New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, convened its 56th Annual General Meeting (AGM) virtually today. The meeting was chaired by CMD Jitendra Srivastava, alongside the Board of Directors and shareholders.
During the meeting, Srivastava highlighted record-breaking financial results and emphasized the company’s strategic role in power sector financing and sustainable infrastructure development.
FY25 Key Financial Highlights:
- Loan Sanctions: ₹3.37 lakh crore
- Disbursements: ₹1.91 lakh crore
- Loan Book Growth: 11% YoY to ₹5.67 lakh crore
- Net Profit After Tax: ₹15,713 crore (up 12%)
- Total Income: ₹55,980 crore (up 19%)
- Net Worth: ₹77,638 crore (up 13%)
ESG & Sustainability Focus:
REC also released its second Sustainability Report, aligned with GRI Universal Standards 2021, detailing its Environmental, Social and Governance (ESG) performance and initiatives.
“Sustainability is not an isolated objective but a core part of how we lead, invest, and contribute to nation-building,” Srivastava stated.
About REC Limited
REC Limited is one of India’s leading Non-Banking Financial Companies (NBFCs) and plays a vital role in financing the country’s power sector infrastructure. With its upgraded Maharatna status, REC continues to spearhead financial and operational reforms, combining legacy expertise with forward-thinking digital strategies.
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