REC is a power sector lender and finances all segments of domestic power infrastructure (generation, distribution and transmission), and renewable energy projects. REC has a healthy sanction pipeline, and the management has guided for Rs.1 lakh crore of disbursements in the second half of 2024-25. It will focus on the reform-driven power distribution sector, aiming for 15-20% loan book growth over 3-4 years and plans to double AUM by 2030. Should you invest in this NBFC stock?
