Company Name | Rural Electrification Corporation Limited |
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Website | https://www.recindia.nic.in |
Snippet | REC Limited (formerly Rural Electrification Corporation Limited) is a Navratna company under the administrative control of the Ministry of Power. REC Limited funds their business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings and provides financial assistance to the power sector in all ... |
Type | Public sector undertaking |
Owner | Power Finance Corporation (52.63%) |
Founded | 1969 |
Revenue | ₹105.09 billion (US$1.5 billion) (2011–12) |
Website | www.recindia.nic.in |
Formerly | Rural Electrification Corporation Limited |
Industry | Infrastructure finance |
Traded as | BSE: 532955, NSE: RECLTD |
Key people | Ajeet Kumar Agarwal (CMD) |
Net income | ₹28.17 billion (US$390 million) (2011–12) |
Area served | India |
Native name | आर ई सी 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) |
Rural Electrification Corporation Limited is part of the India company list
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