REC Limited, an integral Non-Banking Financial Company (NBFC), is at the forefront of India's infrastructure development, particularly in the power sector and its ambitious green energy transition. Established in 1969 with a mandate to electrify rural India, REC has significantly expanded its scope to finance the entire power value chain, encompassing generation, transmission, distribution, and renewable energy.
Strategic Diversification and Financial Strength
Following its recognition with Maharatna status in September 2022, REC has broadened its financial mandate to include the wider infrastructure and logistics sectors. This strategic diversification aims to contribute up to 33% of its loan portfolio to these vital non-power segments, accelerating the nation's overall development.
- Net Profit (FY 25-26): ₹16,282 crore
- Loan Book (FY 25-26): ₹5.84 lakh crore
- Net Worth (FY 25-26): ₹84,290 crore
As of March 31, 2026, REC’s loan book in non-power infrastructure stands at ₹57,852 crore, representing approximately 10% of its total portfolio. The company projects this figure to grow to about 15% by FY 2030, underscoring its commitment to comprehensive infrastructure financing.
Catalyzing Green Energy Transition
India's ambitious target of achieving 500 GW of renewable energy capacity by 2030 and net-zero emissions by 2070 places REC at the heart of the green energy revolution. The NBFC prioritizes financing renewable energy projects, aiming for a 30% share of its business in this area.
With a target loan outstanding of ₹3 lakh crore for renewable energy by 2030, up from ₹75,347 crore in FY 25-26, REC is a key enabler of sustainable growth. The company has already extended financial assistance to renewable energy projects aggregating over 61,400 MW of installed capacity and actively supports new and emerging green technologies.
Partnering for National Development and Social Impact
REC serves as a trusted partner to the Government of India, playing a crucial role in implementing national schemes and policies. Its efforts range from universal village and household electrification to modernizing the power distribution sector and promoting rooftop solarization.
Beyond its core financial activities, REC is deeply committed to corporate social responsibility (CSR). With over ₹1,300 crore disbursed and a cumulative commitment exceeding ₹2,000 crore, the company invests in skill development, health, women empowerment, rural development, and environmental sustainability, fostering socio-economic progress across the country.
REC Limited's five decades of service have been instrumental in transforming India's power sector, illuminating homes, fostering economic growth, and paving the way for a sustainable future through its extensive infrastructure financing efforts.