Page 150 - January 2022 Issue

REC Limited

Sanjeev Kumar Gupta
CMD & Director (Technical),
REC

EC Limited (formerly Rural Electrification Corporation Limited) is a
Navratna Central Public Sector Enterprise under Ministry of Power.
RIncorporated on July 25, 1969, the company focuses on Power Sector
Financing and Development across India.

It provides financial assistance to state electricity boards, state governments,
central/state power utilities, independent power producers, rural electric
cooperatives and private sector utilities. It’s business activities involve
Financing Generation, Transmission, Distribution Projects, and Renewable
Energy projects across the entire power sector value chain.

A listed NBFC with a net worth of Rs. 35,077 Crore and a loan book of Rs.
3,22,425 Crore as on 31st March 2020, REC mobilizes funds from various
sources including raising of funds from domestic and international agencies
and extending loans to the State/Central, Private Power utilities, State
Government and Private Power Developers.
REC has provided REC also plays a strategic role in power sector reforms and advancement by
support to about acting as the nodal agency for various schemes and programs such as DDUGJY,
1,00,000 people SAUBHAGYA, UDAY etc. on behalf of Government of India. As the Nodal
Agency, REC is supporting the Ministry of Power, State Governments and
providing food & ration the implementing agencies in planning, facilitation, coordination, capacity
to stranded workers development, monitoring and reporting etc., to ensure timely completion of
supporting works the programme.

of power sector and REC has a pan-India presence with 23 Offices at various locations in India in
other needy people. addition to a Training Institute, viz. REC Institute of Power Management and
Training (REC-IPMT) at Hyderabad.
Support was provided
through twenty RECs The Company has two wholly-owned subsidiaries, namely REC Transmission
Regional Offices Projects Company Limited (RECTPCL) and REC Power Distribution
Company Limited (RECPDCL), which provide consultancy services in the
through Distribution areas of transmission & distribution, bid process coordination, transaction
Companies, District advisory services, project implementation and project monitoring etc.

Authorities, Indian Employees strength
Red Cross and Police • Permanent: 457 ( as on 1st May 2020)
department. • Contractual: 6

REC Limited 123