AGM Overview
On August 26 2026, REC Limited, a Maharatna central public sector enterprise under the Ministry of Power, conducted its 57th Annual General Meeting via video conferencing. Chairman and Managing Director Shri Jitendra Srivastava addressed shareholders, emphasizing the company’s financial strength, operational performance for FY 2025‑26 and its expanding role in India’s energy transition.
Financial Performance
For the fiscal year ended March 31 2026, REC reported total income of ₹59,187 crore and a net profit of ₹16,282 crore. Net worth surpassed ₹84,000 crore, reflecting approximately 9 % year‑on‑year growth. Gross loan assets stood at ₹5.84 lakh crore. The company achieved its highest ever annual disbursements of ₹2.11 lakh crore and recorded record sanctions of ₹4.09 lakh crore.
Renewable Energy Financing
REC sanctioned 58 renewable‑energy projects with an aggregate installed capacity of more than 13,000 MW, providing loan assistance exceeding ₹85,000 crore. Renewable‑energy loan assets grew around 30 % YoY to ₹75,000 crore, and the financed projects are estimated to have avoided approximately 7.6 million tonnes of CO₂ emissions.
ESG and CSR Highlights
During the AGM the Board unveiled the third edition of REC’s Environmental, Social and Governance (ESG) report. The report notes that REC received the highest ESG rating from the National Stock Exchange among 505 Indian companies. The company maintains ISO 31000:2018 risk‑management and ISO 27001:2022 information‑security certifications. A CSR budget of ₹338 crore was allocated for healthcare, rural development, environment, sports, support to the armed forces, infrastructure and community development.
Merger with Power Finance Corporation
The Chairman reiterated the restructuring plan announced in the Union Budget 2026‑27, whereby REC will merge with Power Finance Corporation (PFC). The merger is progressing and is expected to deliver enhanced balance‑sheet strength, capital efficiencies, operational synergies and improved credit flow across the power‑sector value chain.
Outlook
The meeting reaffirmed REC’s commitment to supporting India’s growth, the national energy transition and the vision of “Viksit Bharat @2047” through responsible financing, innovation, sustainability and stakeholder‑focused governance.