Description: REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company acts as the bid process coordinator for selection of transmission service provider through tariff based competitive bidding process for independent inter-state and intra-state transmission projects; provides project implementation and consultancy services in power sector; and operates National Feeder Monitoring System, a cloud-based IT and analytical platform, designed to monitor the reliability and quality of power. It serves central/state government power utilities, as well as private sector power utilities. The company was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. REC Limited was incorporated in 1969 and is based in Gurugram, India. REC Limited is a subsidiary of Power Finance Corporation Limited.
Home Page: www.recindia.nic.in
Plot No. I-4, Sector 29
Gurugram,
122001
India
Phone:
91 12 4444 1300
Officers
| Name | Title |
|---|---|
| Mr. Vivek Kumar Dewangan I.A.S. | Chairman & MD |
| Mr. Vijay Kumar Singh | Director of Projects & Director |
| Mr. Harsh Baweja | CFO, Director of Finance & Executive Director |
| Mr. Jyoti Shubhra Amitabh | Nodal Officer, Executive Director of Law & Company Secretary |
| Mr. Hemant Kumar C.S. | Chief Compliance Officer |
| Mr. Arun Kumar Tyagi | Executive Director of Finance & HR |
| Ms. Taruna Gupta | Executive Director |
| Mr. Rajesh Kumar | Executive Director of Finance & CEO of RECPDCL |
| Mr. Virender Kumar Adhana | Chief Vigilance Officer |
| Mr. Rahul Dwivedi | Executive Director of PMD |
Exchange: NSE
Country: IN : India
Currency: Indian Rupee (INR)
| GIC Sector: | Financials |
|---|---|
| GIC Group: | Financial Services |
| GIC Industry: | Consumer Finance |
| GIC Sub-Industry: | Consumer Finance |
| Forward PE: | 0 |
|---|---|
| Trailing PE: | 9.9114 |
| Price-to-Book MRQ: | 2.0028 |
| Price-to-Sales TTM: | 7.4279 |
| IPO Date: | |
| Fiscal Year End: | March |
| Full Time Employees: | 512 |