REC Limited

REC Limited is a leading 'Maharatna' company owned by the Government of India and is one of the country's largest Non-Banking Financial Companies (NBFCs). Its primary vision is to make electricity available to accelerate growth and improve the quality of life for both rural and urban populations across the country. The company aims to be a competitive and development-focused organization that finances and promotes power generation, conservation, transmission, and distribution projects nationwide. It acts as a key financial partner in India's power sector, offering innovative financial solutions for every stage of development, from generation to distribution. To support national growth, REC has expanded its operations to finance major projects in the non-power infrastructure and logistics sectors as well. It is the largest NBFC on a standalone basis in India, managing a massive loan book of over ₹5.09 lakh crore as of March 2024.;