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Corporate Profile

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REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).

REC was incorporated in 1969 in the backdrop of severe drought and famine in the country, to energise agricultural pump-sets for irrigation purposes, thereby reducing the dependency of agriculture on monsoons. From its humble beginnings, REC has evolved and expanded its financing mandate to cover the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen etc. More recently REC has also diversified into the Non-Power Infrastructure sector comprising Roads & Highways, Metro Rail, Airports, Ports, IT Communication, etc.

• REC provides long terms loans and other financing products to State, Centre and Private Companies for creation of infrastructure assets in the country.
   
• As on 30.06.2025, REC had a Loan Book of ₹5,84,568 Cr with 87% loans to state sector. The Net Worth of the company stood at ₹79,688 Cr.
   
• As per Public Enterprises Survey FY 2023-24, REC is ranked 9th in term of Net Profit among all the profit making CPSEs in the country.
   
• REC funds its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings.
   
• REC enjoys highest Domestic Rating of “AAA” for long-term borrowing from IRRPL, CRISIL, and ICRA. On international basis, REC holds rating of “Baa3” from Moody’s and “BBB-” from Fitch, both at par with sovereign ratings.
   
• REC has a countrywide presence through 20 state offices for effective service delivery.
   
• A Strategic Partner to the Government of India: REC continues to play a key strategic role in the flagship schemes of the Government for the power sector.
   
  • In the past, REC has been associated as nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY) and National Electricity Fund (NEF) Scheme. These schemes resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country.
     
  • Currently, as a nodal agency for the Revamped Distribution Sector Scheme (RDSS), REC is contributing to improve health of DISCOMS by ensuring quality, accountability & reliability in power supply nationwide.
     
  • The Company is also serving as the National Project Implementation Agency for the GoI's Rooftop Solar Initiative called “PM Surya Ghar Muft Bijli Yojana”.

 

REC Power Development and Consultancy Limited (RECPDCL): The wholly owned subsidiary of REC , which provides a range of value added consultancy services in the power sector. Visit RECPDCL Website (https://www.recpdcl.in)

REC Institute of Power Management &  Training (RECIPMT): A Training Institute established at Hyderabad in 1979 with the objective to design and conduct training programmes on various topics of Power Sector. Visit RECIPMT Website (https://www.recipmt.com)