The power sector financier recorded a net profit of ₹16,282 crore and sanctioned over ₹85,000 crore in renewable energy loans during the financial year.
New Delhi, August 25, 2026: REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, held its 57th Annual General Meeting (AGM) through video conferencing on Tuesday and launched the third edition of its Environmental, Social and Governance (ESG) report.
Addressing shareholders, Jitendra Srivastava, Chairman and Managing Director of REC, highlighted the company’s financial and operational performance for the financial year 2025-26, along with its expanding role in financing India’s energy transition. He said REC continued to focus on growth, resilience, sustainability, transparency and corporate governance amid a changing global environment.
REC Records Strong Financial Performance
REC achieved its highest-ever annual disbursements of ₹2.11 lakh crore in FY26, while loan sanctions reached a record ₹4.09 lakh crore.
The company’s net worth crossed ₹84,000 crore, registering year-on-year growth of around 9%. Its gross loan assets stood at ₹5.84 lakh crore as of March 31, 2026.
During the financial year, REC reported a net profit of ₹16,282 crore and total income of ₹59,187 crore, reflecting its continued role in financing projects across India’s power sector.
Renewable Energy Financing Gains Momentum
Highlighting REC’s contribution to clean energy development, Srivastava said the company sanctioned 58 renewable energy projects with a combined installed capacity of more than 13,000 MW during FY26. These projects involved loan assistance exceeding ₹85,000 crore.
REC’s renewable energy loan assets crossed ₹75,000 crore, recording year-on-year growth of approximately 30%.
According to the company, projects it has financed have cumulatively helped avoid around 7.6 million tonnes of carbon dioxide emissions.
Third Edition of ESG Report Unveiled
During the AGM, the REC CMD and the Board of Directors unveiled the third edition of the company’s ESG report. The report outlines REC’s efforts to support a greener, more inclusive and resilient energy ecosystem while promoting sustainable growth and responsible development.
The company also highlighted its ESG performance, stating that it received the highest rating in the National Stock Exchange’s ESG ratings among 505 Indian companies.
REC said it continued to maintain its risk-management and information-security frameworks, including ISO 31000:2018 and ISO 27001:2022 certifications.
₹338 Crore Allocated for CSR Initiatives
REC continued its corporate social responsibility initiatives during FY26, allocating a CSR budget of ₹338 crore. The funds were earmarked for healthcare, rural development, environmental initiatives, sports, support for the armed forces, infrastructure and community development.
REC-PFC Restructuring Under Progress
Srivastava also discussed the proposed restructuring of REC and Power Finance Corporation (PFC), announced in the Union Budget 2026-27.
He said the process was under way and could create benefits through stronger balance sheets, capital efficiencies and operational synergies. The proposed restructuring is expected to support large-scale financing and improve credit flow across the power sector value chain.
The AGM was attended by Srivastava and members of REC’s Board of Directors. The company reiterated its commitment to supporting India’s energy transition and contributing to the vision of Viksit Bharat @2047 through responsible financing, innovation, sustainability and stakeholder-focused governance.
