REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power and a leading non-banking financial company (NBFC), announced significant achievements in loan disbursements for the third quarter of FY25. The company reported disbursing ₹54,692 crore in loans, marking a year-on-year (YoY) increase of 17.98%. Renewable energy loans witnessed an impressive 58.09% growth, reaching ₹6,314 crore during the same period.
For the nine months of FY25 (April to December 2024), REC disbursed a total of ₹1,45,647 crore in loans, reflecting a 19.30% growth compared to ₹1,22,089 crore in the corresponding period of FY24. Renewable energy loans for this period stood at ₹17,612 crore, up by a remarkable 78.68% YoY, emphasizing REC’s commitment to driving sustainable energy solutions.
About REC Limited
REC is a Maharatna CPSE under the Ministry of Power, registered with the Reserve Bank of India (RBI) as an NBFC, Public Financial Institution (PFI), and Infrastructure Financing Company (IFC). REC plays a pivotal role in financing power infrastructure projects, spanning generation, transmission, distribution, renewable energy, and emerging technologies like electric vehicles, battery storage, green hydrogen, and ammonia projects.
In FY23, REC diversified into non-power infrastructure sectors, including roads, expressways, metro rail, airports, IT communication, and social infrastructure like educational institutions and hospitals. The company’s loan book reached ₹5.46 lakh crore, with a net worth of ₹72,893 crore as of September 30, 2024.
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REC continues to serve as a strategic partner in flagship government schemes like SAUBHAGYA, DDUGJY, and RDSS, which aim to strengthen India’s power distribution infrastructure. Additionally, REC has been designated as the National Program Implementation Agency (NPIA) for the PM Surya Ghar Muft Bijli Yojna, reaffirming its critical role in India’s electrification and green energy transitions.
