REC Limited has informed the Exchange about BRSR for the FY 2024-25.
RECLTD · price
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REC Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ending March 31, 2025, along with an independent reasonable assurance report from M/s. Corporate Professionals, as required by SEBI's listing regulations. The report, filed on a consolidated basis, covers the company's ESG performance, including a 49% year-on-year growth in its renewable loan book, a 63% jump in renewable disbursements, and an estimated 6.1 million tonnes of CO2 emissions avoided. The company, a Maharatna PSU with paid-up capital of ₹2,633 crore and consolidated turnover of ₹56,367 crore, reported strong governance metrics with zero data breaches and zero customer grievances in FY 2024-25. REC was rated 'Excellent' by the Department of Public Enterprises for FY 2023-24 and is expected to retain this rating for FY 2024-25. The company, 52.63% owned by Power Finance Corporation, continues to diversify beyond power sector financing into airports, metro rail, highways, and ports.
This is a routine annual regulatory disclosure and is unlikely to have any direct material impact on the stock price. It reinforces REC's image as a financially strong, government-backed NBFC with a growing focus on green and sustainable financing, which may appeal to ESG-focused investors.