Rural Electrification Corporation Limited
Full Form of REC
What is REC?
REC, originally known as Rural Electrification Corporation Limited, is a public sector undertaking under the Ministry of Power, Government of India. It was established in 1969 to finance and promote rural electrification projects across the country. Over the decades, REC has evolved into a leading financial institution in the power sector, funding generation, transmission, distribution, and renewable energy projects. It plays a pivotal role in India's energy infrastructure development, especially in implementing schemes like the Deendayal Upadhyaya Gram Jyoti Yojana and Saubhagya. REC is classified as a Navratna company, reflecting its operational excellence and financial strength. The term REC is commonly used in government policy documents, public sector banking, and power sector examinations such as UPSC, SSC, and banking exams where questions on public enterprises appear. Its headquarters are in New Delhi, and it operates through regional offices across India. Understanding REC's functions is important for students preparing for competitive exams that cover Indian economy, energy sector, and public sector units.
REC का फुल फॉर्म
ग्रामीण विद्युतीकरण निगम लिमिटेड
Example
REC Limited recently sanctioned a loan of ₹500 crore for a solar power project in Rajasthan.