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REC Limited A Maharatna Company PERFORMANCE HIGHLIGHTS Q4 & 12 MONTHS FY 2024-25 INVESTOR PRESENTATION
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02 Table of Contents 1. REC Overview 2. Operational Performance 3. Asset Quality 4. Borrowing Profile 5. Financial Highlights 6. ESG
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REC OVERVIEW 01 • REC Journey • Key Strengths • Government’s Trusted Arm • Maharatna Status • Forayed into Infra Sector • Shareholders Outlook • Shareholders Outlook cont.. • Awards and Accolades 03
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REC Journey 1969 1998 2003 2008 2010 2017 2019 2021 2022 2023 2024 1969: Journey began to develop power infrastructure in rural areas 1998: Registered as NBFC with RBI 2003: Mandate broadened to financing all power segments 2008: Conferred Navratna status, Floated IPO subscribed 27 times 2010: Conferred IFC status by RBI 2017: First Indian PSU to issue USD Green Bonds on London Stock Exchange 2019: As Nodal Agency, achieved 100% Household Electrification 2021: Appointed as Nodal Agency for RDSS 2022: Conferred ‘Maharatna’, highest status for a PSU. Forayed into Infrastructure sector 2023: Largest Green Bond issuance of USD 750 million by South & South-East Asian issuer, first post India’s G20 Presidency 2024: Appointed as National programme implementing agency for PM Surya Ghar Muft Bijli Yojana, Maiden Yen Bond issuance of JPY 61.1 Bn and USD Bond issuance of $500 Mn 04
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05 Key Strengths Experienced Management Team with Sector Expertise Nodal Agency for major Govt. of India’s power sector programmes – RDSS, Saubhagya, DDUGJY, Rooftop Solar (RTS) etc. Highest Domestic Rating of “AAA”; International Ratings of “Baa3” & “BBB-” from Moody’s & Fitch respectively at par with Sovereign rating` Strong Fundamentals and Profitable Business with Stable Margins leading to Strong Profitability ‘Maharatna’ Company and a strategic player in the Indian Power, Infrastructure and Logistics Sector Diversified Asset Base with robust Access to Diversified Funding Sources Occupies Strategic Position in the Growth and development of the Power Sector and a major player In Renewable Energy segment and creation of India’s Green Energy Corridor Healthy Asset Quality with adequate provisioning coverage ratio
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06 Government’s Trusted Arm NEF RDSS SAUBHAGYA LPS Consumer Services Ratings of Discoms (Operational) Integrated Rating of Discoms (Financial) DDUGJY Rooftop Solar (RTS) Programme REC
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07 Allows strategic investments by incorporating JVs, Subsidiaries and M&A activities in India and abroad Maharatna – Business advantagesREC is amongst the Coveted Few Indian PSUs Maharatna • Highest rank for top-performing PSUs in India • Total of 14 PSUs accorded this status Navratna • 2nd highest rank of top-performing PSUs in India • Total of 26 PSUs accorded this status Miniratna I • 3rd highest rank of PSUs in India • Total of 49 PSUs accorded this status Miniratna II • 4th rank of PSUs in India • Total of 10 PSUs accorded this status Gives greater operational & financial autonomy Accelerating growth and supporting Govt’s vision for power sector Maharatna Status (accorded in FY 2022-23)
