New Delhi, August 25: REC Limited, a Maharatna CPSE under the Ministry of Power, held its 57th Annual General Meeting (AGM) through video conferencing on Tuesday, highlighting its financial performance, renewable energy financing and sustainability initiatives during 2025-26.
Addressing shareholders, REC Chairman and Managing Director Jitendra Srivastava said the company had maintained strong financial and operational performance while strengthening its role in India’s energy transition, with emphasis on growth, resilience, sustainability, transparency and corporate governance.
During FY2025-26, REC recorded its highest-ever annual disbursements of ₹2.11 lakh crore, while sanctions reached a record ₹4.09 lakh crore. Its net worth crossed ₹84,000 crore, registering around 9 per cent 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.
REC also expanded its renewable energy financing. During the year, it sanctioned 58 renewable energy projects with an aggregate installed capacity of more than 13,000 MW, involving loan assistance of over ₹85,000 crore. Its renewable energy loan assets crossed ₹75,000 crore, recording around 30 per cent 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.
During the AGM, Srivastava and the Board of Directors unveiled the third edition of REC’s Environmental, Social and Governance (ESG) Report, highlighting the company’s efforts towards a greener, inclusive and resilient energy ecosystem.
Srivastava said REC had received the highest rating in the National Stock Exchange’s ESG ratings among 505 Indian companies. The company also maintained its risk-management and information-security frameworks, including ISO 31000:2018 and ISO 27001:2022 certifications.
On corporate social responsibility, REC said it allocated ₹338 crore during FY2025-26 towards healthcare, rural development, environment, sports, support for the armed forces, infrastructure and community development.
The CMD also briefed shareholders on the proposed restructuring of REC and Power Finance Corporation announced in the Union Budget 2026-27. He said the merger process was underway and was expected to generate benefits through stronger balance sheets, capital efficiencies and operational synergies, enabling large-scale funding and improved credit flow across the power sector.
The 57th AGM reaffirmed REC’s focus on supporting India’s energy transition and contributing to the Viksit Bharat @2047 vision through responsible financing, sustainability, innovation and stakeholder-focused governance.
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