REC Limited, a Maharatna Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been honored with the 'The Economic Times Infra Leadership Awards 2025.'
REC was recognized for its outstanding contribution in two categories for Best Infra Projects with Green Financing: the Mumbai Metro and the 500 MW Solar Project in Anantapur.
The award was received on behalf of REC by Mr. Kuldeep Rai, Executive Director, and Mr. Debasis Mitra, General Manager, at the second edition of The Economic Times Infra Leadership Summit and Awards.
The projects were commended for their scale, national importance, environmental impact, and strong alignment with India’s climate commitments:
Mumbai Metro: Recognized for setting a benchmark in low-carbon urban transport, significantly contributing to sustainable city development.
Anantapur 500 MW Solar Project: A landmark achievement in renewable energy financing, crucial for expanding India's clean energy capacity.
These honors reaffirm REC Limited’s leadership in driving India’s clean energy transformation. The recognition underscores REC Limited’s unwavering commitment to advancing low-carbon mobility, expanding renewable energy capacity, and supporting infrastructure that contributes to a greener and more resilient India.
Through its innovative financing solutions, REC continues to strengthen projects of national significance, playing a pivotal role in India’s journey towards Viksit Bharat 2047 and global sustainability goals.
About REC LIMITED
REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. 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 Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.
REC Limited provides loans of various maturities to State, Central and Private Companies for 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 nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS). Additionally, the Central Government has entrusted REC with the responsibility of implementing the PM Surya Ghar Muft Bijli Yojana.
