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REC’s proposed ₹1,20,000 crore borrowings will be raised for different maturities, through different instruments, depending upon the actual fund requirements, asset-liability position and prevailing market conditions.

REC’s proposed fund borrowings will be raised for different maturities

Sunsure Energy, and REC Limited (previously known as Rural Electrification Corporation Limited) have inked a Memorandum of Understanding. The Memorandum of Understanding was signed in Gandhinagar, Gujarat, during the Ministry of New and Renewable Energy’s (MNRE) 4th Global RE-Invest Meet and Expo. As per the Memorandum of Understanding, REC Limited and Sunsure Energy have partnered to provide debt financing of Rs 10,000 crores to facilitate the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects, hence expediting India’s shift towards green electricity. Executive Director (Renewable Energy and Business Development) Saurabh Rastogi of REC and Director & COO of Sunsure Energy Shantanu Faugaat signed the Memorandum of Understanding. Representatives from REC, including Arun Chaturvedi, GM of Renewables, REC, Hitanshu Agrawal, VP Project Finance, Sunsure Energy, and Vivek Kumar Dewangan, Chairman and Managing Director, all saw the signing event.

Sunsure Energy and REC limited ink Rs 10,000 crore deal to power India’s renewable energy future

REC Limited  under its Corporate Social Responsibility (CSR) initiative, has sanctioned ₹6.22 crore for the construction of a multidisciplinary advanced computer lab and procurement of associated equipment at Bodoland University, Kokrajhar. This project aims to enhance digital learning infrastructure in the region, empowering students and promoting skill development. A Memorandum of Agreement (MoA) was signed on July 29, 2025, between Mr. Subung Basumatary, Registrar of Bodoland University, and Mr. Pradeep Fellows, Executive Director (CSR) of REC Foundation. The signing ceremony was attended by Mr. M. A. Ali, HoD (CSR), along with other members of the REC CSR team and university officials. Bodoland University will serve as the implementing agency for the project.

REC Limited Sanctions Rs6.22 Crore for Advanced Computer Lab at Bodoland University

REC’s asset quality remains vulnerable due to high exposure to the power sector and weak financials of state utilities. Top 10 borrowers form ~36% of the loan book (Dec 2024), indicating high concentration. Private sector exposure (12%) also carries risk from fuel issues and weak PPAs



The issuer has made timely interest payments

Jitendra Srivastava, Chairman and MD

REC is key to the government for financing power sector schemes like RDSS and SAUBHAGYA, with 88% of its portfolio in state utilities. It receives strong government support due to its strategic role.




It funds a major share of state utility debt with public sector loans at ₹4.98 lakh crore. Key segments include distribution (40%), generation (27%), and renewables (9%). REC is expanding in renewables and infrastructure, aligning with government priorities.


REC has a strong resource profile with ₹4.90 lakh crore in borrowings (Dec 2024), mainly from domestic bonds (42%) and foreign currency (32%). Its low-cost, diversified funding kept borrowing cost stable at 7.15% in 9M FY25.

REC's capitalisation remains strong with ₹76,502 crore net worth, 25.3% CAR, and 6.4x gearing (Dec 2024). RoA at 2.6% supports capital growth. Adequate buffers and access to capital ensure stability.


Rating agency	Rating	Needle position
CRISIL	AAA Stable	near High Safety
ICRA	AAA Stable	near High Safety
CARE	AAA Stable	near High Safety
IND	AAA Stable	near High Safety

Security Name: 8.63% REC Limited 27 Aug 2028

ISIN: INE020B08BB9

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