Rural Electrification Corporation Limited.

REC is a provider of financial services for power transmission, distribution and generation projects in India. Read more

13 Followers on Owler
13 Followers on Owler
13 Followers on Owler
13 Followers on Owler

Rural Electrification Corporation Limited.

REC is a provider of financial services for power transmission, distribution and generation projects in India. Read more

Ramesh V Penumaka's photo - Managing Director of Rural Electrification Corporation Limited.

Managing Director

Ramesh V Penumaka

CEO Approval Rating

83/100

Founded:

1969

Status:

PublicSubsidiary of Power Finance Corporation Ltd.National Stock Exchange of IndiaRECLTD

Annual Revenue
Employees
Headquarters

RURAL ELECTRIFICATION CORPORATION LIMITED. TOP COMPETITORS OR ALTERNATIVES

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EMPLOYEES

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Infrastructure Leasing & Financial Services Limited is perceived as one of Rural Electrification Corporation Limited.'s biggest rivals. Infrastructure Leasing & Financial Services Limited was founded in 1987, and its headquarters is in Mumbai, Maharashtra. Infrastructure Leasing & Financial Services Limited competes in the Diversified Capital Markets field. Infrastructure Leasing & Financial Services Limited has 412 fewer employees than Rural Electrification Corporation Limited..

SIFL is one of Rural Electrification Corporation Limited.'s top rivals. SIFL is a Public company that was founded in 1989 in Kolkata, West Bengal. SIFL operates in the Investment Banking & Brokerage industry. Compared to Rural Electrification Corporation Limited., SIFL has 972 more employees.

Tata Projects is Rural Electrification Corporation Limited.'s #3 rival. Tata Projects is a Private company that was founded in Secunderabad, Andhra Pradesh in 1979. Tata Projects is in the Construction Supplies & Fittings industry. Tata Projects has 3,472 more employees vs. Rural Electrification Corporation Limited..

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Is IFCI Limited a competitor of Rural Electrification Corporation Limited.?

Rural Electrification Corporation Limited. Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$6.9B

Rural Electrification Corporation Limited.'s revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 2.8B. Over the last three quarters, Rural Electrification Corporation Limited.'s revenue has grown by 220.9%. Specifically, in Q4 2020's revenue was $3.6B; in Q3 2020, it was $1.1B; in Q2 2020, it was $1.1B.

Rural Electrification Corporation Limited. Acquisitions

No recent acquisitions found related to Rural Electrification Corporation Limited.

Rural Electrification Corporation Limited. Funding History

Since Rural Electrification Corporation Limited. was founded in 1969, it has participated in 1 round of funding. In total Rural Electrification Corporation Limited. has raised $227.9M. Rural Electrification Corporation Limited.'s funding round was on Aug 2018 for a total of $227.9M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Aug 2018
$227.9M

KfW

Since Rural Electrification Corporation Limited. was founded in 1969, it has participated in 1 round of funding. In total Rural Electrification Corporation Limited. has raised $227.9M. Rural Electrification Corporation Limited.'s funding round was on Aug 2018 for a total of $227.9M

Rural Electrification Corporation Limited. Investments

No recent investments found related to Rural Electrification Corporation Limited.

Rural Electrification Corporation Limited. News

March 11, 2021BW SMARTCITIES

REC signs MoU for financing 600 MW Hydro Electric Project in Bhutan

REC Limited, Navratna company under the Ministry of Power, along with Power Finance Corporation Limit... See more »
March 9, 2021Business Standard

Nabard, REC, others to hit bond mkt today; plan to raise about Rs 8,600 cr

Dealers said the PSU may have tied up with investors before launching the issue. There may be some an... See more »
February 24, 2021India Infoline

REC raises $500 million through issuance of notes under Global Medium Term Note Programme

The net proceeds from the sale of the Notes will be applied for lending to the power sector.... See more »
February 5, 2021Millenniumpost

REC records its highest ever quarterly profit of Rs 2,263 cr

New Delhi: The Board of Directors of REC Limited approved the unaudited standalone and consolidated f... See more »
February 4, 2021Moneycontrol

REC Q3 profit surges 35% to Rs 2,258 crore

The net profit in the year-ago period was Rs 1,666.81 crore, REC said in a BSE filing.... See more »
February 4, 2021India Infoline

REC Ltd Q3 PAT up 35.5% at Rs2,258cr on sharp pick up in interest income

REC Ltd reported 17.79% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs9,... See more »
November 27, 2020India Infoline

PFC, REC to fund Rs8521cr in SJVN's 1320 MW Buxar Thermal Power project; stocks trade flat

The 1320 MW Buxar Thermal Power Project will be implemented through SJVN's subsidiary company SJVN Th... See more »

Rural Electrification Corporation Limited. Press Releases

Rural Electrification Corporation Limited. Videos

Social Media

Rural Electrification Corporation Limited. Headquarters

Core- 4, SCOPE Complex, 7, Lodhi Road CGO Complex, Pragati Vihar

New Delhi, Delhi110003

011-4309-1500

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Rural Electrification Corporation Limited. Summary

ABOUT

Overview

REC is a provider of financial services for power transmission, distribution and generation projects in India. Rural Electrification Corporation Limited. was founded in 1969. Rural Electrification Corporation Limited.'s headquarters is located in New ...

CEO

Rural Electrification Corporation Limited.'s Managing Director, Ramesh V Penumaka, currently has an approval rating of 83%. Rural Electrification Corporation Limited.'s primary competitors are Infrastructure Leasing & Financial Services Limited, SIFL & Tata Projects.

Website

recindia.nic.in

Frequently Asked Questions about Rural Electrification Corporation Limited.

  1. When was Rural Electrification Corporation Limited. founded?

    Rural Electrification Corporation Limited. was founded in 1969
  2. Who is Rural Electrification Corporation Limited.'s CEO?

    Rural Electrification Corporation Limited.'s CEO is Ramesh V Penumaka
  3. How much revenue does Rural Electrification Corporation Limited. generate?

    Rural Electrification Corporation Limited. generates $6.9B in revenue
  4. How much funding does Rural Electrification Corporation Limited. have?

    Rural Electrification Corporation Limited. has historically raised $227.9M in funding
  1. Where is Rural Electrification Corporation Limited.'s headquarters?

    Rural Electrification Corporation Limited.'s headquarters is in New Delhi Delhi, IN
  2. How many employees does Rural Electrification Corporation Limited. have?

    Rural Electrification Corporation Limited. has 528 employees
  3. What sector does Rural Electrification Corporation Limited. operate in?

    Rural Electrification Corporation Limited. is in Multi-Utilities
  4. Who are Rural Electrification Corporation Limited.'s competitors?

    Rural Electrification Corporation Limited.'s top competitors are Infrastructure Leasing & Financial Services Limited, SIFL, Tata Projects