer, etc. in
between Saraswati edge and Temple Street. Restoration & conservation related civil works of Retas kund, Udak kund, Hans kund and developmental works like providing lighting systems, plumbing works, PA system, CCTV, infrastructure services etc. in/around kund. The Memorandum of Agreement (MoA) in this regard was executed between REC Foundation and SKUCT in New Delhi on 06th July, 2020. S N Srinivas, CEO, REC Foundation, on behalf of REC Foundation and Smt. Ila Giri, Additional Resident Commissioner, Govt. of Uttarakhand, on behalf of SKUCT signed the Memorandum of Agreement in the auspicious presence of S K Gupta, CMD & Director Technical, REC Ltd., Ajoy Choudhary, Director Finance, REC Ltd. and other officials of REC Foundation. About the Company: REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna NBFC and Infrastructure Finance Company (IFC) focusing on Power Sector Financing and Development across India. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. Its business activities involve financing projects in the complete power sector value chain including Generation, Transmission, Distribution Projects and Renewable Energy projects.