REC Limited Honoured with Golden Peacock Award 2024 for Corporate Governance Excellence

Gurugram, 05 December 2024: Shri Vivek Kumar Dewangan, IAS, Chairman and Managing Director of REC Limited, expressed immense pride as the company received the prestigious **Golden Peacock Award 2024 for Excellence in Corporate Governance**. Speaking on the achievement, he said, “This accolade is a profound honour and underscores our unwavering dedication to the principles of good governance and creating sustainable value for our stakeholders. The award, presented by the **Institute of Directors and Golden Peacock Awards Secretariat** during a distinguished ceremony in London, celebrates REC’s leadership in the Power (Financial Services) category. As a Maharatna CPSU under the Ministry of Power, REC’s recognition reflects its consistent adherence to ethical practices, accountability, and transparency—cornerstones of its corporate philosophy. The selection was made by an esteemed jury led by Hon’ble Justice M. N. Venkatachaliah, 25th Chief Justice of India, alongside notable figures such as former Chief Justice of India, Justice U. U. Lalit, and Prof. (Judge) Mervyn E. King SC. Their evaluation highlighted REC’s exemplary approach to integrating governance with operational efficiency, positioning it as a model for others. The award ceremony brought together influential leaders from across industries, reinforcing the critical importance of corporate governance in promoting sustainable business practices. REC’s achievement not only reaffirms its standing as a leading NBFC in the power sector but also highlights its role as a champion of responsible and forward-thinking business strategies. This recognition amplifies REC’s commitment to pioneering governance standards while strengthening its reputation as a trusted and resilient institution in the global energy and financial landscape.