REC Limited is an Indian infrastructure finance company. The main activity of the company is the financing of the electricity industry. The company's core products are interest-bearing loans to state electricity boards, state power plants/state power departments and the private sector for all segments of power infrastructure. It finances projects and programs across various energy value chains, including generation (both conventional and renewable), transmission, distribution, rural electrification, and upstream and downstream functions of energy projects. It provides financial assistance to Central Electricity Boards, State Governments, Central/State Electricity Companies, Independent Power Producers, Rural Electric Cooperatives and Private Utilities through its network of about 22 offices. The company also acts as a nodal agency or project implementer for various plans and programs of the Ministry of Power, Government of India.