REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has achieved an ‘Excellent’ MoU rating for the financial year 2024–25. The Memorandum of Understanding was signed with its holding company, Power Finance Corporation Limited, and the rating was awarded by the Department of Public Enterprises (DPE), Ministry of Finance, in line with prescribed guidelines. This marks REC’s third consecutive year of securing the top MoU rating.

The MoU framework, instituted by the Government of India, evaluates the performance of Central Public Sector Enterprises based on economic outcomes rather than effort-based parameters. The assessment benchmarks performance against historical trends, future projections, sectoral norms and the strategic vision of the administrative ministry.

REC’s evaluation highlighted its robust financial health, superior asset quality, sustained profitability, high operational efficiency, strong market competitiveness and adherence to ethical corporate practices.

In addition, the DPE’s Public Enterprise Survey for FY 2024–25 placed REC in a commendable position across key financial parameters, reinforcing its consistent operational and financial performance.

With this continued recognition, REC Limited further strengthens its position as a premier financier to the power sector, supporting India’s power infrastructure development and long-term sustainable economic growth.