400.10 -2.30(-0.57%)
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Rural Electrification Corporation Limited (REC) is a Navratna Central Public Sector Enterprise under the Ministry of Power. The Company is a Government of India Enterprise engaged in extending financial assistance across the power sector value chain and is a Systemically Important (Non-Deposit Accepting or Holding) Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI). Being an NBFC, the company is regulated by Reserve Bank of India.REC is a leading Infrastructure Finance Company in India and the principal products of REC are interest-bearing loans to State Electricity Boards, State Power utilities/State Power Departments and Private sector for all segments of Power infrastructure.The company assists clients in formulating and implementing a broad array of power projects and finance those projects. Their clients primarily include Indian public sector power utilities at the central and state levels and private sector power utilities. Their primary financial product is project-based long-term loans. They fund their business with market borrowings of various maturities, including bonds and term loans.Rural Electrification Corporation Limited was incorporated on July 25, 1969 at New Delhi as a private limited company with the name Rural Electrific...