REC Limited — Others, 01-08-2025: Shareholders meeting
01-08-2025 | 11:26 pm
01-08-2025 | 11:26 pm
REC Limited has announced its Annual General Meeting to review a robust financial year. The company reported a net profit of ₹15,884 crore, with total disbursements reaching ₹1,91,185 crore. The gross loan book grew to ₹5,67,000 crore. REC continues to champion India's energy transition, increasing its renewable energy loan book by 49% and disbursements by 63%, aligning with Net Zero goals. The company also successfully resolved stressed assets worth ₹6,171 crore. Looking ahead, REC plans to raise up to ₹1,55,000 crore through private placement of bonds, reinforcing its pivotal role in power and infrastructure financing. A total dividend of ₹18 per share has been declared for the year.
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