The India Energy Stack (IES) Taskforce has reviewed its final report, outlining the roadmap for scaling one of India’s largest digital public infrastructure initiatives. The India Energy Stack (IES) Taskforce has reviewed its final report, outlining the strategy, technology architecture, governance framework and implementation roadmap for scaling one of India’s largest digital public infrastructure initiatives....
Tag: REC
Post
Post
REC Profit Tops ₹75 Billion as Loan Book Crosses ₹6.17 Trillion
The power sector financier’s strong H1 FY2026-27 performance was driven by growth in its loan book, renewable energy portfolio and disbursements. State-run power sector financier REC Ltd reported a profit after tax (PAT) of ₹75.4 billion for the first half of FY2026-27, supported by strong growth in its loan book, renewable energy portfolio and disbursements....
Post
REC Issues India’s First Tokenised Corporate Bonds Under SEBI Sandbox
The issue drew an overwhelming response, recording a book‑building of ₹7.96 billion and oversubscription of nearly eight times. Power sector financier REC, under the Ministry of Power, has achieved a landmark in India’s capital markets with the issuance of the country’s first pilot issue of tokenised corporate bonds under the Securities and Exchange Board of India...
Post
REC, PFC Seal ₹268.5 Billion Loan Deal for 2,400 MW Meja Thermal Project
Located in Prayagraj district, the project will add 2,400 MW through three ultra‑supercritical 800 MW units. REC Ltd and PFC Ltd, India’s leading power sector financiers, have signed a ₹268.5 billion common loan agreement with Meja Urja Nigam Pvt Ltd (MUNPL) to fund the second stage of the Meja Thermal Power Project in Uttar Pradesh....
Post
REC Declares First Interim Dividend as Q1 Profit Jumps 23%
The company’s standalone loan book stood at ₹5.9 trillion as of June 30, the largest for any central government-owned NBFC in India. REC Ltd, the power sector financier, on Friday approved its standalone and consolidated financial results for the quarter ended June 30, 2026, declaring its first interim dividend of ₹4.25 per share for FY2026‑27....
Post
PFC-REC Merger Scheme Approved by Boards, Creating ₹11 Trillion Power Financing Giant
Once completed, the merger will strengthen India’s ability to finance large-scale power and renewable energy projects through a unified, globally competitive institution. The boards of Power Finance Corp. Ltd (PFC) and REC Ltd (REC) have approved a merger scheme that will combine India’s two leading government-backed power sector financiers into a single entity with a...
Post
Accelerating Sustainable Energy Sector Growth with the Power of AI
As the leading Maharatna non-banking financial company (NBFC), REC Ltd is harnessing the potential of AI and Big Data to unlock a new era of enhanced efficiency and service excellence. Artificial intelligence (AI) and machine learning (ML)—the imitation by computers and robots of the intelligence inherent in humans for planning, decision-making, improved communication and processing...
Post
REC Achieves ISO 31000 Certification, a First for India’s Public Sector NBFCs
With this, REC becomes the first public sector NBFC in India to be certified under ISO 31000, marking a new milestone in institutional risk governance. Government-owned non-banking financial company REC Ltd has received ISO 31000:2018 certification for its enterprise-wide risk management framework. The achievement makes REC—a Maharatna PSU—the first Indian public sector NBFC to attain...
Post
REC Wins Leading CSR and Sustainability Award for Healthcare Support
REC, a Maharatna central public sector enterprise (CPSE) and a leading non-banking finance company under the Ministry of Power, has been conferred with the Corporate Social Responsibility & Sustainability Award 2024 in the category of ‘Excellence in Providing Support to Healthcare’ by the industry chamber ASSOCHAM. The award was presented during the sixth edition of the...
Post
REC Reports Strong Profit Growth
Power sector financier, REC, has reported a robust profit after tax of Rs.157.13 billion for the financial year ended March 31, 2025, driven by strong growth across all verticals, recalibration of interest rates on loan assets, and effective financial cost management. Earnings per share rose to Rs.59.55, up from Rs.53.11 in the previous year. The...