REC Limited , a Maharatna company in the power sector financing space, has announced significant growth in its loan portfolio and outlined optimistic projections for the future.

Loan Book Expansion

REC's total loan book reached Rs 5,84,568.00 crores as of June 30, marking a substantial 10% increase from the previous year. This growth underscores the company's strong position in the power sector financing market and its ability to capitalize on the growing demand for energy infrastructure funding.

Projected Growth

Looking ahead, REC has set an ambitious target of 12% loan growth for the upcoming year. This projection reflects the company's confidence in the continued expansion of India's power sector and its own ability to meet the financing needs of various energy projects across the country.

Potential Provision Reversals

In a positive development for the company's financial health, REC expects potential provision reversals of Rs 700.00-800.00 crores during the year. These reversals are anticipated to come from the resolution of stressed assets, which could significantly boost the company's profitability and strengthen its balance sheet.

Investor Communication

As part of its commitment to transparency and shareholder engagement, REC held an Investors Conference Call on July 31. The company has made the audio recording of this call available on its website, allowing investors and analysts to gain deeper insights into REC's performance and future strategies.

Upcoming Annual General Meeting

REC has also announced that its 56th Annual General Meeting (AGM) will be held on Wednesday, August 27, at 11:00 A.M. IST. In line with ongoing digital trends, the AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), ensuring widespread participation while maintaining safety protocols.

The company has advised shareholders to update their KYC details, including bank information, to ensure smooth processing of any dividend payments. Additionally, REC has opened a special window for re-lodgement of transfer requests for physical shares, which will remain open until January 6.

As REC continues to play a crucial role in financing India's power sector, these developments signal the company's robust growth trajectory and its proactive approach to addressing both opportunities and challenges in the market.

REC Limited , a Maharatna company in the power sector financing space, has set an ambitious target to achieve net zero non-performing assets (NPAs) by the end of fiscal year 2025-26. This strategic goal was revealed during a recent investor conference call, highlighting the company's commitment to enhancing its asset quality and eliminating bad loans from its portfolio.

Strategic Focus on Asset Quality

REC's announcement underscores its proactive approach to financial management and risk mitigation. By targeting net zero NPAs, the company aims to strengthen its balance sheet and improve overall financial health. This move is likely to boost investor confidence and potentially enhance REC's standing in the financial markets.

Investor Conference Call Details

In compliance with SEBI regulations, REC has made the audio recording of the Investors Conference Call held on July 31, 2025, available on its official website. This transparency allows shareholders and potential investors to access key information and insights shared during the call.

Upcoming Annual General Meeting

REC has also announced its 56th Annual General Meeting (AGM), scheduled for August 27, 2025, at 11:00 A.M. IST. In line with ongoing practices, the AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), ensuring widespread participation while adhering to safety protocols.

Key points regarding the AGM include:

• The Notice of the 56th AGM and Annual Report for FY 2024-25 will be sent via email to shareholders with registered email addresses.
• E-voting for resolutions will be available from August 24, 2025 (9:00 a.m.) to August 26, 2025 (5:00 p.m.).
• Shareholders can participate in the AGM through VC/OAVM and cast their votes electronically.

Dividend and KYC Update

The Board of Directors has recommended a final dividend for FY 2024-25, subject to shareholder approval at the AGM. REC emphasizes the importance of updating KYC details, including PAN, nomination choices, and bank account information, to ensure smooth dividend payments, which will be made only through electronic mode for physical security holders.

Conclusion

REC's target of achieving net zero NPAs by FY26 demonstrates its commitment to financial excellence and shareholder value. As the company continues to strengthen its position in the power financing sector, investors and stakeholders will be keenly watching its progress towards this ambitious goal.