U.S. Markets closed

Rural Electrification Corporation Limited (RECLTD.NS)

NSE - NSE Real Time Price. Currency in INR
Add to watchlist
166.90-2.20 (-1.30%)
At close: 3:29PM IST

Rural Electrification Corporation Limited

Core-4
SCOPE Complex
New Delhi 110003
India

http://www.recindia.gov.in

SectorFinancial
IndustryCredit Services
Full Time Employees678

Key Executives

NameTitlePayExercisedAge
Mr. Ajeet Kumar AgarwalDirector of Fin. & Whole-Time Director4.51MN/A57
Mr. Jyoti Shubhra AmitabhGen. Mang., Compliance Officer and Company Sec.3.56MN/AN/A
Dr. P. V. Ramesh Babu IASChairman & MDN/AN/A57
Mr. Sanjeev Kumar GuptaDirector of Technical & Whole-Time DirectorN/AN/A54
Mr. Ashok AwasthiExec. Director of Admin. /REN & SD/Estate/Generation Pvt Sector/AA-RTIN/AN/A58
Amounts are as of December 31, 2016 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.

Description

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 N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

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.