From shaping India’s power sector landscape to accelerating the development of the non-power infrastructure sector, REC has evolved into India’s leading non-banking financial company, offering cost-effective and innovative financial products. As India moves towards its ambitious target of net zero emissions by 2070, we are on track by significantly increasing our green loan book. Beyond our role as financers of development, we have also been playing a strategic role as the nodal agency for power-sector flagship schemes including #SAUBHAGYA, #DDUGJY, #NEF, #RDSS, and most recently, the PM Surya Ghar Muft Bijli Yojana. Further, our innovations, such as the ‘SUGAM REC’ mobile app, are ushering in a new era of convenience for 54EC Capital Tax Exemption Bond holders, enabling us to move beyond customer satisfaction to customer delight. In its latest edition, the Open Magazine takes a deep dive into the various achievements and latest developments in REC. #RECLimited #SustainableEnergy #NetZeroEmissions #GreenFinancing #InfrastructureDevelopment #IndiaGrowthStory #CleanEnergyFuture #RenewableEnergy #EnergyTransition #leadership, #finance
REC Limited
Financial Services
Gurugram, Haryana 20,860 followers
Over five decades of driving power sector growth through comprehensive financial and technical solutions
About us
REC came into being in 1969 to articulate a response to the pressing exigencies of the nation. During the time of severe drought, the leaders sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. Thereafter, we have ventured into newer paths and expanded our horizons to emerge today, as a leader in providing financial assistance to the power sector in all segments, be it Generation, Transmission or Distribution. As a Maharatna company under the administrative control of the Ministry of Power, we have been rated ‘Excellent’ in terms of the MoUs signed with the Government for 22 consecutive years. Under the discerning leadership of highly qualified and experienced professionals, which has effectively harnessed the individual talents of all our employees, we have maintained consistent profit margins and paid dividends each year since fiscal 1998. We have thus propelled ourselves to a net worth of over ₹50,000 crore. Nation-building constitutes our core value. As a natural corollary, we have been appointed as the nodal agency by the Government of India for implementation of schemes like UDAY, DDUGJY and Saubhagya. Our subsidiary – RECPDCL (REC Power Development & Consultancy Limited) works in tandem with us to realise our shared mission by providing consultancy services in Distribution and Transmission sectors. We take due cognizance of the fact that we owe our stupendous success to our customers, the unflinching commitment of our employees and our countrywide presence through 23 offices which ensures easy accessibility. Having bolstered our share in the country’s total power capacity, we are poised to help build a sound infrastructure to provide affordable, accessible and sustainable power.
- Website
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https://recindia.nic.in
External link for REC Limited
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Gurugram, Haryana
- Type
- Public Company
- Founded
- 1969
Locations
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Primary
Plot No. I-4, CITY CENTRE
Sector 29
Gurugram, Haryana 122001, IN
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Core-4, SCOPE Complex,
7 Lodhi Road
New Delhi, Delhi 110003, IN
Employees at REC Limited
Updates
