Rec Ltd. Company Profile

Aggregated data from the web about Rec Ltd.

Company Name	Rec Ltd.
Website	recindia.nic.in
Snippet	REC Limited (REC) (Formerly Rural Electrification Corporation Limited) is a public Infrastructure Finance Company in India’s power sector. The company is a Public Sector Undertaking and finances and promotes rural electrification projects across India. The company provides loans to Central/ State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 7th December 2018, the Cabinet Committee of Economic Affairs has given its in-principle approval for the strategic sale of 52.63 percent REC to Power Finance Corporation Ltd. (PFC)—both public listed entities—along with transfer of management control.[4]
Type	State-owned enterprise
Owner	Government of India
Founded	1969
Revenue	₹105.09 billion (US$1.5 billion) (2011–12)
Website	recindia.nic.in
Industry	Infrastructure Finance
Traded as	BSE: 532955, NSE: RECLTD
Key people	P.V. Ramesh Babu (Chairman & MD)
Net income	₹28.17 billion (US$390 million) (2011–12)
Area served	India
Native name	ग्रामीण विद्युतीकरण निगम लिमिटेड
Headquarters	Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi, Delhi, India[2]
Subsidiaries	REC Transmission Projects Company Limited (RECTPCL), REC Power Distribution Company Limited (RECPDCL)
Total assets	₹1,087.29 billion (US$15 billion) (2011–12)
Total equity	₹147.45 billion (US$2.1 billion)[3] (2011–12)
Operating income	₹75.91 billion (US$1.1 billion) (2011–12)
Number of employees	600 (2011–12)

Rec Ltd. is part of the India company list

Have a list of company names and need to update information? Use our Company Search tool.

Please note that Powrbot Inc does not own this content and cannot vouch for its accuracy, we simply aggregate public information for ease of research.

Want to update this profile? Please contact us here with a link to the public source verifying the edit.