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.
