REC Secures 5th position in Net profit Parameters among all CPSEs as per the Public Enterprise Survey Report for FY 2024-25 published by DPE.
New Delhi, Jan 09 REC Limited, a Maharatna Central Public Sector Enterprise under the administrative control of the Ministry of Power and a leading Non-Banking Financial Company (NBFC), has achieved an ‘Excellent’ Memorandum of Understanding (MoU) rating for the financial year 2024–25.
The MoU was signed with its holding company, Power Finance Corporation Limited (PFC). The rating has been awarded by the Department of Public Enterprises (DPE), Ministry of Finance, in accordance with prescribed evaluation guidelines.
This achievement marks REC Limited’s third consecutive ‘Excellent’ MoU rating, reflecting its sustained operational excellence, financial strength, and leadership in the power financing sector.
The MoU framework, instituted by the Government of India, is designed to assess the performance of Central Public Sector Enterprises (CPSEs) based on their effectiveness in fulfilling core objectives. The framework emphasises outcome-based economic performance rather than effort-based assessment, aligning CPSE performance with national priorities, sectoral benchmarks, shareholder interests, and the strategic vision of the administrative ministry—in this case, the Ministry of Power.
The assessment underscores REC Limited’s robust financial health and superior asset quality, driven by strong and consistent financial performance, high operational efficiency, enhanced market competitiveness, and adherence to ethical corporate governance practices.
In addition, the Department of Public Enterprises conducts an annual Public Enterprise Survey, summarising the financial performance of CPSEs. In the FY 2024–25 survey report, REC Limited has secured commendable positions across multiple financial parameters, reaffirming its commitment to operational efficiency and financial discipline.
With this continued validation of performance excellence, REC Limited further consolidates its position as a premier financier in India’s power sector, playing a critical role in strengthening power infrastructure and supporting sustainable and inclusive economic growth.
