[7] In 2023, REC was included in the Morgan Stanley Capital International (MSCI) Global Standard Index, effective from 1 September 2023.
[8] REC has also diversified into non-power infrastructure & logistics sector to cover areas such as airports, metro, railways, ports, and bridges.
The company has tied up a line of credit for €100M (approximately ₹ 6000M) with KfW under Indo-German Development Cooperation for financing renewable energy power projects at concessional rates of interest.
Eligible projects include solar, wind, small hydro, biomass power, and cogeneration power & hybrid projects GARV APP is an application developed and maintained by REC, incepted to aid the Grameen Vidyutikaran Mission running under DDUGJY (Deen Dayal Upadhyaya Gram Jyoti Yojana).
REC went for Initial Public Offer of 156,120,000 Equity Shares in February 2008 which was oversubscribed by about 27 times, raising a total amount of ₹ 819 crores.
The company’s initial mandate was mainly to help State Electricity Boards energise pump-sets across the country to boost agriculture and overcome the crippling impact of three successive years of deficient monsoons.
The company also provided finance to accelerate the pace of rural electrification in the overall context of planned programmes for increased agricultural production.
Since 2005, REC has been appointed nodal agency by Ministry of Power [1] Archived 15 July 2013 at the Wayback Machine for Government of India scheme Rajiv Gandhi Grameen Vidyutikaran Yojana[16][17] aimed at building rural electricity infrastructure and household electrification towards the National Common Minimum Programme goal of access to electricity for all.
Cumulatively till FY10, works in 190,858 villages have been completed and free connections to over 10 million below poverty line (BPL) households have been released.
[18] In 1979, REC[19] established a national training institute in Hyderabad for the development of techno-managerial skill and efficiency in State Electricity Boards (SEBs), Distribution Companies, Rural Electric Cooperatives and other Power Utilities, and also to conduct in-house training programmes for REC’s employees.
Today, RECIPMT conducts regular programmes on various aspects of Transmission and Distribution for national and international executives in the power sector, including seminars participated by both private and public utilities.