REC Limited (formerly Rural Electrification Corporation Limited) a Maharatna Central Public Sector Enterprise under the Ministry of Power, has received the Golden Peacock Award in Risk Management for its commitment to implementing effective risk assessment strategies.
The Golden Peacock Awards, established by the Institute of Directors (IOD), India in 1991, has emerged as an internationally acclaimed standard for corporate excellence.
The IOD is an apex professional association for Directors in India under the Societies Registration Act, XXI of 1860 to fill the need for professional development of Corporate Directors and building effective Boards.
REC Limited is a Non-Banking Financial Company (NBFC) focused on Power Sector Financing and Development in India.
It provides financial assistance to various entities in the power sector.
REC’s funding contributes to lighting every fourth bulb in India.