Corporate Profile
REC came into being in 1969 to articulate a response to the pressing exigencies of the nation. During the time of severe drought, the leaders sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. Thereafter, we have ventured into newer paths and expanded our horizons to emerge today, as a leader in providing financial assistance to the power sector in all segments, be it Generation, Transmission or Distribution.

They are a Navratna company under the Ministry of Power. They fund their business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings, on their own. Domestically, they hold the highest credit ratings from CRISIL, ICRA, IRRPL and CARE and internationally they are rated at par with the sovereign ratings. Under the discerning leadership of highly qualified and experienced professionals, which has effectively harnessed the individual talents of all their employees, they have maintained consistent profit margins and paid dividends each year since fiscal 1998. They have thus propelled themselves to a net worth of over ₹34,303 crore.

Their humble beginnings spearheaded their strides into the corporate world and to this day their commitment towards nation-building constitutes their core value. As a natural corollary, they have been appointed as the nodal agency by the Government of India for implementation of Saubhagya (Pradhanmantri Sahaj Bijli Har Ghar Yojana) and DDUGJY (Deendayal Upadhyaya Gram Jyoti Yojana), the schemes which aim at providing 24x7 sustainable and affordable powers to all households in the country. We have also been entrusted with the responsibility of being the coordinating agency for rolling out UDAY (Ujwal Discom Assurance Yojana) which seeks to operationally reform and financially turnaround the power distribution companies of the country.

Their two subsidiaries – RECPDCL (REC Power Distribution Company Limited) and RECTPCL (REC Transmission Project Company Limited) work in tandem with them to realise their shared mission by providing consultancy services in Distribution and Transmission sectors.

They take due cognizance of the fact that their owe their stupendous success to their customers, the unflinching commitment of their employees and their countrywide presence through 23 state offices which ensures easy accessibility. Having bolstered their share in the country’s total power capacity, they are poised to help build a sound infrastructure to provide affordable, accessible and sustainable power.