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REC Limited Held 56th Annual General Meeting (AGM)

REC Limited held its 56th AGM, reporting record financial growth, launching its 2nd Sustainability Report, and reaffirming its commitment to green, inclusive, and resilient energy solutions.

REC Limited Held 56th Annual General Meeting (AGM)

The 56th Annual General Meeting (AGM) of REC Limited was held today at 11:00 A.M. through Video Conferencing.

Shri Jitendra Srivastava, Chairman & Managing Director, chaired the meeting, which was attended by all the Directors on the Board of the Company.

He said, “During the year under review, REC achieved record operational and financial milestones, solidifying its position as a performance-driven public financial institution. Loan sanctions reached ₹3,37,179 crore, with disbursements of ₹1,91,185 crore, reflecting effective capital deployment in power and infrastructure. The loan book grew 11% year-on-year to ₹5.67 lakh crore, while net worth rose 13% to ₹77,638 crore. Total income increased 19% to ₹55,980 crore, and net profit after tax grew 12% to ₹15,713 crore, demonstrating robust growth, strong risk governance, and strategic engagement across the energy and infrastructure sectors.”

“At REC, our commitment goes beyond merely financing projects; we are dedicated to enabling the creation of a green, inclusive, and resilient energy ecosystem for India. ESG principles guide every decision we make, ensuring that sustainability is not an isolated objective but a core element of how we lead, invest, and impact the nation.”

Many shareholders were present at the meeting through Video Conferencing. With the requisite quorum present, the Chairman & Managing Director called the meeting to order and then delivered his speech.

On this occasion, the Chairman and the Board of Directors released REC’s second Sustainability Report, aligned with the Global Reporting Initiative (GRI) Universal Standards 2021, which outlines the company's Environmental, Social, and Governance (ESG) performance.

About REC Limited

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with the RBI as a Non-Banking Finance Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company (IFC). REC finances the entire power-infrastructure sector, comprising Generation, Transmission, Distribution, Renewable Energy, and new technologies such as Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, and Green Ammonia projects. More recently, REC Limited has also diversified into the non-power infrastructure sector, comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institutions, Hospitals), Ports, and Electro-Mechanical (E&M) works in various other sectors such as Steel and Refinery.

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REC Limited provides loans of various maturities to State, Central, and Private Companies for the creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been the nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), and the National Electricity Fund (NEF) Scheme, which resulted in the strengthening of the last-mile distribution system, 100% village electrification, and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). Additionally, REC has been given the responsibility of the PM Surya Ghar Muft Bijli Yojana by the Central Government.

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