Which of the following statements about REC's recognition and awards is/are correct?

1. REC Limited received the 'Innovative Technology Development Award' at the IIT Madras CSR Summit.

2. The solar plant at IIT Madras, supported by REC's CSR initiative, generates around 3.15 million units of clean energy annually.

3. REC Limited has been recognized with the PSE Excellence Award for CSR in 2024.

Solution

•     REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been honoured with the 'Innovative Technology Development Award' at the 'Building India 2047: Technology for Better Tomorrow', an IIT Madras Corporate Social Responsibility Summit. •     The award has been conferred in recognition of REC's CSR initiative of installation of 2 MW rooftop solar plant at IIT Madras. •     The solar plant generates around 3.15 million units of clean energy every year, thus helping IIT Madras reduce its carbon footprint. •     REC Limited has been recognized for its CSR activities with several prestigious awards, including the Global CSR Leadership Awards in 2023 and the PSE Excellence Award for CSR in 2023. Learn Along About REC •     REC is a 'Maharatna' Central Public Sector Enterprise under the Ministry of Power, and is registered with RBI as Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC). •     REC finances the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pumped Storage Projects, Green Hydrogen and Green Ammonia projects.