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REC Limited

Credit Services | Financial Services

Company Overview

REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation of Pradhan Mantri Sahaj Bijli Har Ghar Yojana, Pradhan Mantri Surya Ghar Muft Bujli Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana, and National Electricity Fund. In addition, the company 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; provides project implementation and consultancy services in power sector; and operates National Feeder Monitoring System, a cloud-based IT and analytical platform, designed to monitor the reliability and quality of power. It serves central/state government power utilities, as well as private sector power utilities. REC Limited was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. The company was incorporated in 1969 and is based in Gurugram, India. REC Limited operates as a subsidiary of Power Finance Corporation Limited.

Key Information

Market Cap

1035645419520

Current Price

393.3

52 Week Range

357.35 - 650.6

Previous Close

398.65

Open

400.0

Industry

Credit Services

Sector

Financial Services

Contact Details

Address

Plot No. I-4, Sector 29, Gurugram, 122001, India

Phone

+91-11430-91500

Fax

+91-11243-69849

Website

https://www.recindia.nic.in

Financials

Day Low

392.5

Day High

401.45

Dividend Yield

3.86

PE Ratio

6.533222

Earnings Per Share

60.2

Beta

0.331

EBITDA

Book Value

297.643

EPS

65.75195

Company Officers

Name Title Age Year Born
Mr. Jitendra Srivastava Chairman & MD - -
Mr. Harsh Baweja CFO, Director of Finance & Whole Time Director 58 1966
Mr. Sahab Narain DGM, RECL Head of Internal Audit Function and GM of Finance & Accounts - -
Mr. Jyoti Shubhra Amitabh Nodal Officer, Executive Director of Law & Company Secretary 58 1966
Mr. Hemant Kumar C.S. Chief Compliance Officer - -
Mr. Arun Kumar Tyagi Executive Director of Finance & HR - -
Ms. Taruna Gupta Executive Director - -
Mr. Rajesh Kumar Executive Director of Finance & CEO of RECPDCL - -
Mr. Virender Kumar Adhana Chief Vigilance Officer - -
Mr. Dharmendra Nagpal Executive Director - -

Company Details

Stock History

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