REC
Rural Electrification Corporation Limited (REC) is a Navratna Public Sector Undertaking (PSU) under the administrative control of the Ministry of Power, Government of India. It is a leading NBFC (Non-Banking Financial Company) focused primarily on financing power sector projects in India. REC's activities encompass a wide range of financing options for the development of power generation, transmission, and distribution infrastructure, particularly in rural and underserved areas. This includes providing financial assistance for renewable energy projects, strengthening existing power distribution networks, and promoting energy efficiency initiatives. REC plays a crucial role in bridging the energy gap in India and fostering sustainable power development across the nation. Its operations involve detailed project appraisals, risk assessments, loan structuring, and post-disbursement monitoring to ensure the efficient and effective utilization of funds. Beyond its core financing role, REC actively participates in policy dialogues, promoting industry best practices, and fostering collaboration among stakeholders within the power sector.
About Us
- Founded in 1969, REC has significantly contributed to India's rural electrification and power sector development, evolving from financing rural schemes to serving the entire power value chain. - Its growth reflects consistent portfolio expansion, strategic partnerships, and a commitment to sustainable financing. - REC's vision aligns with the government's goal of universal electricity access and a sustainable power sector. - The corporation is a trusted partner for various power sector entities, boasting strong financial performance and robust risk management. - REC's achievements have earned numerous awards, signifying its contribution to India's energy security and economic growth.
Vision
To be a globally recognized leader in power sector financing, committed to excellence, sustainability, and social responsibility. To empower communities through access to reliable and affordable electricity, fostering economic growth and improving the quality of life.
Mission
To be the leading NBFC in the power sector, driving sustainable and inclusive growth through innovative financing solutions and strategic partnerships. To accelerate the electrification of rural India and enhance the reliability and efficiency of the national power grid. To promote the adoption of renewable energy sources and contribute to a cleaner and greener energy future for the nation.
Culture
- REC cultivates a professional, ethical, and collaborative work environment built on teamwork, innovation, and excellence. - The company prioritizes employee development, empowerment, and wellbeing, fostering a diverse and inclusive workplace. - REC is committed to customer centricity and maintains high standards of corporate governance and transparent business practices.
Specialties & Industries
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