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Health Sector Steel Infra Road & Highways Metro Ports Waterways Oil Refinery Airport REC has diversified loan portfolio in the Infrastructure and Logistics sector Forayed into Infra Sector: For Nation’s Accelerated Development 08 REC IT Infra / Fiber Optics
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FPIs/ FIIs have reposed faith in REC and have consistently held ~ 20% since IPO in 2008 09 Top 10 Shareholders as on March 31, 2025 Rank Particulars Shareholding (%) 1 Power Finance Corporation Limited 52.63 2 Life Insurance Corporation Of India 1.27 3 SBI Life Insurance Co. Limited 0.74 4 HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund 0.72 5 Vanguard Total International Stock Index Fund 0.67 6 TATA AIG General Insurance Company Limited 0.63 7 Vanguard Emerging Markets Stock Index Fund - Vanguard International Equity Index Funds 0.61 8 Government of Singapore 0.56 9 Government Pension Fund Global 0.52 10 Blackrock Emerging Markets Fund, Inc. 0.50 TOTAL 62.07 Promoter - PFC Limited 52.63% MFs/ AIFs/ VCFs/ PFs 9.24% Banks/ FIs/ Insurance Cos 4.57% Govt PSUs/ Other Domestic Instituitions 1.03% Foreign Instituitions 20.48% Non-Institutional 12.05% Shareholding Pattern as on March 31, 2025 Shareholders Outlook
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10 Shareholders Outlook Continued.. Dividend as a % of Equity Share Capital 82.50% 82.50% 95.33% 114.75% 126.00% 160.00% 180.00% 50% 75% 100% 125% 150% 175% 200% FY19 FY20 FY21 FY22 FY23 FY24 FY25 Consistently high dividend paying company Final dividend recommended for FY25 of ₹2.60 (26%) per share Total dividend for FY25 of ₹18 (180%) per share including proposed final dividend ▪ Dividend adjusted for Bonus in the ratio of 1:3 in Aug 2022. ▪ Actual dividend 110.00%, 110.00%, 127.10% and 153.00% pre bonus for the year FY19, FY20, FY21 & FY22 Earnings per Share (EPS) - ₹59.55 Book Value per Share (BVPS) - ₹294.84
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Awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’ 11 Awards and Accolades ASSOCHAM Award for “Best CSR contribution in challenging aspirational districts’ Golden Peacock Award 2024 For Excellence in Corporate Governance Adam Smith Awards ASIA 2024 For Best Funding Solution Nodal Agency of the year Award by Bharat Electricity, POWERGEN India & Indian Utility Week Excellence in Green Financing Awarded by Network 18 CSR Award from National Culture Fund, Ministry of Culture Editors Choice Award Awarded with Sustainability Champion - Editors Choice Award Technology Excellence Award for Generative AI Implementation Certificate of Merit for year 2023 in category of 'Financial Services Sector by SAFA
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OPERATIONAL PERFORMANCE 02 • Sanctions • Disbursements • Outstanding loans • Pan India presence – Loan Assets • Outstanding Loans – Major Borrowers 12
