REC LTD

REC Limited, formerly known as Rural Electrification Corporation Limited, is a premier financial institution in India dedicated to financing and promoting rural electrification and energy infrastructure projects. Established in 1969 under the Companies Act, REC operates under the administrative control of the Ministry of Power, Government of India. REC's primary mission is to facilitate the development and modernization of the power sector, with a particular focus on rural areas. It provides financial assistance and support to power utilities, state governments, and private sector entities for various initiatives, including the electrification of villages, construction of transmission and distribution infrastructure, and implementation of renewable energy projects. As a key player in India's power sector, REC offers a range of financial products and services, including loans, debt financing, and advisory services tailored to the needs of its clients. The institution also plays a crucial role in promoting sustainable and inclusive development by supporting initiatives that enhance energy access, promote renewable energy adoption, and improve the efficiency of power distribution systems. With its extensive experience, expertise, and nationwide presence, REC has been instrumental in driving rural electrification and power sector development in India. Through strategic investments and partnerships, REC continues to contribute significantly to the country's energy security, economic growth, and social welfare, ultimately improving the quality of life for millions of people in rural and underserved areas.