- A Maharatna Central Public Sector Enterprise, REC Limited, has been awarded Golden Peacock Award for its exceptional performance in risk management.
- The award has been given by the Institute of Directors (IOD).
- The Golden Peacock Award in Risk Management has been given to REC Limited for its commitment in implementing effective risk assessment strategies.
- Effective risk assessment strategies contributed in the growth of REC Limited and make it resilient in a competitive business environment.
- REC Limited has been selected by a jury panel headed by former Chief Justice of India, Justice M. N. Venkatachaliah.
- The Golden Peacock Award was established by the Institute of Directors (IOD) in 1991.
- It has emerged as an internationally acclaimed standard for corporate excellence.
REC Limited
- It was established in 1969 which focus on Power Sector Financing and Development across India.
- It provides financial assistance to state electricity boards, state governments, and central and state power utilities.
- It is engaged in projects related to Generation, Transmission, Distribution and Renewable Energy.