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    Home»PSU Insights»REC Foundation Allocates ₹3.60 Crore for School Development in Karnataka
    PSU Insights

    REC Foundation Allocates ₹3.60 Crore for School Development in Karnataka

    Rishabh SharmaBy Rishabh SharmaJune 1, 2026No Comments2 Mins Read
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    UDUPI: Moving to upgrade rural academic facilities, the REC Foundation—the corporate social responsibility (CSR) arm of REC Limited—has entered into a formal Memorandum of Agreement (MoA) with Karnataka Public School, Hiriadka.

    The financial pact guarantees a capital allocation of ₹3.60 crore dedicated to the development of a brand-new primary school building in Karnataka’s Udupi district.

    Agreement Formalization and Project Oversight

    The collaborative blueprint was signed and sealed on May 29, 2026, anchoring the upcoming construction phase:

    • Official Gathering: The MoA was executed in the presence of local leader Gurme Suresh Shetty, Karnataka Public School Principal Shri Manjunath Bhatt, and Shri Somyakant, who serves as the Senior Chief Project Manager at REC Limited’s Bengaluru Regional Office.

    • Institutional Coordination: The signing ceremony brought together administrative representatives from both the state school system and the central public sector undertaking (PSU) to oversee the structural rollout.

    Strategic Impact on Foundational Learning

    The capital injection is structured to address critical infrastructure gaps in underserved regions:

    • Upgrading Rural Classrooms: The funding will replace or expand existing facilities with modern classrooms and improved learning setups designed to create a safer, highly conducive educational environment for students.

    • Boosting Regional Literacy Support: The project aims to dramatically elevate the quality of primary educational infrastructure accessible to families living across Hiriadka and neighboring rural belts.

    • Broader Corporate Mandate: This initiative represents a continuation of REC Foundation’s targeted CSR agenda, which actively funnels capital into foundational education, healthcare, skill training, and community infrastructure to foster inclusive grassroots growth.

    REC Foundation
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    Rishabh Sharma

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