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(₹ in crore) Sanctions - Composition 13 Discipline-wise in Q4 12M FY25 % FY24 % FY25 % FY24 % Conventional Generation incl. Coal mining & purchase 13,959 21 3,710 11 89,632 27 67,112 19 Renewables incl. Large Hydro 26,124 40 11,462 35 1,05,259 31 1,36,516 38 Transmission 2,773 4 657 2 17,559 5 19,690 5 Distribution 17,815 28 13,598 41 67,481 20 82,304 23 a) Distribution Capex 15,415 24 7,847 24 41,881 13 41,513 12 b) LPS & LIS1 500 1 1,401 4 500 0 16,021 4 c) RBPF2 - - 4,350 13 13,700 4 15,350 4 d) Other Non Capex 1,900 3 - - 11,400 3 9,420 3 I&L3–Core 960 1 500 2 41,239 12 37,455 10 I&L - E&M4 - - - - 2,000 1 3,114 1 STL/MTL 3,734 6 2,948 9 14,009 4 12,625 4 Total Sanctions 65,365 100 32,875 100 3,37,179 100 3,58,816 100 Conventional Generation 27% Renewables 31% Transmission 5% Distribution 20% I&L Core 12% I&L (E&M) 1% STL/MTL 4% 1LPS – Late payment surcharge & LIS – Liquidity infusion scheme 2RBPF - Revolving Bills Payment Facility 3I&L – Infrastructure & Logistics 4I&L-E&M Infrastructure & Logistics – Electrical and Mechanical Sector-wise breakup of Sanctions for FY 24-25 Robust sanctions across diversified disciplines
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(₹ in crore) Disbursements - Composition 14 Discipline-wise Q4 12M FY 25 % FY 24 % FY 25 % FY 24 % Conventional Generation 7,484 16 4,179 11 27,478 14 25,054 16 Renewables incl. Large Hydro 8,575 19 6,167 16 26,186 14 16,024 10 Transmission 1,637 4 1,916 5 6,064 3 6,566 4 Distribution 23,099 51 20,989 53 1,01,777 53 86,291 53 a) Distribution Capex 3,910 8 2,373 6 10,598 6 9,184 5 b) LPS & LIS1 1,207 3 1,735 4 12,299 6 23,960 15 c) RDSS2 254 1 - - 1,592 1 70 - d) RBPF3 17,728 39 16,881 43 77,288 40 53,077 33 I&L4 – Core 109 - 831 2 10,772 6 7,676 5 I&L - E&M5 1,454 3 3,028 7 7,849 4 9,339 6 STL/MTL 3,180 7 2,264 6 11,059 6 10,512 6 Total Disbursements 45,538 100 39,374 100 1,91,185 100 1,61,462 100 Growth in Total Disbursements YoY 29,723 18% Growth in Renewables (incl. Large Hydro) Disbursements YoY 10,162 63% 1 LPS – Late payment surcharge & LIS – Liquidity infusion scheme 2RDSS- Revamped Distribution Sector Scheme 3RBPF - Revolving Bills Payment Facility 4I&L – Infrastructure & Logistics 5I&L - E&M - Infrastructure & Logistics- Electrical and Mechanical Highest ever disbursements in a financial year Sector-wise breakup of Disbursement for FY 24-25 Conventional Generation 14% Renewable 14% Transmission 3% Distribution 53% I&L - Core 6% I&L - E&M 4% STL/ MTL 6%
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(₹ in crore) Outstanding Loans – Composition 15 Discipline-wise As on March 31, 2025 March 31, 2024 March 31, 2023 Amount % Amount % Amount % State 4,94,578 87 4,54,647 89 3,93,225 90 Private 72,305 13 54,724 11 41,787 10 Total 5,66,883 100 5,09,371 100 4,35,012 100 Conventional Generation 1,55,071 28 1,45,271 29 1,32,517 30 Renewables incl Large Hydro 57,994 10 38,971 8 27,095 6 Transmission 46,743 8 48,046 9 48,327 11 Distribution 2,20,626 39 2,14,672 42 1,85,806 43 a) Distribution Capex 84,591 15 85,515 17 90,287 21 b) LPS & LIS1 49,272 9 39,317 8 16,147 4 c) Special Loan 42,382 7 51,420 10 55,178 12 d) RDSS2 1,280 - - - - - e) RBPF3 43,101 8 38,420 7 24,194 6 I&L - Core4 18,448 3 7,676 1 - - I&L - E&M5 50,953 9 45,875 9 38,248 9 STL/MTL 17,048 3 8,860 2 3,019 1 TOTAL 5,66,883 100 5,09,371 100 4,35,012 100 1 LPS – Late payment surcharge & LIS – Liquidity infusion scheme 2RDSS- Revamped Distribution Sector Scheme 3RBPF - Revolving Bills Payment Facility 4I&L – Infrastructure & Logistics 5I&L - E&M - Infrastructure & Logistics- Electrical and Mechanical Loan Book has grown at a robust rate of ~11% YoY Conventional Generation 28% Renewables 10% Transmission 8% Distribution 39% I&L - Core 3% I&L - E&M 9% STL/ MTL 3% State 87% Private 13% Sector-wise breakup of Loan Book for FY 24-25
