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EC Limited honoured with Golden Peacock Award in Risk Management

Newdelhi:19/10/23:REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has been recognized for its exceptional performance in risk management with the esteemed Golden Peacock Award, given by the Institute of Directors (IOD). The Golden Peacock Award in Risk Management highlights REC’s continued commitment to implementing effective risk assessment strategies, thereby contributing to the organization’s sustainable growth and resilience in a competitive business landscape. The recognition also underscores REC’s commitment to excellence and innovation in its operations in the power sector.

The Golden Peacock Awards, established by the Institute of Directors (IOD), India in 1991, has emerged as an internationally acclaimed standard for corporate excellence. REC Limited was selected by the jury panel headed by former Chief Justice of India, Justice M. N. Venkatachaliah.

Director (Projects), REC, Shri V. K. Singh and Executive Director (Finance), REC, Shri Daljeet Singh Khatri received the award on behalf of REC at a glittering ceremony held in London on 17th October 2023.

About REC Limited

REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC Limited has completed over fifty years of operations. It provides financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its business activities involve financing projects in the complete power sector value chain; for various types of projects including Generation, Transmission, Distribution and Renewable Energy. REC’s funding illuminates every fourth bulb in India. REC has recently diversified into financing infrastructure and logistics sector as well.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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