REC Limited holds AGM, launches 3rd edition of ESG report UPDATED

New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power, Government of India, held its 57th Annual General Meeting (AGM) through Video Conferencing, providing shareholders an opportunity to be apprised of the Company’s performance and key achievements during the financial year 2025-26. 

Addressing the shareholders, Jitendra Srivastava, CMD, REC Limited, highlighted the Company’s strong financial and operational performance during FY2025-26 and its growing role as a trusted partner in India’s energy transition. He said that the year marked strong performance and strategic progress for REC amid a rapidly evolving global environment, with the Company continuing to focus on growth, resilience, sustainability, transparency and strong corporate governance. 

REC Limited delivered its best-ever performance in FY 2025-26, achieving record annual loan disbursements of Rs 2.11 lakh crore and sanctions of Rs 4.09 lakh crore. The Company reported a total income of Rs 59,187 crore and a net profit of Rs 16,282 crore, while its net worth crossed Rs 84,000 crore and gross loan assets reached Rs 5.84 lakh crore.

Strengthening its clean energy portfolio, REC sanctioned 58 renewable energy projects with a combined capacity of over 13,000 MW, providing loan assistance exceeding Rs 85,000 crore. The Company’s renewable energy loan assets crossed Rs 75,000 crore, while REC-financed projects have helped avoid nearly 7.6 million tonnes of CO₂ emissions. 

CMD Jitendra Srivastava unveiled the third edition of REC’s ESG Report, reaffirming the Company’s commitment to sustainable, inclusive and responsible growth. REC secured the highest ESG rating among 505 Indian companies in the NSE ESG ratings. Under its CSR initiatives, the Company allocated Rs 338 crore to healthcare, rural development, environment, sports and community development. The AGM also highlighted the ongoing REC–PFC merger, expected to strengthen financing capacity and improve credit flow across India’s power sector.