New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power, held its 57th Annual General Meeting (AGM) through video conferencing on August 25, giving shareholders an overview of the company’s financial performance, operational achievements and strategic priorities during FY2025-26.
Addressing shareholders, Jitendra Srivastava, Chairman and Managing Director, REC Limited, highlighted the company’s strong financial and operational performance during the year and its expanding role in India’s energy transition.
He said FY2025-26 marked a year of strong performance and strategic progress for REC amid a rapidly changing global environment. The company continued to focus on growth, resilience, sustainability, transparency and strong corporate governance.
REC Records Highest-Ever Disbursements of ₹2.11 Lakh Crore
REC recorded its highest-ever annual disbursements of ₹2.11 lakh crore during FY2025-26, while sanctions also reached a record ₹4.09 lakh crore.
The company’s financial performance remained strong during the year. Its net worth crossed ₹84,000 crore, registering around 9% year-on-year growth, while gross loan assets stood at ₹5.84 lakh crore as of March 31, 2026.
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REC recorded a net profit of ₹16,282 crore and total income of ₹59,187 crore during FY2025-26.
The figures underline REC’s expanding role in financing India’s power sector and supporting investments across the electricity value chain.
Renewable Energy Financing Crosses ₹85,000 Crore
Highlighting REC’s contribution to India’s clean energy transition, Srivastava said the company sanctioned 58 renewable energy projects during FY2025-26.
These projects have an aggregate installed capacity of more than 13,000 MW and involve loan assistance exceeding ₹85,000 crore.
REC’s renewable energy loan assets also crossed ₹75,000 crore, recording approximately 30% year-on-year growth.
According to the company, projects financed by REC have cumulatively contributed to avoiding approximately 7.6 million tonnes of CO₂ emissions, reflecting its growing focus on sustainable and low-carbon energy infrastructure.
REC Launches Third Edition of ESG Report
A key highlight of the AGM was the launch of the third edition of REC’s Environmental, Social and Governance (ESG) Report.
Jitendra Srivastava, along with the Board of Directors, unveiled the latest report during the AGM.
The Sustainability Report reflects REC’s continued commitment towards developing a green, inclusive and resilient energy ecosystem while promoting sustainable growth and responsible development.
It highlights the company’s efforts to create meaningful social and environmental impact, strengthen communities and support India’s transition towards a cleaner and more sustainable energy future.
REC Gets Highest NSE ESG Rating Among 505 Companies
Srivastava also highlighted REC’s continued focus on its Environmental, Social and Governance priorities.
The company received the highest rating in the National Stock Exchange’s ESG ratings among 505 Indian companies, reflecting its performance on sustainability-related parameters.
REC has also maintained strong risk-management and information-security frameworks, including certifications under ISO 31000:2018 and ISO 27001:2022.
The company said these measures form part of its broader focus on responsible growth, operational resilience and robust corporate governance.
₹338 Crore CSR Budget Allocated in FY2025-26
REC also continued its focus on inclusive development through its Corporate Social Responsibility (CSR) initiatives.
During FY2025-26, the company allocated a CSR budget of ₹338 crore.
The funds were directed towards a range of areas, including healthcare, rural development, environment, sports, support for the armed forces, infrastructure and community development.
The initiatives are aimed at supporting communities and contributing to inclusive development alongside REC’s core role in financing India’s power sector.
REC-PFC Restructuring Underway
The CMD also discussed the proposed restructuring of REC and Power Finance Corporation (PFC), announced in the Union Budget 2026-27.
He informed shareholders that the proposed merger is currently under progress.
According to REC, the restructuring is expected to generate benefits through greater balance-sheet strength, capital efficiencies and operational synergies.
The proposed consolidation is also expected to support large-scale funding and improve credit flow across the power sector value chain.
REC Reaffirms Focus on Viksit Bharat @2047
The 57th AGM reaffirmed REC’s commitment to supporting India’s economic growth and energy transition through responsible financing, innovation, sustainability and stakeholder-focused governance.
The company said its continued expansion in renewable energy financing, strong financial performance and ESG initiatives are aligned with India’s broader development objectives and the vision of Viksit Bharat @2047.
The AGM was attended by Jitendra Srivastava, Chairman and Managing Director, REC Limited, along with members of the company’s Board of Directors.
About REC Limited
REC Limited, formerly known as Rural Electrification Corporation Limited, is a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India. The company is primarily engaged in financing projects across the power sector and plays an important role in supporting India’s power infrastructure, energy development and transition towards a more sustainable energy ecosystem.
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