REC Ltd

Past performance
Performance overview
REC Ltd
About REC Ltd Rural Electrification Corporation Ltd (REC) is a Navratna Central Public Sector Enterprise under India's Ministry of Power, dedicated to financing and promoting power infrastructure projects across the nation. Founded in 1969, REC provides financial assistance to State Electricity Boards, state power utilities, and private sector entities, primarily through long-term project-based loans. With a strong focus on rural electrification, REC funds transmission, distribution, and generation projects, aiming to enhance India's power infrastructure. REC is known for its robust financial backing, which includes market borrowings, bonds, and term loans. It has a widespread network of 23 offices for coordinating its financing programs. The company has diversified into renewable energy, sanctioning numerous wind and solar projects, and playing a vital role in government schemes like DDUGJY and SAUBHAGYA. As of 2023, Power Finance Corporation Limited holds a significant stake in REC, which continues to expand its portfolio, including raising USD 750 million through Green Bonds for sustainable energy projects.
Website recindia.nic.in
Founded 1969
Headquarters New Delhi