Description
REC Limited, a prominent Maharatna Public Sector Unit and a premier Non-Banking Financial Company (NBFC) under the Ministry of Power, received the coveted 'Plaque' at the ICAI Awards for Excellence in Financial Reporting. The award is in the 'Financial Services Sector (Other Than Banking and Insurance)' category for fiscal year 2022-23.
Criteria For Selection
The Institute of Chartered Accountants of India (ICAI) granted the honor after a rigorous review of the company's accounting processes, disclosure policies, financial statement presentation, adherence to Indian Accounting Standards, legislative requirements, and laws.
Previous Recognitions
This recognition follows REC's recent triumphs, which include the Institute of Directors' (IOD) 'Golden Peacock Award' for exemplary risk management performance. Additionally, REC received the 'Best Central PSU' Award in the Financial Services category at the Dun & Bradstreet PSU Awards 2023.
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- REC Limited
- ICAI Award
- Excellence In Financial Reporting FY 2022-23
- Non-Banking Financial Company (NBFC)
- Institute of Chartered Accountants of India (ICAI)
- Institute of Directors' (IOD)
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