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Rural Electrification Corporation Limited (RECLTD.BO)

-BSE
243.90 Down 1.60(0.65%) Apr 23
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Rural Electrification Corporation Limited
SCOPE Complex
Core-4
New Delhi, 110003
India - Map
Phone: 91 11 4102 0101
Fax: 91 11 2436 9846
Website: http://www.recindia.nic.in

Details 
Index Membership:N/A
Sector:Financial
Industry:Credit Services
Full Time Employees:673

Business Summary 

Rural Electrification Corporation Limited, a public financial institution, is engaged in the financing and promotion of renewable energy projects in India. The company offers finance for intensive electrification projects; pump set projects; the enhancement of transmission, sub transmission, and distribution systems; the procurement and installation of meters, transformers, capacitors, etc.; and for various working capital requirements, such as the purchase of fuel for power plant, as well as for the purchase of power, material and minor equipment, and system and network maintenance. It also provides debt refinancing; short term/medium term loans to the manufacturers of power/electrical material for power projects; finance for the development of rural electric cooperative societies; and term loans for power generation projects. It primarily serves state electricity boards, state government departments, state power utilities, and rural electric cooperatives for rural electrification projects. The company was founded in 1969 and is based in New Delhi, India.

Key Statistics


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Key Executives 
 PayExercised
Mr. Rajeev Sharma , 54
Chairman, Managing Director, Chairman of Loan Committee, Chairman of Sub-Committee for Review of Lending Rates for Short Term Loans/ Term Loans, Chairman of Sub-Committee for Borrowings Other Than Debentures, Chairman of Exec. Committee, Chairman of Bond Committee and Chairman of Committee on Investment of Surplus Funds
3.68MN/A
Mr. Ajeet Kumar Agarwal , 54
Director of Fin., Exec. Director, Chairman of Sub Committee of The Board for Review & Updation of HR Policies, Member of Exec. Committee, Member of Shareholders/Investors Grievance Committee, Member of Sub-Committee for Borrowings Other Than Debentures, Member of Bond Committee, Member of Sub-Committee for Review of Lending Rates for Short Term Loans/ Term Loans, Member of Committee on Investment of Surplus Funds, Member of Loan Committee and Member of Risk Management Committee
2.58MN/A
Mr. Prakash Jaswant Rai Thakkar , 58
Director of Technical, Exec. Director, Member of Exec. Committee, Member of Sub-Committee for Borrowings Other than Debentures, Member of Sub-Committee for Review of Lending Rates for Short Term Loans/ Term Loans, Member of Shareholders/Investors Grievance Committee, Member of Loan Committee, Member of Risk Management Committee, Member of Bond Committee, Member of Audit Committee, Member of Corp. Social Responsibility & Sustainability Committee, Member of Committee on Investment of S
4.84MN/A
Mr. Ashok Awasthi , 55
Exec. Director of Admin./REN &SD/IT/Estates/PM
N/AN/A
Mr. Jyoti Shubhra Amitabh ,
Compliance Officer, Gen. Mang., Company Sec. and Chairman of Share Transfer Committee
N/AN/A
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in INR.