REC secures ‘Excellent’ MoU rating for FY'25 for third consecutive year

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.

PSU Watch is now on Whatsapp Channels. Click here to join

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.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)