REC Limited held 56th AGM
Dated 2025-08-27

Gurugram, 27 August 2025: The 56th Annual General Meeting (AGM) of the REC Limited was held today at 11:00 A.M. through Video Conferencing.

Shri Jitendra Srivastava, Chairman & Managing Director chaired the meeting and was attended by all the Directors on the Board of the Company. Many shareholders were present at the meeting through Video Conferencing.

The Chairman & Managing Director then delivered his speech.

He said, “During the year under review, REC achieved record operational and financial milestones, solidifying its position as a performance-driven public financial institution. Loan sanctions reached ₹3,37,179 crore, with disbursements of ₹1,91,185 crore, reflecting effective capital deployment in power and infrastructure. The loan book grew 11% year-on-year to ₹5.67 lakh crore, while net worth rose 13% to ₹77,638 crore. Total income increased 19% to ₹55,980 crore, and net profit after tax grew 12% to ₹15,713 crore, demonstrating robust growth, strong risk governance, and strategic engagement across the energy and infrastructure sectors.”

“At REC, our commitment goes beyond merely financing projects; we are dedicated to enabling the creation of a green, inclusive, and resilient energy ecosystem for India. ESG principles guide every decision we make, ensuring that sustainability is not an isolated objective but a core element of how we lead, invest, and impact the nation.”

On this occasion, the Chairman and Board of Directors released REC’s second Sustainability Report, aligned with the Global Reporting Initiative (GRI) Universal Standards 2021, which outlines the company's Environmental, Social, and Governance (ESG) performance.

About REC LIMITED

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 is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government.