New Delhi: Vivek Kumar Dewangan, CMD of REC Limited, was honored with the 'Most Sustainable Maharatna Leader' Award at the World Sustainability Congress in Mauritius on December 12, 2023, recognizing his outstanding leadership in sustainability initiatives.
The award was accepted on behalf of Vivek Kumar Dewangan by Executive Director Taruna Gupta and Chief General Manager R Anbalagan. This accolade is bestowed upon individuals and organizations with an exemplary track record of achievements in sustainability. The award presentation was conducted by Doumeraj Jahajeeah, Director Technical Services, Ministry of Energy & Public Utilities, Mauritius, and Jabir Udhin, Head of Governance, Economic Development Board, Mauritius.
Expressing his gratitude, Vivek Kumar Dewangan stated, "It is a moment of great pride and honor to receive such a prestigious award on a global platform. I believe this recognition reflects the collective efforts of the entire REC team. My sincere thanks to all REC members for this accomplishment. REC remains committed to making a positive impact on the environment and contributing to the overall sustainability of society. Congratulations to you all.”
Under Dewangan's insightful leadership, REC has attained Maharatna status, expanded into the non-power infrastructure and logistics sector, and is poised to play a crucial role in transforming the power sector in the country. Dewangan was previously honored with the 'The Most Promising Business Leaders of Asia' award at the Economic Times Asian Business Leaders Conclave 2022-23 in March 2023.
Established in 1969, REC Limited, a Maharatna CPSE under the Ministry of Power, provides long-term loans and financial products for the power infrastructure sector. This includes generation, transmission, distribution, renewable energy, and emerging technologies such as electric vehicles, battery storage, and green hydrogen. REC has recently diversified into the non-power infrastructure sector, covering roads, expressways, metro rail, airports, IT communication, social and commercial infrastructure (educational institutions, hospitals), ports, and electro-mechanical (E&M) works for various other sectors like steel and refineries. REC's loan book exceeds Rs 4.74 Lakh Crore.
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