REC Limited

REC Limited, established in 1969, is a public financial institution owned by the Government of India, set up with a focus on supporting the power sector and playing a central role in electrifying rural areas and financing power-related projects nationwide. The company extends financial support across the power sector value chain, including generation, transmission, and distribution projects, and also finances renewable energy initiatives and broader power infrastructure. As a public company with the Government of India as its principal stakeholder, REC operates under the controlling interest of its parent, Power Finance Corporation (PFC), underscoring its strategic importance within the country's energy sector. REC continues to play a vital role in India's energy development, notably through financial support to state-owned power utilities, and is well positioned to tap opportunities in renewable energy and infrastructure. Access to a diverse funding base further supports its financial stability.