New Delhi: REC Limited held its 56th Annual General Meeting (AGM) on Wednesday through video conferencing. The meeting was chaired by REC Limited's Chairman & Managing Director (CMD) Jitendra Srivastava and attended by the company’s Board of Directors and shareholders.
Addressing the shareholders, REC CMD said that REC achieved record operational and financial milestones during FY'25, strengthening its position as a performance-driven public financial institution. Loan sanctions during the year stood at Rs 3,37,179 crore, while disbursements were at Rs 1,91,185 crore, highlighting effective capital deployment across power and infrastructure sectors.
The company’s loan book expanded by 11 percent year-on-year to Rs 5.67 lakh crore. Net worth grew 13 percent to Rs 77,638 crore, total income rose 19 percent to Rs 55,980 crore, and profit after tax (PAT) increased 12 percent to Rs 15,713 crore. “These results demonstrate robust growth, strong risk governance, and strategic engagement across the energy and infrastructure segments,” Srivastava said.
He further underlined REC’s focus on sustainability and green energy financing, stating, “At REC, our commitment goes beyond merely financing projects; we are dedicated to enabling the creation of a green, inclusive, and resilient energy ecosystem for India. ESG principles guide every decision we make, ensuring sustainability is not an isolated objective but a core element of how we lead, invest, and impact the nation.”
On the occasion, the Chairman and Board of Directors released REC’s second Sustainability Report. The report, aligned with the Global Reporting Initiative (GRI) Universal Standards 2021, provides an overview of the company’s Environmental, Social, and Governance (ESG) performance and its alignment with national and global sustainability goals.
The AGM was attended by shareholders through video conferencing, and with the requisite quorum present, the proceedings were formally conducted.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)