REC Limited (RECLTD.NS) NSE
324.50
-0.55(-0.17%)
Currency In INR
- General
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- Historical Data
- Profile
- Financials
REC Limited
Address
Plot No. I-4, Sector 29
Gurugram, 122001
India
Phone
91 12 4444 1300
Website
Sector
Financial Services
Industry
Financial - Credit Services
Employees
512
First IPO Date
March 12, 2008
Key Executives
| Name | Title | Pay | Year Born |
| Jitendra Srivastava | Chairman & MD | 4.04M | N/A |
| Mohammed Azaz Ali | Chief Compliance Officer & GM of Finance | 0 | N/A |
| Virender Kumar Adhana | Chief Vigilance Officer | 0 | N/A |
| Arun Kumar Tyagi | Executive Director of Finance & HR | 0 | N/A |
| Dinesh Garg | GM, Deputy Nodal Officer for Equity Shares, Compliance Officer & Company Secretary | 0 | 1983 |
| Hemant Kumar | Executive Director | 0 | N/A |
| Saurabh Rastogi | Executive Director | 0 | N/A |
| Taruna Gupta | Executive Director | 0 | N/A |
| Rajesh Kumar | CFO, Director of Finance & Director | 0 | N/A |
| Sahab Narain RECL | Head of Internal Audit Function and GM of Finance & Accounts | 0 | N/A |
| Thangarajan Subash Chandra Bosh | Director of Projects & Director | 0 | N/A |
Description
REC Limited, a public financial institution, provides financing services for power generation, transmission, and distribution projects in India. It primarily offers term-loan, medium-term loan, and short-terms loan. The company also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana for universal household electrification, Deen Dayal Upadhyaya Gram Jyoti Yojana, National Electricity Fund, Outage Management System, and 11kv Rural Feeder Monitoring Scheme, as well as 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 is a subsidiary of Power Finance Corporation Limited.
