REC signs MoA with THDC under CSR
FinTech BizNews Service
Mumbai, 14 December, 2024: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MOA) with THDC India Limited (THDCIL) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 3.97 crore for the development of an Olympic-size swimming pool at the THDCIL Water Sports High Performance Academy of Canoeing & Kayaking in Koteshwar, Tehri (Uttarakhand).
The agreement was signed on Friday between Shri Pradeep Fellows, Executive Director, CSR, REC, and Shri Amardeep, General Manager, THDCIL and President, SEWA THDC. The ceremony took place in the presence of Shri Vivek Kumar Dewangan, Chairman and Managing Director, REC Limited; Shri Harsh Baweja, Director (Finance), REC, and Shri Shallinder Singh, Director (Personnel), THDCIL.
The upcoming swimming pool facility aims to nurture and train national-level athletes for international competitions in canoeing and kayaking, contributing to India's recognition in water sports globally.
This initiative aligns with REC's commitment to fostering sports development in India and empowering athletes to achieve excellence on international platforms.
This collaboration marks a significant step in REC's ongoing efforts to enhance sports infrastructure in India, ensuring the holistic development of sports talent. Through its CSR initiatives, REC continues to support nationally recognized sports and pave the way for Indian athletes to achieve global accolades.
REC Foundation has supported over 400 projects in healthcare, sanitation, clean water access, education and skill development, women empowerment, sports and environmental sustainability. With over Rs. 1,300 Crore disbursed in CSR funds, REC's cumulative commitment to CSR activities exceeds Rs. 2,000 Crore.