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6,942 1,531 Uttarakhand 2,586 UP 46,986 Bihar 14,267 Assam 764 Nagaland 34 Manipur 388 Mizoram 13 Tripura 31 West Bengal 11,322 Jharkhand 10,323 Orissa 2,529 Chhattisgarh 3,836 Telangana 73,027 Andhra Pradesh 48,649 Tamil Nadu Kerala 7,749 Karnataka 28,676 Maharashtra 65,124 Madhya Pradesh 2,759 Rajasthan 65,617 Punjab 6,385 Meghalaya 594 82,412 J&K 11,957 Haryana Himachal Pradesh (₹ in crore) PAN India presence – Loan Book State/ Joint Sector Borrowers ₹4,94,578 crore Private Sector Borrowers ₹72,305 crore ₹5,66,883 crore Total Loan Outstanding Lending across 26 States & UTs 16
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ASSET QUALITY 03 • Asset quality and provision coverage • Loan portfolio and ECL provisioning • Credit impaired assets and resolution status 17
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18 3.14% 2.78% 2.71% 2.61% 2.53% 1.95% 1.35% 0.96% 0.82% 0.86% 0.82% 0.88% 0.74% 0.38% 0.00% 1.00% 2.00% 3.00% 4.00% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Gross Credit-impaired Assets% 69.37% 70.41% 68.45% 68.48% 65.12% 61.88% 71.73% 45% 55% 65% 75% Improving Asset Quality Provision Coverage Ratio Asset Quality and provisioning coverage 5 assets having aggregate outstanding loan of ₹6,171 crore resolved during FY25
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(₹ in crore) 19 Loan Portfolio and ECL provisioning # In addition to the above, Reserves available in the form of Statutory Reserve u/s 45-IC of RBI Act and Reserve for Bad & Doubtful debts u/s 36(1)(viia) of the Income Tax Act, 1961 amounting to ₹13,972 crore and ₹842 crore respectively. 1LPS – Late payment surcharge & LIS – Liquidity infusion scheme 2RDSS- Revamped Distribution Sector Scheme 3RBPF - Revolving Bills Payment Facility 4I&L – Infrastructure & Logistics 5I&L - E&M- Infrastructure & Logistics- Electrical and Mechanical Particulars Loan Credit Impaired Assets (Stage – III) Standard Assets (Stage – I & II) Total ECL # O/s O/s ECL Provision coverage O/s ECL Provision coverage ratio (%) @ratio (%) State Sector -Generation 1,39,290 - - - 1,39,290 1,496 1.07% 1,496 -Renewables incl Large Hydro 9,301 - - - 9,301 102 1.10% 102 -Transmission 42,162 - - - 42,162 23 0.06% 23 -Distribution 2,20,626 - - - 2,20,626 2,661 1.21% 2,661 a) Distribution Capex 84,591 - - - 84,591 840 0.99% 840 b) LPS & LIS1 49,272 - - - 49,272 773 1.57% 773 c) RDSS2 43,101 - - - 43,101 496 1.15% 496 d) RBPF3 1,280 - - - 1,280 3 0.25% 3 e) Special Loan 42,382 - - - 42,382 549 1.30% 549 -I&L4 – Core 17,097 - - - 17,097 6 0.03% 6 -I&L - E&M5 49,053 - - - 49,053 42 0.09% 42 -STL/MTL 17,049 - - - 17,049 282 1.66% 282 Total State Sector 4,94,578 - - - 4,94,578 4,612 0.93% 4,612 Private Sector -Generation 15,780 7,347 5,231 71.19% 8,433 37 0.44% 5,268 -Renewables incl Large Hydro 48,693 306 259 84.78% 48,387 638 1.32% 897 -Transmission 4,581 - - - 4,581 17 0.37% 17 -I&L4 – Core 1,351 - - - 1,351 1 0.10% 1 -I&L - E&M5 1,900 - - - 1,900 1 0.05% 1 -Distribution 0* - - - 0* 0* 0.91% 0* Total Private Sector 72,305 7,653 5,490 71.73% 64,652 694 1.07% 6,184 Grand Total 5,66,883 7,653 5,490 71.73% 5,59,230 5,306 0.95% 10,796 *0 denotes amount less than 1 crore.
