REC Limited’s General Manager of Finance, Awanish Kumar Bharati, received the ICPA Treasury Excellence Award for his leadership in treasury management at the National Finance Conclave and Awards 2026. The award was presented by Meenakshi Lekhi and Dr. Harsh Vardhan, acknowledging his strategic vision and impactful leadership. This recognition underscores REC Limited’s commitment to professional excellence in enhancing India’s financial and power sector ecosystem REC Limited has steadily built a reputation as one of India’s most trusted public sector financial institutions, especially in the power and infrastructure financing space. Over the years, the organization has focused not only on expanding its project portfolio but also on strengthening internal financial systems.
ICPA Treasury Excellence Award
Governance frameworks, and treasury operations. In this context, the recent recognition of Awanish Bharati, a senior executive at REC, with the ICPA Treasury Excellence Award marks an important milestone for both the individual and the institution. The award reflects REC’s growing stature in professional financial management and highlights the role of leadership in navigating complex treasury functions in a dynamic economic environment The Institute of Cost Accountants of India, which presents the ICPA Treasury Excellence Award, is one of the most respected professional bodies in the country in the field of cost and management accounting. Through its annual awards, the institute recognises professionals and organisations that demonstrate exceptional performance.
Innovation, and ethical standards in financial management. Receiving an award from such an institution is considered a benchmark of credibility and professional excellence. In this backdrop, Awanish Bharati’s achievement stands out as a reflection of sustained commitment to strengthening treasury systems at REC Limited (India) operates at the heart of India’s power financing ecosystem, supporting generation, transmission, and distribution projects across the country. The scale of operations involves managing large volumes of funds, diverse borrowing instruments, and complex risk profiles. Treasury management in such an organisation is not limited to routine cash handling but extends to strategic planning, fund mobilisation, interest rate risk management, currency.
REC’s Broader Corporate And Developmental Objectives
Exposure control, and long-term financial sustainability. Under these conditions, leadership in treasury becomes a critical pillar of organisational success. Awanish Bharati’s role has been central in aligning treasury strategies with REC’s broader corporate and developmental objectives One of the defining aspects of effective treasury leadership is the ability to balance growth ambitions with financial discipline. REC has been expanding its lending portfolio to support national infrastructure goals, including renewable energy and rural electrification. This expansion requires access to competitive funding, optimal debt structuring, and prudent liquidity management. The recognition given to Awanish Bharati indicates that REC’s treasury function has successfully handled.
These challenges while maintaining transparency, compliance, and efficiency. Information about REC’s financial mission and operations is available on The award also underlines the importance of professional governance in public sector enterprises. In recent years, there has been increasing emphasis on strengthening corporate governance standards across PSUs, especially in areas such as risk management, internal controls, and financial disclosures. Treasury departments play a key role in ensuring that funding strategies are aligned with regulatory norms and long-term sustainability goals. Awanish Bharati’s recognition signals that REC’s treasury practices meet high professional benchmarks and serve as a model for other organisations in the sector.
Effective Treasury Management
Another significant dimension of this achievement is its alignment with national financial and power sector policies. REC works closely with the Ministry of Power and other government agencies to finance projects that support India’s energy transition and infrastructure development. Effective treasury management ensures that these projects receive timely funding at optimal costs, ultimately benefiting consumers and the broader economy. The Ministry of Power’s initiatives and policy framework can be explored further provides insight into the national context in which REC operates Beyond organisational impact, such awards also have a wider professional significance. They encourage best practices in treasury management, promote continuous learning, and inspire younger.
Professionals to pursue excellence in financial leadership. The ICPA Treasury Excellence Award, in particular, highlights the evolving role of treasury functions in modern organisations, where data-driven decision-making, digital tools, and risk analytics are becoming increasingly important. Awanish Bharati’s achievement reflects an ability to adapt to these changes while maintaining core principles of financial prudence From an internal perspective, this recognition strengthens employee morale and reinforces a culture of performance within REC. Awards at the leadership level often translate into higher standards across departments, encouraging teams to adopt innovative practices and maintain high levels of accountability. It also enhances REC’s employer brand, helping attract and retain top.
Lenders, Bond Investors, And Rating
Financial talent in a competitive market. Such recognition adds to REC’s growing list of corporate achievements The broader corporate and investor community also views such honours as indicators of institutional strength. Strong treasury leadership reassures lenders, bond investors, and rating agencies about an organisation’s financial stability and governance quality. In an era of volatile interest rates and global financial uncertainty, institutions that demonstrate disciplined treasury practices gain a clear competitive advantage. This award therefore contributes not only to personal prestige but also to REC’s long-term credibility in financial markets the recognition of Awanish Bharati is likely to encourage further innovation in REC’s treasury operations.
As the power sector moves towards renewable energy, smart grids, and decentralised generation, financing structures will become more complex. Treasury teams will need to handle green bonds, sustainability-linked loans, and blended finance models. Leadership that is already recognised for excellence will be better positioned to guide these transitions effectively Awanish Bharati’s ICPA Treasury Excellence Award is more than a personal (India) honour it represents a broader affirmation of REC’s financial governance, strategic capability, and professional standards. It reflects the growing importance of treasury leadership in shaping organisational resilience and supporting national development goals. As REC continues to play a pivotal role in India’s infrastructure financing landscape
Q1. Who is Awanish Bharati at REC?
Awanish Bharati is a senior executive at REC Limited, leading key treasury and financial operations.
Q2. What is the ICPA Treasury Excellence Award?
It is a prestigious award by the Institute of Cost Accountants of India recognizing excellence in treasury management.
Q3. Why did Awanish Bharati win this award?
He was honoured for outstanding leadership, innovation, and efficient treasury practices at REC.
Q4. What is the importance of this award for REC?
It strengthens REC’s reputation in financial governance and corporate leadership.
Q5. Who organizes the ICPA Awards?
The awards are organized by the Institute of Cost Accountants of India.
