What we do REC Ltd is a Maharatna Central Public Sector Enterprise providing long-term financing to India's power sector, primarily to public and private utilities for generation, transmission, distribution, and renewable energy projects. |
Founded in 1,969 |
Market share REC is a dominant NBFC in power sector financing with a comprehensive presence across generation, transmission & distribution, and a significant share in renewable energy financing. |
Problem solved It addresses funding gaps in power infrastructure development including generation capacity expansion, grid strengthening, rural electrification, and renewable energy, enhancing India's power availability and access. |
Top clients or who we serve Clients include state and central government power utilities, private power producers, and other infrastructure projects; primarily B2B with government enterprise dominance. |
Key management Shri Jitendra Srivastava (Chairman & Managing Director) with extensive experience in infrastructure and power sectors. |
Our journey and innovations Incorporated in 1969, gained Navratna and Maharatna status; pioneered inclusive rural electrification programs, launched India’s first Green Bonds, and diversified into non-power infrastructure financing. |
Where we operate Pan-India presence with financing activities nationwide; export markets via international borrowings and global bond listings. |
Top products or what we offer Long-term project loans for power generation (thermal, hydro, renewable), transmission & distribution, non-power infrastructure lending, and consultancy services through subsidiaries. |
Top brands REC Green Bonds - India's first PSU USD Green Bonds; RECPDCL - Subsidiary delivering transmission and distribution projects; flagship financing for large-scale renewable and conventional power projects. |
Raw materials needed Not applicable, as REC is a financial services company providing loans and consultancy. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Majority revenue is recurring from interest on long-term project loans; some cyclicality in loan sanctioning volumes tied to sectoral investments. |
Our industry position Market leader in power sector NBFC financing with highest credit ratings, sovereign-equivalent status, and strong government backing. |
Financial highlights FY 2024-25 Revenue Rs.55,911 crore, PAT Rs.15,713 crore, loan sanction Rs.3,37,179 crore, gross loan asset Rs.5.67 lakh crore, net worth Rs.77,638 crore, dividend payout 180%. |
Geographical revenue split Primarily India-focused operations supporting power utilities nationwide; international borrowings and bonds raised from global markets. |
Order book Robust loan sanctioning pipeline across generation, renewable energy, transmission, T&D, and new non-power infrastructure sectors. |
Whats driving growth Government policies promoting renewable energy, rural electrification, smart grids, and infrastructure development; increasing demand for clean energy finance. |
Our future plans Expanding non-power infrastructure financing, enhancing renewable energy project funding, digital transformation in project monitoring, and international capital raising. |
Our green promise Active issuer of Green Bonds funding renewable energy and energy efficiency projects; commitment to environmental sustainability and ESG integration. |
Our people and values Around 575 employees focusing on technical and financial expertise; culture emphasizes innovation, integrity, gender diversity, and employee development. |
Key challenges ahead Managing liquidity and credit risks amid sector reforms, ensuring asset quality, competitive pressures, and adapting to evolving regulatory environment. |
Interesting facts First Indian PSU to launch USD-denominated Green Bonds; major contributor to rural electrification; received India Pride Award for Best NBFC. |
Risks and strategy Credit risk mitigated by rigorous appraisal and monitoring; liquidity risk managed via diversified borrowings; operational risks addressed via technology and governance enhancements. |
