In a significant step to help children born with congenital heart diseases from economically weaker sections of society, REC, a Maharatna CPSE under the Ministry of Power and a leading NBFC, inaugurated the “REC Gift of Life–Cardiac Ward” at the state-of-the-art Sri Sathya Sai Sanjeevani Hospital in New Raipur.
Vivek Kumar Dewangan, Chairman and Managing Director, REC inaugurated the “REC Gift of Life- Cardiac Ward” in presence of distinguished guests, hospital management, doctors, medical staff, patients and their family members, and senior officials from REC.
The cardiac ward, dedicated to life-saving paediatric cardiac care surgeries, has been supported under REC's CSR initiatives over the past six months. These initiatives have successfully aided 1,000 children born with congenital heart diseases from economically weaker sections of society, showcasing REC's commitment to improving healthcare accessibility.
The REC Gift of Life Cardiac Ward facility is equipped with robust medical technology and supported by a dedicated team of highly skilled healthcare professionals. The facility will provide life-saving cardiac care to patients from all sections of society.
In a ceremony, Dewangan awarded "Gift of Life" certificates to children who underwent successful surgeries to correct congenital heart diseases. During his interaction with patients and their families, Shri Dewangan expressed his deep appreciation for the dedicated team of specialist doctors and medical staff on the completion of 1,000 paediatric cardiac surgeries.
Applauding the partnership with Shri Sathya Sai Educational and Health Trust, Shri Dewangan said, “This project is a testament to REC’s unwavering commitment to providing accessible, quality healthcare to those in need, leading to lifelong positive outcomes on the health and quality of life for the children, enabling them to lead normal activities and pursue their dreams. The launch of the 'REC Gift of Life- Cardiac Ward' is a proud moment for all of us at REC.”
The Sri Sathya Sai Sanjeevani Hospital is renowned for its compassionate healthcare and innovative medical practices. The addition of the REC Gift of Life - Cardiac Ward further enhances the hospital's capabilities in delivering specialised care for paediatric cardiac patients. The partnership between REC and Sri Sathya Sai Sanjeevani Hospital underscores a shared vision of making advanced medical treatments accessible to all, regardless of their economic background.
REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc. REC provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country.
REC continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100 per cent village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government. The loan book of REC stands at Rs 5.09 lakh crore and Net Worth at Rs. Rs 68,783 crore as on 31 March, 2024.
