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REC inks MoU with NICSI for ICT, digital transformation services

16 Oct 2023 Evaluate

REC has signed a Memorandum of Understanding (MoU) with National Informatics Centre Services Inc. (NICSI) under National Informatics Centre (NIC), Ministry of Electronics & Information Technology, Government of India for various Information & Communications Technology (ICT) and Digital Transformation Services.

This MoU will benefit the REC ecosystem by facilitating exploration of latest technology in evolving areas like IoT, Artificial Intelligence, Machine Learning, Data Analytics, Blockchain, Cyber Security etc. This collaboration with NICSI will enable REC in providing one-stop end-to-end NIC/NICSI Software products deployment, hosting, core roll-out, technical support, security, services, system administration, etc.

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.


Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
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