REC Limited announces record fiscal milestones at 56th AGM
Gurugram: The 56th Annual General Meeting of the REC Limited was held today morning through Video Conferencing says a company press release.
Jitendra Srivastava, Chairman & Managing Director (CMD) chaired the meeting also attended by all the Directors on the Board of the Company. Many shareholders were present at the meeting through Video Conferencing.
CMD Srivastava said, “During the year under review, REC achieved record operational and financial milestones, solidifying its position as a performance-driven public financial institution. Loan sanctions reached ₹3,37,179 crore, with disbursements of ₹1,91,185 crore, reflecting effective capital deployment in power and infrastructure. The loan book grew 11% year-on-year to ₹5.67 lakh crore, while net worth rose 13% to ₹77,638 crore. Total income increased 19% to ₹55,980 crore, and net profit after tax grew 12% to ₹15,713 crore, demonstrating robust growth, strong risk governance, and strategic engagement across the energy and infrastructure sectors.”
“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 that sustainability is not an isolated objective but a core element of how we lead, invest, and impact the nation.”
On this occasion, the Chairman and Board of Directors released REC’s second Sustainability Report, aligned with the Global Reporting Initiative (GRI) Universal Standards 2021, which outlines the company’s Environmental, Social, and Governance (ESG) performance.
