REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, held its 57th Annual General Meeting (AGM) through video conferencing, presenting shareholders with an overview of the company’s financial performance, operational achievements and progress across sustainability and responsible development during FY2025-26.
Addressing shareholders, Jitendra Srivastava, Chairman & Managing Director, REC Limited, highlighted the company’s strong financial and operational performance during the year and its expanding role in financing India’s energy transition. He said FY2025-26 marked a period of strong growth and strategic progress for REC amid a rapidly changing global environment, with the company continuing to focus on resilience, sustainability, transparency, corporate governance and long-term value creation.
Record Financial and Operational Performance
REC recorded several significant milestones during FY2025-26. The company achieved its highest-ever annual disbursements of ₹2.11 lakh crore, while loan sanctions reached a record ₹4.09 lakh crore.
Its net worth crossed ₹84,000 crore, representing approximately 9% year-on-year growth, while gross loan assets stood at ₹5.84 lakh crore as of March 31, 2026.
The company reported a net profit of ₹16,282 crore and total income of ₹59,187 crore during the financial year, underscoring its continued position as a major financing institution within India’s power sector.
Renewable Energy Financing Gains Momentum
REC’s growing role in India’s clean energy transition was another key focus of the AGM.
During FY2025-26, the company sanctioned 58 renewable energy projects with an aggregate installed capacity of more than 13,000 MW. These projects involved loan assistance exceeding ₹85,000 crore.
REC’s renewable energy loan assets also crossed ₹75,000 crore, registering 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, highlighting the environmental impact associated with its growing renewable energy financing portfolio.
The increased focus on renewable projects reflects the changing financing requirements of India’s power sector as the country works to expand clean energy capacity while maintaining grid reliability and supporting long-term energy security.
REC Unveils Third ESG Report
During the AGM, REC also unveiled the third edition of its Environmental, Social and Governance (ESG) Report.
The report outlines the company’s ongoing efforts towards building a greener, more inclusive and resilient energy ecosystem while integrating sustainability and responsible business practices into its operations.
REC highlighted its focus across environmental responsibility, social development, governance, risk management and stakeholder engagement. The company said its ESG approach is aimed at creating meaningful community impact while supporting India’s broader sustainable development and energy-transition objectives.
REC also stated that it received the highest rating in the National Stock Exchange’s ESG ratings among 505 Indian companies.
On governance and risk management, the company continued to maintain frameworks aligned with ISO 31000:2018 for risk management and ISO 27001:2022 for information security.
₹338 Crore CSR Allocation
REC’s social-development efforts also remained an important component of its responsible-growth strategy.
During FY2025-26, the company allocated a CSR budget of ₹338 crore across areas including:
- Healthcare
- Rural development
- Environment
- Sports
- Support for the armed forces
- Infrastructure development
- Community development
The initiatives form part of REC’s broader approach to supporting communities alongside its core role as a power-sector financier.
Proposed REC-PFC Restructuring
The AGM also addressed the proposed restructuring involving REC and Power Finance Corporation (PFC), announced as part of the Union Budget 2026-27.
Srivastava informed shareholders that the merger process is currently underway and is expected to generate benefits through greater balance-sheet strength, capital efficiencies and operational synergies.
The proposed restructuring is intended to strengthen financing capabilities and support larger-scale funding across India’s power-sector value chain, potentially improving the flow of credit to projects associated with the country’s expanding energy and infrastructure requirements.
Supporting India’s Viksit Bharat Vision
The 57th AGM highlighted REC’s evolving role beyond conventional power-sector financing. With rising investments in renewable energy, sustainability, infrastructure and community development, the company is positioning itself as a financial partner in India’s broader energy transition.
The combination of record financial performance, expanding renewable-energy financing, ESG integration and CSR investments reflects REC’s stated focus on responsible growth and long-term stakeholder value.
The company reaffirmed its commitment to supporting India’s energy security and clean-energy transition while contributing to the vision of Viksit Bharat @2047 through responsible financing, innovation, sustainability and strong corporate governance.
The AGM was attended by Jitendra Srivastava, Chairman & Managing Director, along with members of the Board of Directors of REC Limited.
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