REC Limited is gearing up for a major push in nuclear energy financing. The company’s chairman and managing director announced that ₹15,000 crore worth of loans will be sanctioned for nuclear power projects in the financial year ending March 2026. Every year thereafter, REC plans to approve ₹15,000-20,000 crore for such projects, with actual disbursements beginning from April 2026. By 2030, the company aims to build a loan book of ₹50,000 crore in this segment.
The company is also witnessing rapid expansion in its overall asset base. Initially aiming to double its AUM to ₹10 lakh crore by 2030, REC now expects to achieve this goal even sooner – possibly by 2028-29 – due to strong growth of around 14-15% annually.
A key priority for REC is reducing its NPAs. The company is confident that it will achieve zero net NPAs once the resolution process for outstanding cases is completed this year. To ensure financial stability, REC is only financing renewable energy projects that have confirmed Power Purchase Agreements (PPAs). This cautious approach helps minimize risk while supporting India’s green energy transition.