In 1969, India was reeling under an agrarian crisis caused by three successive years of monsoon deficit. India urgently needed to facilitate the availability of electricity in rural and semi-urban areas to boost agriculture and the quality of life of its citizens. During the time of severe drought, the Government sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. This is how REC Limited came into being, with an aim to articulate a response to the pressing exigencies of the nation by financing agricultural pump-sets.
Thereafter, REC has ventured into newer paths and expanded its horizons to emerge today,