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20 Credit Impaired Assets – Resolution Status Resolution status of Credit Impaired Assets Under NCLT ₹6,149 crore in NCLT 11 projects 77% provision Outside NCLT ₹1,504 crore resolution pursued outside NCLT 1 project 50% provision
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BORROWING PROFILE 04 • Credit ratings for long term borrowings • Outstanding borrowings 21
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22 Long-term International Ratings Baa3 (Stable)–Key Highlights REC Limited (REC) remains strategically important to the Indian power sector and plays a key role in implementing the central government policy initiatives. REC finances all segments of domestic power infrastructure projects, covering transmission, distribution and generation facilities throughout the country, with a focus on rural electrification projects. BBB- (Stable)–Key Highlights “AAA” “AAA” “AAA” “AAA” REC remains an important government- related entity (GRE) due to its strategic role in supporting India's power sector. Hence, Fitch believes the government has strong incentive to provide extraordinary support to REC, if needed. BBB+ (Stable)–Key Highlights REC plays a very important role in the implementation of the Government of India’s (GOI) power sector plans. The ratings strongly reflect the country’s creditworthiness and are in line with the Republic of India’s Long-term Issuer Ratings (FC: BBB+/Stable and LC: BBB+/Stable). It is based on REC’s strong capital and personal relationship with GOI, its important position as an institution that financially supports the development of power infrastructure across India, and its strong integration with GOI, supported by its position as a Nodal agency for power policy initiatives in India. Japan Credit Rating Agency Credit Ratings for Long Term Borrowings Perpetual Debt Instruments also rated “AAA” by CARE Ratings and CRISIL Long-term Domestic Ratings
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(₹ in crore) Borrowing Profile Outstanding Borrowings ➢ Access to multiple sources of funding with a mix of international and domestic sources to meet the business growth ➢ One of the five Companies allowed to raise low-cost Capital Gains Tax Exemption Bonds 23 Particulars March 31, 2025 March 31, 2024 (A) Domestic Borrowings Institutional including Subordinated Bonds 2,10,039 1,81,471 Loans from Banks, FIs, NSSF, etc. 56,550 79,806 54EC Capital Gains Tax Exemption Bonds 43,832 42,356 Commercial Papers - - Tax Free Bonds 8,999 8,999 Infra Bonds 4 4 Zero Coupon Bonds 2,796 - Sub Total (A) 3,22,220 3,12,636 (B) Foreign Currency Borrowings External Commercial Borrowings (Bonds & Term Loans) 1,22,857 1,00,169 FCNR (B) Loans 43,182 25,139 Sub Total (B) 1,66,039 1,25,308 Grand Total (A+B) 4,88,259 4,37,944 Institutional including Subordinated Bonds 43% Term Loans from Banks, FIs, NSSF 11% 54EC Capital Gains Tax Exemption Bonds 9% Tax Free & Infra Bonds 2% Zero Coupon Bonds 1% External Commercial Borrowings (Bonds & Term Loans) 25% FCNR (B) Loans 9%
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FINANCIAL HIGHLIGHTS 05 • Key Financial Highlights • Key Ratios • Standalone Statement of Profit & Loss • Standalone Statement of Assets and Liabilities 24
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25 Key Financial Highlights for FY25 vs FY24 Highest ever Annual Profit ₹15,713 crore vs ₹14,019 crore (12% growth) Highest Loan Book ₹5.67 lakh crore vs ₹5.09 lakh crore (11% growth) Net Credit Impaired Assets 0.38% vs 0.86% Net Interest Income ₹19,878 crore vs ₹15,685 crore (27% growth) Highest Net Worth ₹77,638 crore vs ₹68,783 crore (13% growth) Total Income ₹55,980 crore vs ₹47,214 crore (19% growth) Capital Adequacy Ratio at 25.99% (Tier – I : 23.76% & Tier – II : 2.23%)
