REC Limited Company Description

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 is a subsidiary of Power Finance Corporation Limited.

REC Limited

Country	India
Founded	1969
Industry	Miscellaneous business Credit Institutions
Employees	512
CEO	Jitendra Srivastava

Contact Details

Address: Plot No. I-4 Gurugram, Delhi 122001 India
Phone	91 11 4309 1500
Website	recindia.nic.in

Stock Details

Ticker Symbol	532955
Exchange	Bombay Stock Exchange
Fiscal Year	April - March
Reporting Currency	INR
SIC Code	6159

Key Executives

Name	Position
Jitendra Srivastava	Chief Executive Officer
Harsh Baweja	Chief Financial Officer