REC Limited has won the Best Green Bond – Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024.
It won the award for issuance of $750 million USD Green Bonds in April 2023.
This was the first USD Green Bond issuance from India after India assumed G20 Presidency.
It was also the largest-ever Senior Green Bond Tranche by a South or South-East Asian issuer.
The award underscores REC Limited’s commitment to sophisticated capital market instruments.
The Asset Triple A Awards recognize those organizations that have excelled in their respective industry. The awards are adjudicated by The Asset’s board of editors.
REC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power.
It is registered with RBI as a Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC).
