REC Limited is a Public Sector Enterprise under the Administrative control of Ministry of Power, Government of India and is a leading Public Financial Institution which has been accorded highest credit ratings by CRISIL, ICRA and CARE India Ratings. Internationally, it holds long-term borrowing ratings of ‘BBB’ and ‘Baa3’ from Fitch and Moody’s respectively, which are at par with the sovereign ratings for India.
REC funds its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings, on our own. REC has maintained consistent profit margins and paid dividends each year since fiscal 1998.
With a Net Worth of over USD 6.6 Billion (as on 31st December, 2022), the company performs a major role in channelizing investments into the power sector and finances all segments of the power sector, i.e. Generation, Transmission, Distribution and Renewable Energy. Recently, REC has also diversified into non-power infrastructure & logistics sector to cover areas such as airports, metro, railways, ports, bridges, etc. REC leverages its pan-India network of 22 regional offices across India for development and conduct of business.
