REC LIMITED Company Profile Details at KooCapital.Com – Stock Market News Portal.
REC Limited engages in the provision of financial services. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its services include loan for generation, transmission, and distribution projects. The company was founded on July 25, 1969 and is headquartered in New Delhi, India.
rec limited company operating in Finance Sector and dealing in Finance/Rental/Leasing. rec limited is SEBI Listed Company (India) and having:-
ISIN (An International Securities Identification Number): INE020B01018
Equity Stock (National Stock Exchange) Symbol: RECLTD
NSE Link IS: https://www.nseindia.com/get-quotes/equity?symbol=RECLTD
BSE Link IS: https://www.bseindia.com/stock-share-price/rec-ltd/RECLTD/532955/
REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution. [1]
Services Offered
Loan for Generation Projects – Setting up new power generating stations based on conventional sources and renewable sources of energy.
– Evacuation of power from new power generating stations and strengthening/ improvement of existing transmission systems in the designated areas.
– Strengthening and improvement of the power sub-transmission and distribution system in the designated areas.
– Working capital requirements for purposes like purchase of fuel for power plant, purchase of power, purchase of material and minor equipment, system and network maintenance including repair of transformers etc.
REC came into being in 1969 to articulate a response to the pressing exigencies of the nation. During the time of severe drought, the leaders sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. Thereafter, we have ventured into newer paths and expanded our horizons to emerge today, as a leader in providing financial assistance to the power sector in all segments, be it Generation, Transmission or Distribution.
As a Navratna company under the administrative control of the Ministry of Power, we have been rated ‘Excellent’ in terms of the MoUs signed with the Government for 22 consecutive years. Under the discerning leadership of highly qualified and experienced professionals, which has effectively harnessed the individual talents of all our employees, we have maintained consistent profit margins and paid dividends each year since fiscal 1998. We have thus propelled ourselves to a net worth of over ₹30,000 crore.
Nation-building constitutes our core value. As a natural corollary, we have been appointed as the nodal agency by the Government of India for implementation of schemes like UDAY, DDUGJY and Saubhagya.
Our two subsidiaries – RECPDCL (REC Power Distribution Company Limited) and RECTPCL (REC Transmission Project Company Limited) work in tandem with us to realise our shared mission by providing consultancy services in Distribution and Transmission sectors.
We take due cognizance of the fact that we owe our stupendous success to our customers, the unflinching commitment of our employees and our countrywide presence through 23 offices which ensures easy accessibility. Having bolstered our share in the country’s total power capacity, we are poised to help build a sound infrastructure to provide affordable, accessible and sustainable power.
REC Limited stand with slogan [Over five decades of driving power sector growth through comprehensive financial and technical solutions]
Company Website: https://recindia.com/
Company Website2: https://www.recindia.nic.in/
LinkedIn page URL: https://in.linkedin.com/company/reclindia
Wiki Profile URL: https://en.wikipedia.org/wiki/REC_Limited
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