India · Delayed Price · Currency is INR REC Limited Company Description
REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, distribution, infrastructure, and logistics 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 letter of undertaking in lieu of bank guarantee, etc. It is also involved in the implementation of distribution system strengthening works, implementation of grid/off-grid solar (PV) projects, and installation of smart meters.
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.
It serves government entities, independent power producers, and private sector borrowers. The company 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.
| Country | India |
| Founded | 1969 |
| Industry | Credit Services |
| Sector | Financials |
| Employees | 590 |
| CEO | Jitendra Srivastava |
Contact Details
Address: REC World Headquarters Gurugram, Delhi 122001 India | |
| Phone | 91 12 4444 1300 |
| Website | recindia.nic.in |
Stock Details
| Ticker Symbol | RECLTD |
| Exchange | National Stock Exchange of India |
| Fiscal Year | April - March |
| Reporting Currency | INR |
| ISIN Number | INE020B01018 |
| SIC Code | 6159 |
Key Executives
| Name | Position |
|---|---|
| Jitendra Srivastava | Chairman and MD |
| Thangarajan Subash Chandira Bosh | Director of Projects and Director |
| Rajesh Kumar | Chief Financial Officer, Director of Finance and Director |
| Bhupesh Chandolia | Senior GM of Finance and Accounts and Executive Director of Finance |
| Mohammed Azaz Ali | Chief Compliance Officer and GM of Finance |
| Prabhat Kumar Singh | Executive Director of Technical |
| Subrata Aich | Chief Risk Officer and Executive Director of Finance |
| Sahab Narain DGM, RECL | Head of Internal Audit Function, GM of Finance and Accounts and Executive Director of Finance |
| Vinita Narera | Chief Vigilance Officer |