REC was incorporated in 1969 in the backdrop of severe drought and famine in the country, to energise agricultural pump-sets for irrigation purposes, thereby reducing the dependency of agriculture on monsoons. From its humble beginnings, REC has evolved and expanded its financing mandate to cover the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen etc. More recently REC has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.
PMG oversees project monitoring across Operating Divisions and Regional Offices, ensuring adherence to
guidelines and reporting to higher management.
Site visits and Oversees project
monitoring activities.
Submits monthly reports
to senior management.
Manages and follows up on
critical project issues.
Project are monitored through site
visits by REC Officials and Project
Monitoring Agencies
Critical Issues captured during monitoring are raised to all stakeholders for timely resolution
Periodic review meetings with different stakeholder. Suitable alerts are generated through portal for capturing ATRs
Effective project monitoring with the help of portal leads to timely completion of projects, benefitting all stakeholders
REC is a ‘Maharatna’ company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).
