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).
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.
REC provides long terms loans and other financing products to State, Centre and Private Companies for creation of infrastructure assets in the country.
As on 30.06.23, REC had a Loan Book of ₹4,54,393 Cr with 91% loans to state sector. The Net Worth of the company stood at ₹60,886 Cr. As per Public Enterprises Survey FY2021-22, REC is ranked 8th in term of Net Profit among all 188 profit making CPSEs.
REC continues to play a key strategic role in the flagship schemes of the Government for the power sector. In the past, REC has been associated as nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY) and National Electricity Fund (NEF) Scheme. These schemes resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain states for the Revamped Distribution Sector Scheme (RDSS).
REC funds its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings. REC enjoys highest Domestic Rating of “AAA” for long-term borrowing from IRRPL, CRISIL, and ICRA. On international basis, REC holds rating of “Baa3” from Moody’s and “BBB-” from Fitch, both at par with sovereign ratings.
REC has a countrywide presence through 22 state offices for effective service delivery.
RECPDCL, (REC Power Development and Consultancy Limited) the wholly owned subsidiary of REC, provides a range of value added consultancy services in the power sector.
REC Institute of Power Management & Training (RECIPMT) is a Training Institute established at Hyderabad in 1979 with the objective to design and conduct training programmes on various topics of Electricity Generation, Transmission and Distribution Systems and also on Non-Conventional/Renewable Energy Systems.
ZHuzoor Infratech Private Limited is a new-age construction marketplace & aggregator platform, providing all construction materials under one roof. It is a Start-up coming from the house of Shyam Steel, renowned TMT Bar Manufacturer in India and having a rich legacy of 70 years in this domain.
ZHuzoor takes orders from infrastructure contractors and fulfils by supplying construction materials like TMT Bar, all types of structural steel, Tubes & Pipes, Crash Barrier, Scaffolding & Shuttering Materials, Bitumen & Emulsion, Paints, etc. from all reputed manufacturers on Pan India basis. We serve all major sectors like Roads, Airports, Oil & Gas, Water, Irrigation, Health & Education sector etc. The motto of us is to resolve pain points of infrastructure players.
ZHuzoor provides best quality materials at best possible price at customer doorstep along with customer-friendly payment terms.
SANY Global
Sany India was incorporated in 2002 and offers the widest range of Construction Machinery in India & South Asia. In 2012, SanyIndia invested more than INR 750 crore to develop infrastructure for R&D, Quality Inspection, Testing, and Service at our manufacturing facility in Chakan, Pune. Through this facility, the company operates in multiple product categories like Excavation Equipment, Hoisting Solutions, Deep Foundation equipment, Mining equipment, Road equipment, Port Equipment, Concrete Machinery and Renewable Energy.
Within a short span of 21 years, SanyIndia has established itself as a market leader for Deep Foundation Equipment, Hoisting Equipment, Excavators, Mining Solutions, Port and Concrete equipment. The company has already established a strong network of around 42 dealers and 260 plus touch points across India and South Asia to cater to the growing demand and provide support to all its customers & associates. Sany has more than 25,000 machines delivered on the ground, contributing to infrastructure development projects in India & other South Asian countries. Owing to its widest product range, superior build quality, service commitment, innovative solutions, and global expertise, SanyIndia has achieved market leadership in various construction equipment segments.
Afcons
Gulf Oil
CASE CONSTRUCTION
CNH Industrial – CASE Construction
CNH Industrial is a global leader in the capital goods sector that, designs, produces and sells
agricultural and construction equipment. With a rich legacy of 180 years, CNH Industrial has 10 brands,
42 plants, 30 R&D centres across the world. CNH Industrial offers sustainably advanced products
and is committed to delivering the highest ethical standards and supporting its dealers and customers
through a diverse and inclusive workforce, industry-leading technology, exceptional safety and quality,
and unmatched innovation. In India, CNH Industrial proudly serves the country through 3 of its brands
- New Holland Agriculture, CASE Construction and CASE IH Agriculture. These brands deliver the
promise of globally engineered excellence and have been Making in India for over 30 years.
CASE Construction Equipment is built on the principle that simple is better. It has been solving
earthmoving challenges with its machines since 1842. These construction and mining equipment are
an evolution of fine-tuned products designed to solve real world challenges. With a rich legacy of 180
years, CASE Construction has steeped in global technical knowledge and strong values of providing
best-in-class powerful machines to its customers
CASE Construction customers come back for its wide offering and excellent After Market Service
(CASE Protect and CASE Care – extended warranty service, CASE Sitewatch program, ensures timely
working procedures in case of any delay or disruption) which is available at the large dealer network
across the country. It provides complete solution from purchase or rentals of construction equipment to
training and maintenance of machines whenever required.
To continue its endeavour and offer the best products to Indian customers and abroad, as a market
leader in Indian construction equipment, CASE has proudly contributed to India's 'Make in India'
initiative. CASE Construction firmly produces in India, for the world, from research and development
through production and distribution. The Pithampur Manufacturing Plant in Madhya Pradesh, India,
is a testament of rich heritage and technical know-how at the global level. This cutting-edge
manufacturing facility exemplifies CASE India's tradition of producing world-class equipment with
innovation and intelligence for over 30 years. The centre is a powerhouse of talent, having teams
recognised for their research and innovation. CASE has recognised India as a potential market and has
successfully manufactured and exported machinery such as Loader Backhoes to over 30 countries
including in the Middle East, Africa, Southeast Asia, Sri Lanka, Russia, and Bhutan. Recently, the
bronze-certified WCM facility successfully manufactured the FX series of Loader Backhoe for the
Indian market as well as the world.
Known to deliver powerful products that offer productivity, efficiency and profitability, some of the
standout features of CASE equipment are FPT Engine, BS (CEV)-IV compliant that provides fuel
efficiency and Intelligent Hydraulic System (CIHS). Some of the safety and comfort features such as
RH Pillar mounted GVAC control, open and lockable storage spaces on RH Cluster for operator comfort
and AV system for quick information, engines designed with lockable hood, rear-view visibility for
maximum safety of the operators, HVAC mode, electronic foot throttle, intuitive side cluster and multiadjustable operator seat make it an ideal choice of customers. These features are present in some of
the best offering by CASE Construction such as the FX Series Loader Backhoes and Vibratory
Compactors, CX C-Series Excavators, Motor graders & Dozers. CASE is a customer centric brand and
values their feedback. Therefore, fuel efficiency is one of the key features in the equipment that not only
saves fuel cost but also offers faster cycle time, thereby increasing productivity.
CASE Construction supports its customers with easy finance options through CNH Industrial Capital,
a global financial services provider that helps farmers in India with tailor made offerings and solutions.
CNH Industrial Capital is one of the catalysts for CASE Construction to build a strong and lasting
relationship with its customers in India.
Besides, manufacturing and distributing best-in-class construction and mining equipment, CASE
Construction is keenly focused on giving back to the environment and building rural communities
through its CSR projects. CNH Industrial and its entities have shown commitment to sustainability and
care for the environment by saving more than 30000 crore litres of water by sustainable farming
equipment like Pneumatic Planters, Sugarcane Harvester and Balers. The company has also made
signification contributions towards environment conservation projects such as tree plantation, pond
adoption (Jal Sanchay), and prevention of crop stubble burning.
Care and support has also been given to various community building initiatives, with New Holland
sponsoring and running programs related to education such as: New Holland Digital Classroom, School
infrastructure development and Mission education. On health, and rural skill development as well, CNH
Industrial’s footprint has been noteworthy with programs such as Unnat Kushal, Swavlamban and Smile
on Wheels (A mobile medical unit).