New Delhi: REC Limited held its 57th Annual General Meeting (AGM) on Tuesday, where Chairman and Managing Director Jitendra Srivastava addressed shareholders and highlighted the company’s continued commitment to financing India’s accelerated development while delivering sustained business performance and creating value for investors and stakeholders.
The AGM was conducted through video conferencing, with REC’s Board of Directors and senior management participating from the company’s Corporate Office in Gurugram.
Jitendra Srivastava Addresses REC Shareholders
During his address, Jitendra Srivastava highlighted REC’s important role in supporting India’s infrastructure and development requirements.
He emphasised the company’s continued focus on financing India’s accelerated development while maintaining robust business performance. REC also reiterated its commitment to creating value for investors and other stakeholders through sustainable and responsible growth.
The AGM brought together the company’s leadership, Board members and shareholders through a virtual platform, enabling investors to engage with the management and raise questions on matters concerning the company.
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REC Unveils Third Edition of ESG Report
A major highlight of the 57th AGM was the unveiling of the third edition of REC Limited’s Environmental, Social and Governance (ESG) Report.
Jitendra Srivastava, along with the company’s Board of Directors, unveiled the latest ESG report at the REC Corporate Office in Gurugram. The report underlines REC’s continued efforts to integrate sustainability into its business strategy and development priorities.
The latest ESG report focuses on three key areas:
- Environmental stewardship: Supporting a greener and more sustainable energy ecosystem.
- Social responsibility: Creating meaningful and measurable impact for communities and stakeholders.
- Governance: Promoting responsible, transparent and sound governance practices.
REC Strengthens Sustainable Development Focus
The third edition of the ESG report reflects REC’s evolving approach towards building a greener, more inclusive and resilient energy ecosystem for India.
As a key institution supporting the country’s power sector, REC’s sustainability initiatives are aimed at advancing responsible development while contributing to India’s broader clean energy and climate goals.
The company’s ESG initiatives focus on:
- Strengthening communities through social responsibility initiatives.
- Promoting responsible practices across its operations and stakeholder ecosystem.
- Integrating environmental and social priorities into business strategies.
- Supporting sustainable infrastructure development.
- Contributing to India’s transition towards a more resilient energy ecosystem.
ESG Report Highlights REC’s Role in Energy Transition
REC’s ESG journey reflects the growing importance of sustainable finance and responsible institutional practices in India’s energy transition.
By aligning its operations with environmental and social priorities, the company is seeking to balance economic growth with long-term resilience and inclusive development.
The report also emphasises the importance of collective action in creating a cleaner and more sustainable future. REC’s initiatives demonstrate how financial institutions supporting the power sector can contribute to:
- Sustainable infrastructure development.
- Community empowerment.
- Responsible institutional practices.
- India’s clean energy and climate objectives.
- A more resilient energy ecosystem.
Shareholders Raise Queries at AGM
The 57th AGM also provided shareholders with an opportunity to interact directly with REC’s leadership.
Following the CMD’s address, shareholders raised various queries, which were addressed by Jitendra Srivastava and members of the Board of Directors.
The interaction highlighted REC’s continued focus on transparent communication and stakeholder engagement. It also provided investors with an opportunity to understand the company’s development priorities and sustainability initiatives.
REC Focuses on Responsible Value Creation
The unveiling of the third ESG report at the AGM marks another step in REC’s ongoing sustainability journey.
The company’s ESG efforts underline its focus on greater accountability, transparency and responsible value creation. With sustainability becoming increasingly important to India’s development trajectory, REC is seeking to support a future where energy growth, environmental responsibility and social progress move forward together.
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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