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REC achieves ‘Perfect’ score on MoU parameters for FY21

27 Jan 2022 Evaluate

REC has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed for the Central Public Sector Enterprises (CPSEs).

REC is the only CPSE to secure a Perfect score amongst the 123 CPSEs across 32 sectors (including power, railways, steel, mines, heavy industries, petroleum, defence among others) which were a part of the MoU evaluation exercise for the FY 21.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.