Press background on Rural Electrification Corporation Limited
Company profile
Rural Electrification Corporation Limited (REC), a NAVRATNA Central Public Sector Enterprise under Ministry of Power, was incorporated on July 25, 1969 under the Companies Act 1956. REC a listed Public Sector Enterprise Government of India with a net worth of Rs. 24,857.03 crore as on 31.03.15. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them
Rural Electrification Corporation Limited (The “Company” or the “Issuer” or “REC”) plans to raise funds through Public Issue of Tax Free Secured Redeemable Non Convertible Bonds with Face Value of Rs. 1,000 each for an amount of Rs 300 crore with an option to ret... (more)
Oct 26, 2015 17:00 IST
Rural Electrification Corporation Limited
