REC Ltd. is in Finance Term Lending. It was incorporated in year 1969. The current market capitalisation stands Rs 29278 Cr. The company is listed on the Bombay Stock Exchange (BSE) with the BSE code as 532955. and also listed on National Stock Exchange (NSE) with NSE code as RECLTD.
REC Limited, a public financial institution, provides financing services for power generation, transmission, and distribution projects in India. The primarily offers long-term loans, medium-term Loans, and short-terms loans, debt refinance, and equity and equipment finance, as well as coal mine finance. It also acts as a nodal agency for the implementation of Deen Dayal Upadhyaya Gram Jyoti Yojana scheme for rural electricity infrastructure, National Electricity Fund, Outage Management System, and 11kV Rural Feeder Management System, 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 consultancy services in transmission and distribution sectors. The serves central/state government power utilities, as well as private sector power utilities. The was formerly known as Rural Electrification Corporation Limited and changed its name to REC Limited in October 2018. The was founded in 1969 and is based in New Delhi, India.
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