RECLTD.BO - Rural Electrification Corporation Limited

BSE - BSE Real Time Price. Currency in INR

Rural Electrification Corporation Limited

SCOPE Complex 7, Lodhi Road CGO Complex, Pragati Vihar
New Delhi 110003
91 11 4309 1500

SectorFinancial Services
IndustryCredit Services
Full Time Employees678

Key Executives

NameTitlePayExercisedYear Born
Dr. Penumaka Venkata Ramesh Babu IASChairman & MD729.8kN/A1960
Mr. Ajeet Kumar AgarwalDirector of Fin. & Director5.58MN/A1960
Mr. Sanjeev Kumar GuptaDirector of Technical & Whole-Time Director4.96MN/A1963
Mr. Jyoti Shubhra AmitabhGM, Compliance Officer & Company Sec.3.96MN/AN/A
Mr. S. L. BattaGen. Mang. of Law & Public Information Officer-RTIN/AN/AN/A
Amounts are as of December 31, 2017 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.


Rural Electrification Corporation Limited, a public financial institution, provides financing and promotion services for power transmission, distribution, and generation projects in India. It formulates, implements, and finances a range of power projects. The company primarily offers long-term loans, medium-term Loans, and short-terms loans, as well as other products comprising debt refinance, bridge loans, equipment lease, loans for power purchase through Indian energy exchange, and transitional finance loans; and counter-part funding for the integrated power development scheme. 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 developer through tariff based competitive bidding process for establishment of inter-state transmission systems; and operates a training institute that offers programs on power transmission and distribution systems, and non-conventional energy systems. The company serves Indian public sector power utilities, such as central and state power utilities, as well as private sector power utilities through a network of project offices and its training center. The company was incorporated in 1969 and is based in New Delhi, India.

Corporate Governance

Rural Electrification Corporation Limited’s ISS Governance QualityScore as of April 1, 2018 is 7. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 9; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.