About
Basic Data Updated:
3 days ago"Introducing REC Limited - a leading public financial institution that operates under the Ministry of Power, Government of India. With a strong credit rating and registration with the Reserve Bank of India as a non-banking infrastructure finance company, REC Limited plays a crucial role in partnering with the government to improve the power distribution sector in the country. Its diverse product portfolio includes project-term loans, short-term loans, equipment lease financing, and consultancy services for power projects in generation, transmission, and distribution. Serving a wide range of clients including state and private power utilities, independent power producers, and power equipment manufacturers, REC Limited is a key player in government initiatives such as Saubhagya, RDSS, NEF, UDAY, and Powerthon. With a nationwide presence and a rich history dating back to 1969, REC Limited is dedicated to powering India's growth and development."
Industry
Company Details
- Location
Central Delhi, Delhi, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
Financials of Rec Limited
Rec Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.06% increase. The company also saw a substantial improvement in profitability, with a 10.04% increase in profit. The company's net worth Soared by an impressive increase of 13.13%.
Corporate Structure
Unlock access to Rec's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Rec Limited
Unlock and access historical data on people associated with Rec, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (2)
VD
Vivek Dewangan
Managing DirectorAppointment Date: 17-May-2022
Status: Current
JA
Jyoti Amitabh Company SecretaryAppointment Date: 03-Sep-2012
Status: Current
Board Members(7)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Sbicap Trustee Company Limited Creation Date: 01 May 2023 | ₹13,000.00 Cr | Open |
Sbicap Trustee Company Limited Creation Date: 27 Apr 2022 | ₹14,000.00 Cr | Open |
Sbicap Trustee Company Limited Creation Date: 25 May 2021 | ₹9,000.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Rec, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rec's trajectory.
Rating
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Alert
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Related Corporates (Common Directorship)
Rec Power Development And Consultancy Limited
Active
16 years 10 months Vivek Dewangan and Vijay Singh are mutual person
Maharashtra State Electricity Distribution Company Limited
Active 18 years 11 months Vijay Singh is a mutual person
Recent activity within the organization
Annual General Meeting
Rec Limited last Annual general meeting of members was held on 06 Sep 2023 as per latest MCA records.
06 Sep 2023Director Appointment
Shashank Misra was appointed as a Nominee Director was appointed as a Nominee Director on 21 Aug 2023 & has been associated with this company since 8 months 28 days .
21 Aug 2023Director Appointment
Manoj Sharma was appointed as a Nominee Director was appointed as a Nominee Director on 11 Jul 2023 & has been associated with this company since 10 months 8 days .
11 Jul 2023Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 13,000.00 cr with Charge ID 100720711 was registered on 01 May 2023.
01 May 2023Balance Sheet
Rec Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
31 Mar 2023
Recent News, Updates & Announcement
REC to Infuse Equity Investment of 1425 Million into Hindustan Power Exchange.Mercomindia 01 Dec 2023
- REC signs MoU with RailTel to Finance Infrastructure Projects in Telecom IT and Railway Signalling.
nbspGurugram REC Limited signed an MoU with RailTel on 9th November 2023 to extend financial assistance upto Rs 30000 Crore for Infrastructure Projects to be executed by RailTel in next 5 years These projects encompass a wide range of areas i.
OdishaDiary 10 Nov 2023
- RECs MoUs worth 40358 crore to power up Odishas energy infrastructure and sustainability.
REC signs MoUs worth 40358 crore for power projects in Odisha OPGC Acme Group and Avaada Group to receive funding for thermal green hydrogen and ammonia facilities RECs partnerships will boost energy infrastructure and promote sustainability in Odisha PowerMoves SustainableEnergy EconomicGrowth.
mint 16 Oct 2023
- REC sanctions Rs 6075 cr loan to Greenko Rs 3081 cr debt to Serentica Renewables.
Moneycontrol 16 Sep 2023
- REC8217s Net Profit Up 21 YoY to 29 Billion in Q1 FY 2024.
Mercomindia 27 Jul 2023
Frequently asked questions
What is the Incorporation or founding date of Rec Limited?
