REC Limited , a leading power sector financier under the Ministry of Power, had seen early payment of loans worth ₹49,000 crore between July and September 2025.

The bulk of the payment, about ₹11,413 crore came from the Kaleshwaram Irrigation Project in Telangana, executed by another public sector enterprise, BHEL .

The pre-payment had squeezed the growth in the size of the loan book to 6.6% from a potential 16.6% growth. However, there may be no such pre-payments in the remaining two quarters of the financial year ending March 2026, the management told analysts in a conference call, triggering a rally in the stock price on Oct 29.

Shares of REC had been on a decline since the company reported its earnings on Oct 17.

The team also reiterated its goal to achieve a loan book of ₹10 la

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