What is REC Limited?
REC Limited, established in 1969 and headquartered in New Delhi, India, is a prominent financial institution dedicated to funding and investment solutions within the power sector. Originally conceived to address agricultural irrigation needs during droughts, REC has broadened its scope to encompass comprehensive financial services for power generation, transmission, and distribution projects across Asia, with a strong emphasis on India. As a recognized entity, often associated with major enterprise-level funding, REC Limited facilitates energy infrastructure development through strategic financial instruments and venture capital.
How much funding has REC Limited raised?
REC Limited has raised a total of $2.4B across 4 funding rounds:
Debt
$400M
Debt
$750M
Debt
$500M
Stock Offering
$700M
Debt (2021): $400M with participation from Barclays, Citigroup, Standard Chartered, and MUFG Bank
Debt (2023): $750M led by State Bank of India, MUFG Bank, Barclays, Standard Chartered Bank Ghana, and DBS
Debt (2024): $500M, investors not publicly disclosed
Stock Issuance/Offering (2024): $700M, investors not publicly disclosed
Key Investors in REC Limited
Barclays
Barclays PLC is a British multinational universal bank providing a wide range of financial services globally, including corporate and investment banking, with a significant presence in the UK and US.
MUFG Bank
MUFG Bank, Ltd. is Japan's premier bank, offering extensive commercial and investment banking products and services worldwide through a global network.
Standard Chartered
Standard Chartered plc is a British multinational banking and financial services company operating a vast network across numerous countries, with its headquarters in London.
What's next for REC Limited?
With a robust funding history and recent strategic investment, REC Limited is well-positioned to continue its mission of financing critical power infrastructure. The company's ongoing access to significant capital, including debt financing from major financial institutions, suggests a strategy focused on large-scale project development and expansion. Future initiatives are likely to involve further investment in renewable energy, grid modernization, and other key areas of the power sector, reinforcing its role as a vital financial enabler for India's energy landscape and beyond.
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