REC Limited is a Government of India Enterprise. It is also a listed Maharatna Company under Ministry of Power. It was incorporated on July 25, 1969 under the companies act 1956. REC is a Systematically Important NBFC registered with RBI. The main objective of REC is to finance the power sector value chain. The Borrowing of REC Limited are rated the highest i.e. “AAA” from CRISIL, CARE, India Ratings and ICRA.