REC Wins ‘Sustainability Champion – Editor’s Choice Award’ for contributions towards greener future

REC has been a pioneer in catalyzing India's energy transition, with plans intricately aligned with the global push towards clean energy.

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Financial Company (NBFC), has been honored with the 'Sustainability Champion – Editor's Choice Award' at the Outlook Planet Sustainability Summit & Awards 2024. The award ceremony, organized by the Outlook Group in collaboration with IIT Goa, recognizes REC's commitment to sustainability and its contributions towards a greener future.

Smt. Saraswathi, Senior General Manager of REC's Mumbai Office, received the award at the event held in Goa.

REC has been a pioneer in catalyzing India's energy transition, with plans intricately aligned with the global push towards clean energy. The company is committed to being the leading financier of India's energy transition, reflected in its current loan portfolio of approximately ₹38,971 crores under renewable energy. REC aims to enhance the renewables mix to about 30% of its projected loan book of ₹10 lakh crores by 2030.

The Outlook Planet Sustainability Summit & Awards is a prominent platform that unites industry leaders, policymakers, and sustainability advocates to celebrate and promote excellence in sustainable practices. This year's summit featured insightful discussions, innovative ideas, and recognized the remarkable achievements of organizations dedicated to sustainability.