REC clarifies media reports, expands subsidiary operations

REC Limited (BSE: RECLTD) has moved to clarify recent media reports regarding the potential classification of loans to Kaleshwaram Irrigation Project Corporation Limited (KIPCL) and Telangana Water Resources Infrastructure Development Corporation (TSWRIDC) as non-performing assets (NPAs). In a statement released June 30, 2025, REC asserted that both utilities have cleared their overdue payments, ensuring that no critical dues remain outstanding as of that date. The company emphasized that the loans are secured and backed by State Government guarantees, with no current loan assets expected to turn into fresh NPAs.