REC Sanctions Rs 7 Cr to Ramp Up Relief Work Amid Lockdown; More to Come

The central public sector undertaking (CPSU) REC Ltd, via its CSR arm REC Foundation, has sanctioned Rs 7 crore in a step to speed up the relief work amidst lockdown due to the spread of the coronavirus pandemic.

Concerned over the plight of daily wagers, the navratna non-banking finance company (NBFC) said that more such funds are already in the pipeline for this purpose.

Besides, the company has also distributed cooked food, ration, utility packets, masks, sanitizers and even providing shelter during the lockdown benefiting 76,000 daily wagers and their families till date.

REC is the country’s leading financier of the power-sector projects under the administrative control of Ministry of Power.

From Srinagar to Kanyakumari, Jamnagar to Shillong, starvation is as much a threat as Covid-19 for daily wagers, many of them migrants from different parts of the country.

The company also said that it has donated Rs 150 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund to support India’s fight against coronavirus.

Moreover, all employees of the company have voluntarily contributed a day’s salary to the PM National Relief Fund, it added.

In addition to this, the company in association with respective state-owned power distribution utilities is providing food grain packets and other utility packets like masks and sanitizers to the needy people.

Furthermore, it has also joined hands with Delhi Police to provide 500 food packets which can feed a family of 4 on a daily basis.

Also, the CSR arm of REC has also released funds to the offices of Distribution Companies, Collector and/or District Magistrates of various districts across the country to provide cooked meals twice a day for 10-30 days.

Besides, the company is in talks with many other districts for the execution of the same in their areas. In addition to these, food kits are also being provided in these districts to those who have facilities to cook at home.

Meanwhile, the company is also providing ration on a bi-weekly basis to around 300 workers and daily wagers engaged in the construction of REC World Head Quarters in Gurugram. These workers belong to the country’s various states such as Bihar, West Bengal, Odisha, Gujarat etc. and other needy people from vicinity areas are also being provided.