RECPDCL Signs Major Smart Metering Agreements for 33.26 Lakh Prepaid Meters in Gujarat
Dated 2025-07-10

RECPDCL, a wholly owned subsidiary of REC Limited, has signed the PIA Agreement and the DDF Agreement for the “Appointment of Advanced Metering Infrastructure (AMI) Service Provider for the rollout of 33.26 Lakh Smart Prepaid Metering (Phase-II Project) under the RDSS Scheme in Paschim Gujarat Vij Company Limited (PGVCL) jurisdiction on DBFOOT basis” on 10.07.2025 at Rajkot, Gujarat.

Further, the AMISP Contract Agreement was also signed by RECPDCL with M/s Bharat Grid Private Limited, a joint venture between Actis and EDF India.

The agreement was signed in the presence of Sh. K.P. Joshi, IAS, MD-PGVCL; Sh. T.S.C. Bosh, CEO-RECPDCL; Sh. Saurabh Rastogi, Executive Director-RECPDCL; Sh. R.J. Vala, Chief Engineer-PGVCL; Sh. Christophe Feuillard, CEO-BGPL; and other officials of PGVCL, RECPDCL, and M/s Bharat Grid.

The key benefits of the project include loss reduction, reduced downtime, better consumer engagement, and improved overall efficiency of the distribution sector.

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. The Loan Book of REC stands at ₹5.66 lakh crore, and Net Worth at ₹77,638 crores as on March 31, 2025.