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Rural Electrification Corporation Limited (RECLTD.NS)

-NSE
155.40 Up 0.35(0.23%) May 27
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Rural Electrification Corporation Limited
Core-4
SCOPE Complex
New Delhi, 110003
India - Map
Phone: 91 11 4102 0101
Fax: 91 11 2436 0644
Website: http://www.recindia.gov.in

Details 
Index Membership:N/A
Sector:Financial
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 
 PayExercised
Mr. Rajeev Sharma , 56
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, Chairman of Corp. Social Responsibility Committee and Member of Audit Committee
6.24MN/A
Mr. Jyoti Shubhra Amitabh ,
Company Sec., Gen. Mang. and Member of Share Transfer Committee
3.41MN/A
Mr. Ajeet Kumar Agarwal , 56
Director of Fin., Exec. Director, 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 Committee On Investment of Surplus Funds and Member of Sub-Committee for Review o
4.54MN/A
Mr. Vijay Kumar Arora , 63
Compliance Officer and Additional Gen. Mang. of Fin.
N/AN/A
Mr. Sanjeev Kumar Gupta , 55
Director of Technical, Exec. Director, Member of Exec. Committee, Member of Audit Committee, Member of Sub-Committee for Review of Lending Rates for Short Term Loans/ Term Loans, Member of Stakeholders Relationship Committee, Member of Loan Committee, Member of Bond Committee, Member of Corp. Social Responsibility Committee and Member of Committee On Investment of Surplus Funds
N/AN/A
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.