RECLTD

REC was established in 1969 (originally as “Rural Electrification Corporation Ltd.”) — its original mandate was to finance rural electrification and power infrastructure across India. Over time, REC has expanded to finance not just rural power projects but large-scale power-sector infrastructure: generation, transmission, distribution; as well as non-power infrastructure (roads/bridges, metro/rail, airports, logistics etc.) under newer mandates. It is a Government-owned NBFC / Infrastructure Finance Company (IFC), under administrative oversight of the Ministry of Power. Its client base typically includes state utilities, central utilities, private power developers, and increasingly infrastructure and logistics players when funding non-power projects. As of recent reports, REC’s loan-book stands substantial: a recent figure cited is ₹5.82 lakh crore.