New Delhi: REC Limited has achieved an ‘Excellent’ rating in the Memorandum of Understanding (MoU) performance for the financial year 2024–25, reflecting its strong operational and financial performance.
The rating was awarded by the Department of Public Enterprises (DPE) under the Ministry of Finance, in accordance with the prescribed performance evaluation guidelines, the company said in a regulatory filing on Thursday.
The MoU was signed between REC and its holding company, Power Finance Corporation Limited (PFC). With this achievement, REC has secured the top performance rating for three consecutive financial years, underlining its consistent execution and governance standards.
The MoU performance framework assesses central public sector enterprises on key parameters, including financial results, operational efficiency and strategic objectives.
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