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    Rural Electrification Corporation Limited (RECLTD.BO)

    273.85 Up 0.20(0.07%) Oct 1, 6:11AM EDT
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    Rural Electrification Corporation Limited
    SCOPE Complex
    New Delhi, 110003
    India - Map
    Phone: 91 11 4102 0101
    Fax: 91 11 2436 0644
    Website: http://www.recindia.gov.in

    Index Membership:N/A
    Industry:Credit Services
    Full Time Employees:678

    Business Summary 

    Rural Electrification Corporation Limited, a public financial institution, provides finance assistance for rural electrification projects in India. It offers finance for intensive electrification projects; pump set projects; the improvement 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, including transformer repairs, etc. The company also provides debt refinancing for state power utilities/private power utilities by repaying their term loans raised from other banks/financial institutions; 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 to state/central sector/private sector companies for power generation projects. It serves state electricity boards, state power utilities/state power departments, and private sector for various segments of power infrastructure. The company was incorporated in 1969 and is based in New Delhi, India.

    Key Statistics

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    Key Executives 
    Mr. Rajeev Sharma , 55
    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 Sub-Committee for Review of Lending Rates of Short Term Loans & Term Loans, Chairman of Exec. Committee, Chairman of Bond Committee, Chairman of Committee On Investment of Surplus Funds and Member of Corp. Social Responsibility Committee
    Mr. Ajeet Kumar Agarwal , 55
    Director of Fin., Exec. Director, Chairman of Sub Committee of The Board for Review & Updation of Hr Policies, Member of Exec. Committee, Member of Sub-Committee for Borrowings Other Than Debentures, Member of Stakeholders Relationship Committee, Member of Loan Committee, Member of Risk Management Committee, Member of Bond Committee, Member of Sub-Committee for Review of Lending Rates for Short Term Loans/ Term Loans, Member of Corp. Social Responsibility Committee, Member of Comm
    Mr. Jyoti Shubhra Amitabh ,
    Gen. Mang., Compliance Officer, Company Sec. and Chairman of Share Transfer Committee
    Mr. S. K. Gupta ,
    Director of Technical and Exec. Director
    Mr. Ashok Awasthi , 56
    Exec. Director of Admin., REN & SD/Estate and Chief Exec. Officer of REC Transmission Projects Company Limited
    Amounts are as of Dec 31, 2015 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.