REC Limited (RECLTD.NS) NSE

381.35

-3.6(-0.94%)

Updated at August 08 03:30PM

Currency In INR

REC Limited

Address

Plot No. I-4, Sector 29

Gurugram, 122001

India

Phone

91 12 4444 1300

Sector

Financial Services

Industry

Financial - Credit Services

Employees

512

First IPO Date

March 12, 2008

Key Executives

NameTitlePayYear Born
Mr. Rajesh KumarExecutive Director of Finance & Chief Executive Officer of RECPDCL0N/A
Mr. Jyoti Shubhra AmitabhNodal Officer, Executive Director of Law & Company Secretary8.44M1966
Mr. Vijay Kumar SinghDirector of Projects & Whole Time Director9.69M1965
Mr. Sahab Narain DGM, RECLHead of Internal Audit Function and GM of Finance & Accounts0N/A
Mr. Arun Kumar TyagiExecutive Director of Finance & HR0N/A
Ms. Taruna GuptaExecutive Director0N/A
Mr. Harsh BawejaChief Financial Officer, Director of Finance & Whole Time Director01966
Ms. Parminder ChopraChairman & MD01967
Mr. Virender Kumar AdhanaChief Vigilance Officer0N/A
Mr. Hemant Kumar C.S.Chief Compliance Officer0N/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.