New Delhi: In a historic development, NTPC and REC Ltd, two major PSUs under Ministry of Power, have signed Memorandum of Understanding (MoU) with the National Sports Development Funds (NSDF) and Ministry of Youth Affairs and Sports (MYAS) with National Sports Development Fund.

MoUs were recently signed in the presence of RK Singh, Union Minister of Power and New & Renewable Energy and Anurag Thakur, Union Minister of Youth Affairs and Sports and Information and Broadcasting. Gurdeep Singh, CMD, NTPC, Vivek Kumar Devangan, CMD REC, Director General Sports Authority of India, various eminent athletes and senior officials were present on the occasion.

Power Minister Singh said that many other power PSUs would also come forward to financially support various other sports. He urged power PSUs to come forward in providing employment not just to successful athletes but also to other athletes who need support. He concluded by wishing all the athletes for upcoming Olympics to win big and make the country proud.

Thakur said that two PSUs from the Power Ministry have contributed a total of Rs 215 crore for the development of sports, making it an historic occasion. This contribution by the Power Ministry will go a long way to energise the sports sector, he said. /BI/