REC Receives "NBFC of the Year" Award at Bharat NBFC & FinTech Summit & Awards 2026
Dated 2026-05-24

Mumbai/Gurugram: REC Limited has been honoured with the “NBFC of the Year” award at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026, recognising the company’s significant contribution towards financing and strengthening India’s infrastructure and power sector.

The award was received on behalf of REC by Shri Alok Kumar, CPM, REC Regional Office, Mumbai, during the award ceremony.

This recognition reflects REC’s continued commitment towards responsible financing, sustainable growth, and operational excellence. It also underscores the organisation’s unwavering dedication towards contributing to nation-building initiatives, maintaining stakeholder trust, and delivering long-term value across the financial ecosystem.

REC has consistently played a pivotal role in supporting India’s power and infrastructure development through innovative financial solutions and strategic investments aligned with the nation’s growth priorities.

The accolade further reinforces REC’s position as one of India’s leading NBFCs committed to excellence, transparency, and sustainable development.

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 been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS). Additionally, the Central Government has entrusted REC with the responsibility of implementing the PM Surya Ghar Muft Bijli Yojana.