REC Limited (RECLTD.BO)

INR 534.2

(-0.57%)

Market Cap (In INR)

1406.66 Billion

Revenue (In INR)

466.87 Billion

Net Income (In INR)

141.12 Billion

Avg. Volume

473.05 Thousand

Currency
INR
Country
Financial Services
Open
-
Prev. Close
-
Day Range
-
Year Range
389.05-653.9
PE
-
EPS
-
Beta Value
0.72
ISIN
INE020B01018
CUSIP
-
CIK
-
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Financial Services
Industry
Financial - Credit Services
CEO
Mr. Rajesh Kumar
Employee Count
-
Website
https://www.recindia.nic.in
Ipo Date
Details
REC Limited, a public financial institution, provides 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 (Em) for power sector and coal mines, policy for funding against regulatory assets, and revolving bill payment facility services. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar 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; and provides implementation and consultancy services in power sector. 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 operates as a subsidiary of Power Finance Corporation Limited.