- 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.