MoU8 Jan 2026, 08:11 pm
REC Ltd Achieves 'Excellent' Rating in MOU Performance for Financial Year 2024-25
AI Summary
REC Ltd, named in the text, has achieved an 'Excellent' rating in the Memorandum of Understanding (MoU) Performance for the financial year 2024-25 with the Holding company, Power Finance Corporation Limited. This rating is awarded by the Department of Public Enterprises (DPE), Ministry of Finance, as per their guidelines. REC has maintained this 'Excellent' rating for three consecutive financial years, highlighting its consistent operational and financial performance.
Key Highlights
- REC Ltd achieved an 'Excellent' rating in the MoU Performance for the financial year 2024-25
- This is the third consecutive year REC has received this rating
- The rating was awarded by the Department of Public Enterprises (DPE), Ministry of Finance
- The MoU was signed with the Holding company, Power Finance Corporation Limited
- This rating reflects REC's consistent operational and financial performance