REC Limited 57th AGM and ESG Report Highlights
On 26 August 2026, REC Limited, a Maharatna CPSE under the Ministry of Power, convened its 57th Annual General Meeting via video conferencing. Chairman and Managing Director Shri Jitendra Srivastava addressed shareholders, outlining FY2025‑26 performance and strategic initiatives.
Financially, the company recorded its highest ever annual disbursements of ₹2.11 lakh crore and sanctions of ₹4.09 lakh crore. Net worth surpassed ₹84 000 crore, reflecting approximately 9 % year‑on‑year growth, while gross loan assets stood at ₹5.84 lakh crore as of 31 March 2026. Net profit for the year was ₹16 282 crore on total income of ₹59 187 crore.
In the renewable energy segment, REC sanctioned 58 projects with a combined installed capacity of over 13 000 MW, extending loan assistance exceeding ₹85 000 crore. Renewable‑energy loan assets grew around 30 % to cross ₹75 000 crore, and the financed projects are estimated to have avoided roughly 7.6 million tonnes of CO₂ emissions.
During the AGM, REC unveiled the third edition of its Environmental, Social, Governance (ESG) report. The sustainability report highlighted the company’s commitment to a green, inclusive and resilient energy ecosystem. REC achieved the highest rating in the National Stock Exchange’s ESG rankings among 505 Indian companies. The firm also maintains ISO 31000:2018 risk‑management and ISO 27001:2022 information‑security certifications.
Corporate social responsibility spending for FY2025‑26 amounted to ₹338 crore, directed toward healthcare, rural development, environment, sports, support to the armed forces, infrastructure and community development.
Mr. Srivastava also briefed on the proposed restructuring of REC and Power Finance Corporation (PFC) announced in the Union Budget 2026‑27. The merger is progressing and is expected to enhance balance‑sheet strength, improve capital efficiency, generate operational synergies and support larger‑scale funding and better credit flow across the power‑sector value chain.
The meeting was attended by the Chairman‑MD and the Board of Directors, reaffirming REC’s commitment to powering India’s growth, supporting the energy transition and contributing to the vision of Viksit Bharat @2047 through responsible financing, innovation, sustainability and stakeholder‑focused governance.