106.45
104.8
109.65
104.8
24992.6 Cr
0.0
197.5 Cr
3.1
0.6
10.0
9.7
217.1
NA
NA
52.6
42.3
NA
21.5
9.3
NA
COMPANY | PRICE | MCAP (cr) | P/B | P/E | EPS | ROE | ROCE | NII |
---|---|---|---|---|---|---|---|---|
REC Limited | 105.15 | 24992 | 0.6 | 3.1 | 42.3 | 21.5 | 9.3 | NA |
Indian Railway Finance Corporation Limited | 21.4 | 29077 | 0.8 | 6.8 | 3.4 | 13.3 | 5.0 | NA |
Power Finance Corporation Limited | 118.7 | 30849 | 0.6 | 3.6 | 32.0 | 17.3 | 9.2 | NA |
MAS Financial Services Limited | 651.05 | 3612 | 4.0 | 32.5 | 26.3 | 13.3 | 11.4 | NA |
IFCI Limited | 10.8 | 2325 | 1.1 | 0.0 | -10.3 | -64.4 | -6.9 | NA |
Ujjivan Financial Services Limited | 183.5 | 1634 | 1.4 | 873.1 | 0.2 | 0.2 | 0.2 | NA |
REC (formerly Rural Electrification Corporation Limited) came into being in 1969 to articulate a response to the pressing exigencies of the nation. The company is a Navratna company under the Ministry of Power. The company fund its business with market borrowings of various maturities, including bonds and term loans apart from foreign borrowings, on its own. Under the discerning leadership of highly qualified and experienced professionals, which has effectively harnessed the individual talents of all its employees, the company has maintained consistent profit margins and paid dividends each year since fiscal 1998.
As a natural corollary, the company has been appointed as the nodal agency by the Government of India for implementation of Saubhagya (Pradhanmantri Sahaj Bijli Har Ghar Yojana) and DDUGJY (Deendayal Upadhyaya Gram Jyoti Yojana), the schemes which aim at providing 24x7 sustainable and affordable powers to all households in the country. The company has also been entrusted with the responsibility of being the coordinating agency for rolling out UDAY (Ujwal Discom Assurance Yojana) which seeks to operationally reform and financially turnaround the power distribution companies of the country.
Business area of the company
The company is a leading infrastructure finance company. The company’s business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution. The company provide financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities through its extensive network of many offices across the country.
Services
The company offers a gamut of financial services that cater to entities across the power sector value chain to help them set up power infrastructure, bolster operational efficiency, broaden their product portfolio and implement innovative technology solutions. The company address the financial needs of state power utilities, private sector project developers, central power sector utilities and state governments to facilitate investments in power generation, power, transmission, power distribution and system improvement initiatives.
Subsidiaries of the company
Awards
2020-21
2019-20
2018-19
2017-18
2016
2015
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2012
2011
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