REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has received an ‘Excellent’ MoU rating for the financial year 2024–25, marking its third consecutive year in the top performance category. The rating was awarded by the Department of Public Enterprises (DPE), Ministry of Finance, based on the Memorandum of Understanding signed with its holding company, Power Finance Corporation Limited (PFC).
In addition, REC secured the fifth position in net profit parameters among all Central Public Sector Enterprises, according to the Public Enterprise Survey Report for FY 2024–25 released by the DPE, reflecting its strong financial standing among peer CPSEs.
The MoU evaluation framework, designed by the Government of India, assesses CPSE performance against clearly defined financial and operational benchmarks. The assessment focuses on measurable economic outcomes rather than effort-based indicators, aligning enterprise performance with national priorities, shareholder interests, and sectoral expectations laid down by the administrative ministry.
REC’s performance during FY 2024–25 was marked by robust financial health, superior asset quality, and sustained operational efficiency. The company demonstrated strong market competitiveness while maintaining high standards of corporate governance and ethical conduct.
The DPE’s annual Public Enterprise Survey further underlined REC’s consistent performance across key financial indicators, reinforcing its position as a leading non-banking financial company in the power sector.
With sustained recognition across multiple performance parameters, REC Limited continues to strengthen its role as a premier financier for India’s power infrastructure, supporting long-term growth and development in the energy sector.
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