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REC to provide Rs 8 crore CSR assistance to ABVIMS & RML Hospital for Auditorium Renovation

Published: Dec 02, 2023

By TIOLCorplaws News Service

NEW DELHI, DEC 02, 2023: REC Foundation, the Corporate Social Responsibility arm of REC Limited, has signed a Memorandum of Agreement (MoA) with Atal Bihari Vajpayee Institute of Medical Sciences and Dr. Ram Manohar Lohia (RML) Hospital, New Delhi for renovating and introducing state-of-the-art facilities to the hospital auditorium, at a cost of Rs. 8 crores.

The project aims to enhance the medical infrastructure at ABVIMS & Dr. RML Hospital. The revamped auditorium will be equipped with cutting-edge technology to provide a conducive environment for learning and collaboration.

The signing ceremony, held at REC's Corporate office, was attended by senior management representatives of REC including Director (Projects), V K Singh; and Executive Director, Taruna Gupta. Director & Medical Superintendent, Dr. Ajay Shukla and Professor & Head (Forensic Medicine), Dr. Thejaswi HT represented ABVIMS & Dr. RML Hospital.

Expressing his enthusiasm about the partnership, V K Singh said: "REC is dedicated to making a positive impact on society, and this collaboration aligns with our mission. We believe the upgraded Auditorium will contribute significantly to advancing medical education and healthcare services."

REC Foundation, as the CSR arm of REC, actively engages in projects that promote sustainable development. This partnership underscores REC's commitment to fostering positive change in the healthcare sector.

REC Limited, a Maharatna CPSE established in 1969, under Ministry of Power, provides long term loans and other finance products for Power-Infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen etc. More recently REC has also diversified into the Non-Power Infrastructure sector comprising of Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc. The loan book of REC exceeds Rs 4,74,275 Crore.

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