Power Sector Maharatna REC receives Adam Smith Awards ASIA 2024 for Best Funding Solution

Singapore – REC Limited, the  Maharatna PSU   and a leading NBFC, has been honored with the Adam Smith Awards ASIA 2024 in the “Best Funding Solution” category, in  Singapore today.

The award was presented at a ceremony held in Singapore by Ms. Sophie Jackson, Joint Publisher at Treasury  Today  Group.  Hemant Kumar, Chief Compliance Officer, and  Koshal Puri, Sr. General Manager (Finance) received the award on behalf of REC according to company sources.

The Adam Smith Awards ASIA is regarded as a benchmark in Corporate Treasury and acknowledges organizations that exemplify innovation, efficiency, and strategic expertise in financial management. The award highlights REC ‘s commitment to implementing forward-thinking funding solutions that align with India’s sustainable development goals.

As a key enabler of India’s energy sector, REC continues to support the nation’s growth trajectory by providing financial assistance for vital projects in generation, transmission,  distribution and other infrastructure initiatives of Govt. of India.