Rec Ltd. Company Profile

Aggregated data from the web about Rec Ltd.

Company Name	Rec Ltd.
Website
Snippet	REC Limited (REC) (Formerly Rural Electrification Corporation Limited) is a public Infrastructure Finance Company in India鈥檚 power sector. The company is a Public Sector Undertaking and finances and promotes rural electrification projects across India. The company provides loans to Central/ State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 7th December 2018, the Cabinet Committee of Economic Affairs has given its in-principle approval for the strategic sale of 52.63 percent REC to Power Finance Corporation Ltd. (PFC)鈥攂oth public listed entities鈥攁long with transfer of management control.[4]
Type	State-owned enterprise
Owner	Government of India
Founded	1969
Revenue	鈧�105.09 billion (US$1.5 billion) (2011鈥�12)
Website	recindia.nic.in
Industry	Infrastructure Finance
Traded as	BSE: 532955, NSE: RECLTD
Key people	P.V. Ramesh Babu (Chairman & MD)
Net income	鈧�28.17 billion (US$390 million) (2011鈥�12)
Area served	India
Native name	啶椸啶班ぞ啶啶� 啶掂た啶︵啶啶む啶曕ぐ啶� 啶ㄠた啶椸ぎ啶侧た啶た啶熰啶�
Headquarters	Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi, Delhi, India[2]
Subsidiaries	REC Transmission Projects Company Limited (RECTPCL), REC Power Distribution Company Limited (RECPDCL)
Total assets	鈧�1,087.29 billion (US$15 billion) (2011鈥�12)
Total equity	鈧�147.45 billion (US$2.1 billion)[3] (2011鈥�12)
Operating income	鈧�75.91 billion (US$1.1 billion) (2011鈥�12)
Number of employees	600 (2011鈥�12)

Rec Ltd. is part of the India company list

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