New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power, Government of India, held its 57th Annual General Meeting (AGM) on August 25, 2026, through video conferencing, where shareholders were apprised of the company’s performance and key achievements during FY 2025-26.
Addressing the shareholders, Jitendra Srivastava, Chairman & Managing Director, REC Limited, highlighted the company’s strong financial and operational performance during the year and its growing role as a trusted partner in India’s energy transition. He said REC continued to focus on growth, resilience, sustainability, transparency and strong corporate governance amid a rapidly changing global environment.
REC achieved its highest-ever annual disbursements of ₹2.11 lakh crore during FY 2025-26, while sanctions also reached a record ₹4.09 lakh crore. The company’s net worth crossed ₹84,000 crore, registering around 9% year-on-year growth, while its gross loan assets stood at ₹5.84 lakh crore as on March 31, 2026.
During the year, REC recorded a net profit of ₹16,282 crore and total income of ₹59,187 crore.
REC’s Renewable Energy Push
REC continued to expand its financing support for the clean energy transition. During FY 2025-26, the company sanctioned 58 renewable energy projects with an aggregate installed capacity of more than 13,000 MW, involving loan assistance of over ₹85,000 crore.
The company’s renewable energy loan assets crossed ₹75,000 crore, registering around 30% year-on-year growth. Projects financed by REC have cumulatively contributed to avoiding approximately 7.6 million tonnes of CO₂ emissions.
Third Edition of REC ESG Report Unveiled
During the AGM, Jitendra Srivastava, along with the Board of Directors of REC Limited, unveiled the third edition of the REC Environmental, Social and Governance (ESG) Report.
The Sustainability Report reflects REC’s continued commitment to enabling a green, inclusive and resilient energy ecosystem for India while advancing sustainable growth and responsible development. It also highlights the company’s efforts to create meaningful impact, strengthen communities and contribute towards a cleaner and more sustainable future.
On sustainability and responsible growth, Srivastava highlighted REC’s continued focus on Environmental, Social and Governance (ESG) priorities.
REC has received the highest rating in the National Stock Exchange’s ESG ratings among 505 Indian companies. The company also maintained strong risk-management and information-security frameworks, including ISO 31000:2018 and ISO 27001:2022 certifications.
₹338 Crore CSR Budget Allocated
REC also continued its focus on inclusive development through its Corporate Social Responsibility (CSR) initiatives.
During FY 2025-26, the company allocated a CSR budget of ₹338 crore towards healthcare, rural development, environment, sports, support to the armed forces, infrastructure and community development.
REC-PFC Restructuring Underway
Srivastava also spoke about the proposed restructuring of REC and Power Finance Corporation (PFC), announced in the Union Budget 2026-27.
He informed shareholders that the merger process is under progress and is expected to create benefits through enhanced balance-sheet strength, capital efficiencies and operational synergies. The proposed restructuring is also expected to support large-scale funding and improved credit flow across the power-sector value chain.
The 57th AGM was attended by Jitendra Srivastava, Chairman & Managing Director, along with members of the Board of Directors of REC Limited.
The AGM reaffirmed REC’s commitment to powering India’s growth, supporting the country’s energy transition and contributing towards the vision of Viksit Bharat @2047 through responsible financing, innovation, sustainability and stakeholder-focused governance.
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