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Honouring the dedication and integrity of our CA professionals, we celebrated the Chartered Accountant Day with great enthusiasm. Here are a few glimpses from the observance held at the REC Corporate Office, Gurugram. Our regional offices from across India also joined the celebration through video conference. Sh. Harsh Baweja, Director (Finance), addressed all the CAs in the organization and encouraged them to keep upholding the values of integrity, professionalism, and continuous learning, leading REC and India towards greater economic prosperity with sustainability. #rec #reclimited #finance #leadership #CharteredAccountant #CADay #ICAI #CAProfession #CACommunity #CACelebration #TaxExperts #FinanceExperts #NationalCADay #ThankYouCAs
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#REC wishes all chartered accountants a happy #CharteredAccountantDay. The dedication and expertise of these professionals has been instrumental in maintaining our company's constant growth and has helped us break new profit records. We salute them for their invaluable contribution to our business and the country's economy! #CharteredAccountant #CADay #ICAI #CAProfession #CACommunity #CACelebration #Finance #RECLimited #TaxExperts #FinanceExperts #reclimited
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आरईसी लिमिटेड की सीएसआर इकाई आरईसी फाउंडेशन द्वारा जीएसवीएम मेडिकल कॉलेज को हाईटेक उपकरणों के लिए ₹9.98 करोड़ की वित्तीय सहायता प्रदान करने पर विभिन्न समाचारपत्रों में प्रकाशित खबरें। आरईसी की सीएसआर इकाई आरईसी फाउंडेशन ने कानपुर स्थित जीएसवीएम मेडिकल कॉलेज को मेडिकल उपकरणों के लिए ₹9.98 करोड़ की वित्तीय सहायता प्रदान की है। इससे कैंसर, एचआईवी, एप्लास्टिक, एनीमिया से पीड़ित गंभीर मरीज़ों को राहत मिलेगी ही साथ ही क्रिटिकल केयर की तस्वीर भी बदलेगी। आरईसी फाउंडेशन द्वारा दिए गए आर्थिक सहयोग से पांच मोबाइल आइसोलेशन रूम (पोर्टेबल आईसीयू, पांच प्लाज्मा एयर डिकंटैमिनेशन डिवाइस और एक लैप्रोस्कोपिक इंडोविजन सिस्टम विद स्टैपलर मिलेंगे। आरईसी फाउंडेशन द्वारा देश में स्वास्थ्य सुविधाओं को बेहतर बनाने के लिए अनेक गतिविधियां क्रियान्वित की जा रही हैं। स्वास्थ्य क्षेत्र में हाईटेक सुविधाओं के साथ-साथ बड़े बदलाव लाने के प्रति आरईसी प्रतिबद्ध है। आरईसी के इस सहयोग से स्वास्थ्य के क्षेत्र में उल्लेखनीय सुधार हो रहे हैं। #RECFoundation #HealthcareSupport #MedicalEquipment #REC #CSRInitiative #GSVMMedicalCollege #RECLimited #HealthCareImprovement #CriticalCare #MedicalAdvancements #CommunityWelfare
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बैडमिंटन खिलाड़ी तन्वी शर्मा को उनकी शानदार जीत की हार्दिक बधाई! भारतीय बैडमिंटन खिलाड़ी तन्वी शर्मा ने बेहतरीन प्रदर्शन करते हुए एशिया जूनियर बैडमिंटन चैंम्पियनशिप में जीत दर्ज कर शानदार आगाज़ किया है। इंडोनेशिया में आयोजित टूर्नामेंट में भारत का प्रतिनिधित्व करते हुए तन्वी शर्मा ने वियतनाम को शिकस्त दी। अपने कौशल और दृढ़ संकल्प के साथ तन्वी शर्मा ने 2023 में सीनियर एशियन चैंम्पियनशिप में स्वर्ण पदक जीतकर देश को गौरवान्वित किया था। महारत्न कंपनी आरईसी लिमिटेड, टारगेट ओलंपिक पोडियम स्कीम (#टॉप्स) के तहत एथलीटों का सहयोग कर रही है। आरईसी , देश में खेलों को प्रोत्साहन देने के लिए प्रयासरत है और इसी के तहत सीएसआर के माध्यम से खिलाड़ियों के सर्वांगीण विकास के लिए कंपनी के द्वारा 100 करोड़ रुपये दिए गए हैं। #TanviSharma #Badminton #Olympics #India #RECLindia #EmpoweringChampions #RECxTanviSharma #REC_CSR #RECFoundation #RECLimited #Sports #IndiaWon #Indonesian #Vietnam #JuniorBadminton
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Congratulations to our Indian shuttlers! You have made headlines with your smashing victory at the Badminton India Junior Mixed Team Championships in Indonesia! The young Indian badminton players have made an outstanding beginning with their 5-0 win against Vietnam! Every player's performance reflected the determination and hardwork that brought our nation this sweeping victory! We wish them luck for all the upcoming matches. REC Ltd. is delighted to be a part of their preparatory journey. Through our CSR wing, the REC Foundation, we have been dedicatedly cultivating and nurturing sports talent in India. Badminton is a focal sport under this initiative that we run in collaboration with Sports Authority of India. #IndianShuttlers #BadmintonVictory #JuniorChampionships #TeamIndia #RisingStars #SportsTalent #REC_CSR #RECLindia #CSRSports #RECFoundation #SAICollaboration #BadmintonIndia #VictoryAgainstVietnam #RECLimited #ProudMoment #YouthSports #IndiaForSports #ShuttleSmash
