Gurugram: 17,Jan-2024: In a remarkable feat, REC Limited, the prestigious Maharatna PSU and a prominent NBFC, has secured the esteemed ‘Plaque’ at the ICAI Awards for Excellence in Financial Reporting for the fiscal year 2022-23. The accolade falls under the distinguished ‘Financial Services Sector (Other than Banking and Insurance)’ category. The recognition was conferred upon REC at a ceremony in Raipur, where the Hon’ble Chief Minister of Chhattisgarh, Mr. Vishnu Deo Sai, presented the award to REC’s key finance executives.
Mystery deepens as ONGC suspends a General Manager-Finance over alleged scam
REC’s Director (Finance) Shri Ajoy Choudhury, ED (Finance) Shri Sanjay Kumar, and HoD (Finance) Shri Jatin Kumar Nayak were on hand to accept the prestigious award. The ceremony was graced by the presence of Hon’ble Cabinet Ministers of Chhattisgarh, Mr. Brij Mohan Agrawal and Mr. O.P.Choudhary, alongside ICAI President CA Aniket Sunil Talati, Vice President CA Ranjeet Kumar Agarwal, and other eminent members of the ICAI Council.
This distinguished recognition, the only award in its category bestowed by the ICAI, is a testament to REC’s commitment to impeccable accounting practices, transparent disclosure policies, and adherence to Indian Accounting Standards and statutory guidelines. Sh. Ajoy Choudhury expressed gratitude for the acknowledgement, emphasizing the dedication of REC Limited’s team in upholding exceptional financial standards.
This accolade adds to REC’s recent achievements, including the ‘Golden Peacock Award’ for outstanding performance in risk management and the ‘Best Central PSU’ Award in the Financial Services category at the Dun & Bradstreet PSU Awards 2023. REC Limited continues to set benchmarks in financial reporting and services, solidifying its position as a leader in the industry.
