REC and NICSI Partner for Digital Transformation

REC Limited, a leading NBFC specialising in power sector financing and development, has signed a Memorandum of Understanding (MoU) with the National Informatics Centre Services Inc. (NICSI), an entity under the National Informatics Centre (NIC) and the Ministry of Electronics & Information Technology, Government of India. This collaboration will focus on Information & Communications Technology (ICT) and Digital Transformation Services. The MoU aims to foster innovation in emerging technology areas such as IoT, Artificial Intelligence, Machine Learning, Data Analytics, Blockchain, Cyber Security, and more. It was formally signed in New Delhi by Sh. Pankaj Gupta, Sr. GM & HoD (IT) of REC Limited and Dr. Vinay Thakur, MD of NICSI. This strategic partnership with NICSI will enable REC to provide comprehensive end-to-end services related to NIC/NICSI Software products, including deployment, hosting, core roll-out, technical support, security, services, system administration, and more. Established in 1969, REC Limited has been at the forefront of powering India's growth and development by providing financial assistance across the entire power sector value chain, from Generation to Transmission, Distribution, and Renewable Energy. With more than five decades of experience, REC's contributions have a profound impact on illuminating a significant portion of India's electricity needs. This collaboration underscores REC's commitment to embracing the latest digital technologies and services to further enhance the power sector's efficiency and reach in India.