REC Limited

Established in 1969, REC Limited is a 'Maharatna' Central Public Sector Undertaking under the administrative control of India's Ministry of Power. Originally incorporated as Rural Electrification Corporation Limited, it has evolved into a key player in financing the entire power sector value chain, including generation, transmission, and distribution. In recent years, REC has diversified its portfolio to include financing for infrastructure and logistics sectors, playing a crucial role in the development and modernization of India's core industries. The company raises funds from domestic and international markets to provide long-term loans, project financing, and other financial solutions to central/state sector power utilities, state electricity boards, and private sector companies.