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Heartiest congratulations to the Indian Cricket Team on their outstanding win! The Indian team's spectacular victory in #T20WC 2024 is a moment of immense joy for the entire nation. The team's consistent performance throughout the tournament showcases its sheer hardwork and determination! This '#Maharatna' salutes our Men in #Blue! REC is at the forefront of supporting the promotion of sports in our nation. Through its CSR wing, the REC Foundation, #REC is actively working towards the identification and incubation of sports talents, right from the grassroot level. #T20WorldCup2024 #RECLIndia #T20WorldCupFinal #ViratKohli #MSDhoni #SuryakumarYadav #RohitShamra #RECLimited #RECFoundation
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In another step by REC towards the cause of sanitation facilities, a 20 seated Community Toilet Complex for women and men with provision of running water in slum areas of Dayal Nagar, Faridabad, was inaugurated on June 29, 2024. The facility was inaugurated on Sat, 29th June 2024 by two Independent Directors on Board of REC, Dr Manoj Pande and Dr Durgesh Nandini, in the presence of senior officials of REC and M/s Sulabh International, our implementing partner, will cater to the public of this busy market area with heavy footfall and no similar facility in the neighbourhood. #SanitationForAll #RECLimited #CommunityToilets #RECLindia #CleanIndia #RECInitiative #SulabhInternational #DayalNagar #Faridabad #PublicHealth #REC_CSR #SocialGood #RECFoundation #CommunityWelfare
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With the aim of enhancing research, education and patient care, the REC Foundation, the CSR arm of REC Ltd., has signed a Memorandum of Agreement (MoA) with the GSVM Medical College in Kanpur. During the signing ceremony, Sh. Shambhu Gupta, CPM, REC Regional Office, Lucknow represented the REC Foundation and Dr. Sanjay Kala, Principal and Dean, represented GSVM Medical College. Under this MoA, a support of ₹9.98 crore would be extended for the procurement of advanced medical equipments. This would go a long way in improving the healthcare infrastructure of Kanpur and adjoining areas. With this aid, advanced equipment including 5 Plasmair units for air decontamination, 5 Rediroom mobile isolation rooms, along with laparoscopic staplers and IMAGE1 S Rubina EndoVision system 4K, 3D will be procured. These cutting edge equipment will be the first of their kind in the state and will help in ensuring that the best medical facilities are available to the last mile. #RECFoundation #CSR #HealthcareInnovation #MedicalAdvancement #KanpurHealthcare #REC #GSVMMedicalCollege #RECLimited #MedicalEquipment #HealthcareSupport #CommunityCare #AdvancedHealthcare #CSRInitiative #HealthcareInfrastructure #MedicalTechnology #PatientCare #EndoVisionSystem #AirDecontamination #MobileIsolationRooms #RECLIndia
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REC’s robust corporate governance practices are one of the key factors contributing to the constant growth and success of the company. Let us hear Sh. J. S. Amitabh, ED and Company Secretary, REC Ltd., as he shares insights on the exemplary practices and the standards set by #REC in terms of transparency and corporate governance. #RECLeadersSpeak #RECLeadersLens #RECLimited #RECLeadership #PoweringProgress #RECLindia #InspirationalLeaders #VisionaryVoices #NBFC #LeaderSpeak #LeadershipJourney #RECInspires #VisionToAction #PowerfulLeaders