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The yield on loans has increased to 10.05% in 12M FY 25 from 9.99% in 12M FY 24 due to realignment of interest rates amongst borrowers, while the cost of borrowings has come down to 7.11% from 7.13% in the corresponding period due to judicious mix of borrowing and the innovative derivative structures undertaken by the company for hedging its foreign currency exposure, resulting in improvement in spread by 8 bps. Key Ratios - Yield = Ratio of interest income on interest bearing Loan Asset to daily average of interest earning loan assets - Cost of funds = Ratio of finance costs + loss (gain) on Forex translation/transaction + loss (gain) on Fair Value changes + Fees & Commission Expenses to daily average of borrowings - Interest Spread = Yield minus Cost of Funds - Net Interest Margin = Ratio of net interest income + gain/ (loss) on Translation/transaction + gain (loss) on Fair Value changes to daily average of interest earning loan assets - Interest Coverage Ratio = Ratio of PBIT to Finance Cost + Fee & Commission Expense - Debt Equity = Ratio of Total Borrowings (net of cash & cash equivalents) to Net Worth - Return on Average Net worth = Ratio of PAT to average Net Worth 26 Particulars 12 Months FY 25 FY 24 Yield on Loan Assets (%) 10.05 9.99 Cost of Funds (%) 7.11 7.13 Interest Spread (%) 2.94 2.86 Net Interest Margin (%) 3.63 3.57 Return on Net Worth (%) 21.46 22.17 Interest Coverage Ratio (Times) 1.58 1.59 Debt Equity Ratio (Times) 6.29 6.37
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(₹ in crore) Standalone Statement of Profit & Loss 1Finance Costs includes fees and commission expense 2Other Costs include Employee Benefit, CSR, Depreciation & Amortization and Other Expenses 27 Particulars Q4 12 Months FY 25 FY 24 FY 25 FY 24 Interest Income on Loan assets 14,647 12,168 54,026 45,659 Less: Finance Costs1 8,771 7,905 34,148 29,974 Net Interest Income 5,876 4,263 19,878 15,685 Other Operating Income 531 309 1,536 1,013 Net notional gain/ (loss) on fair value changes (18) 136 348 474 Other Income 14 30 69 68 Total Income (Net of Finance Cost) 6,403 4,738 21,831 17,240 Less: Translation/transaction exchange loss/(gain) 47 60 208 167 Less: Other costs2 191 243 744 651 Less: Impairment on financial instruments 780 -712 1,019 -1,358 Profit Before Tax 5,385 5,147 19,860 17,780 Less: Tax Expense 1,149 1,131 4,147 3,761 Profit After Tax 4,236 4,016 15,713 14,019 Add: Other Comprehensive Income/(Loss) (1,050) 1,167 (1,517) 1,044 Total Comprehensive Income/(Loss) 3,186 5,183 14,196 15,063
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(₹ in crore) Standalone Statement of Assets and Liabilities 28 Particulars As at 31.03.2025 As at 31.03.2024 Assets (1) Financial Assets Cash and bank balances 1,750 2,499 Derivative financial instruments 17,432 12,482 Loans (Ind-AS) 5,59,088 4,99,192 Investments 6,641 5,320 Other financial assets 24,606 24,425 Total Financial Assets (1) 6,09,517 5,43,918 (2) Non-Financial Assets Current tax assets (net) 399 294 Deferred tax assets (net) 2,853 2,485 Investment Property, Property, Plant & Equipment, Capital Work-in-Progress, Other Intangible assets 704 654 Other non-financial assets including receivables 82 89 Total Non-Financial Assets (2) 4,038 3,522 Total Assets (1+2) 6,13,555 5,47,440 Liabilities (1) Financial Liabilities Derivative financial instruments 1,670 760 Debt Securities 2,92,475 2,66,110 Borrowings other than Debt Securities 1,94,300 1,72,092 Subordinated Liabilities 9,514 7,412 Other financial liabilities including payables 37,559 31,840 Total Financial Liabilities (1) 5,35,518 4,78,214 (2) Non-Financial Liabilities Current Tax Liabilities (Net) - 66 Provisions 137 137 Other non-financial liabilities 262 240 Total Non-Financial Liabilities (2) 399 443 (3) Equity Equity Share Capital 2633 2,633 Instruments entirely equity in nature 558 558 Other equity 74,447 65,592 Total Equity (3) 77,638 68,783 Total Liabilities and Equity (1+2+3) 6,13,555 5,47,440
