Note: All prices and reports are based on end of the day (EOD) data.
REC Limited (RECLTD)
What RECLTD does

REC Limited

What company does?Financing and promoting power sector projects
Established1969
Entity typeGovernment
HeadquartersIndia
SegmentB2B
REC Limited is a share market listed company in the Financial Institution industry . It got listed on NSE on 12-MAR-2008 under the trading symbol RECLTD. On BSE it is listed under trading symbol RECLTD. The company operates in Energy , Infrastructure and Finance categories.

Company overview

REC Limited, formerly known as Rural Electrification Corporation Limited, is a Government of India enterprise under the Ministry of Power. Established in 1969, REC plays a crucial role in the development and financing of various power projects across India.

The primary objective of REC is to finance and promote rural electrification projects all over the country. It provides financial assistance to state electricity boards, state government departments, rural electric cooperatives, NGOs, and private power developers for rural electrification projects.

REC offers financial assistance at competitive rates for promoting renewable energy initiatives such as solar power plants, wind farms, small hydro projects, biomass-based power generation systems among others. The company also extends its support through funding transmission & distribution infrastructure improvement programs and energy efficiency schemes.

One aspect that sets REC apart from its competitors is its focus on sustainable energy solutions along with innovative financing models for clean energy initiatives. The company has been actively involved in driving the adoption of green technologies by providing cost-effective financing options for renewable energy projects.

In addition to its core operations related to lending activities in the power sector including renewables like solar and wind; it has also diversified into areas such as consultancy services regarding project monitoring or evaluation and extending expertise towards development works associated with this domain. This diversification helps position REC as not just a financier but an enabler contributing significantly towards nation-building efforts around infrastructural growth within these sectors.

Disclaimer :

All prices or any other data provided here is based on previous day's closing price.

Trading or investing involves a high level of risk, including the loss of all of your investment. No information on our website should be interpreted as an investment / trading suggestion. We are not providing any kind of financial tips or recommendations. We just provide the data that you can analyse yourself and make your own decision. You are solely responsible for any of your action.

We are not SEBI registered analysts. Our website or any person associated with our website are not liable for any kind of losses, fees or charges etc.

We have tried our best to keep the data accuracy. But still we don't guarantee that our data is accurate and up to date. Verify the accuracy of data from official sources like NSE and BSE websites.

Any brand names, trademarks, or copyrighted materials used on this website are for informational purposes only. We disclaim any ownership or rights to such third-party copyrighted materials.

Stocklyzer

At stocklyzer, we provide financial tools, guides and data analysis to help you to make your decision in the financial market.

Contact us
Contact us for any kind of inquiry contact@stocklyzer.com Contact form
Stocklyzer.com © Copyright 2023. All Rights Reserved.