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ESG 06 • ESG at REC Limited • ESG Highlights • REC’s Contribution for clean energy projects 29
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REC committed to Net Zero in Scope 1 & 2 emissions REC Net Zero Plan Published 1st ever ESG report referenced to GRI format ESG Report Assigned company wide ESG targets for quarterly compliance. ESG Targets REC adopted board approved ESG policy. REC ESG Policy 2023 JUNE 2023 JAN New ESG related policies introduced, More human rights and well being trainings organized ESG Gap Assessment 2024 APR 2024 AUG 2024 OCT 2025 JAN ESG Assessment of Private Borrowers and Suppliers started. Stakeholders ESG Assessment ESG at REC Limited 30 2024 FEB Assessment of GHG emissions of all REC offices Baselining of GHG Emissions
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Strategic Lending for a Sustainable Future REC, through focusing on Green Infrastructure financing, demonstrates its unwavering commitment for 'Panchamrit' goals & fostering environmental sustainability. YoY growth in Renewables’ Disbursements YoY growth in Renewables’ Loan Book of Total Sanctions ~ ₹1,05,259 crore (16,444 MW) Mt CO2 emissions avoided (17%↑) through 70 operational projects amassing 5008 MW 63% 49% 31% 4.87 31
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52,700 MW+ Solar 22,358 MW Others 521 MW Pumped Storage Plant 7,370 MW Wind 7,024 MW Hybrid 5,948 MW Large Hydro 9,145 MW Biomass/ Waste to Energy 96 MW ₹ 57,994 crore Projects Supported Renewables Loan Asset For India’s energy transition, REC, being the stepping stone, has tailored its lending strategies to align with nation’s commitment towards harnessing clean and green energy sources. REC’s Contribution for Clean Energy Projects Renewable Loon Book Small Hydro 459 32
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REC Corporate office has STP that treats 100% waste water Zero Discharge Total RE Capacity Sanctioned by REC 52 GW RE Loan Book Growth 49% Waste Management Onboarded Authorized Vendor Conversion of Conventional office fleet to EV 76% In house Roof top solar contribution in office electricity consumption 34.7% RE Projects supported by REC ₹ 82,275 Crore Complaints on Human Rights & POSH Zero Avoided Emissions of RE Projects funded for FY25 (PCAF Method) 6.1 million t CO2 (17.4% ↑) Community Expenditure ₹ 289 Crore (17% ↑) Lost Time Injury Frequency Rate (LTIFR) Zero Instances of Data Breaches Zero Employee Turnover Ratio 6.08 % Women Employee Ratio 15 % Gender Pay Gap at Grade Level Zero Graduate Apprentice supported(Nos) 44 Total Board Meetings 15 Training on NGRBC and ESG to BoD & KMP 100% Training man days to employees and stakeholders by RECIPMT 18,935 Training man days on ethics, code of conduct 437 Women ratio in the Board 12.5 % ESG Risk rating by Sustainalytics 17.1 (Low Risk) ESG Score by CRISIL 62 (↑Strong) ESG Score by SES 76.3 (↑ B+) 33 Highlights of ESG Performance FY 2024-25
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Investor Resources Join us: @reclindia https://recindia.nic.in/ Annual Report: https://recindia.nic.in/annual-reports Financial Results: https://recindia.nic.in/financial-results ESG Report: https://recindia.nic.in/sustainability-report Investor Announcements: https://recindia.nic.in/notice Recent reports relevant to power sector : https://powermin.gov.in/en/content/annual-reports-year- wise-ministry 34
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Contact Information Join us: @reclindia https://recindia.nic.in/ Investor Relations/ 54EC & Other Bond Queries : Investorcell@recl.in Equity Share Queries: Complianceofficer@recindia.com 35
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FINANCING INDIA'S POWER & PROGRESS STORY