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Rural Electrification Corporation Limited (REC) is a leading public Infrastructure Finance Company in India’s power sector. The company finances and promotes rural electrification projects across India, operating through a network of 13 Project Offices and 5 Zonal Offices, headquartered in New Delhi. The company provides loans to Central/ State Sector Power Ut
ilities, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. REC is a Navratna Company functioning under the purview of the MINISTRY OF POWER – GOVT. The company is listed on both National Stock Exchange of India and Bombay Stock Exchange. The company is currently among the top 500 Global Financial Services brands by UK-based plc Brand Finance (Brand Finance @ Global Banking 500 for 2010). The company is also among the Forbes Global 2000 companies for 2010. Business Operations
REC’s business model spans across the value chain of power infrastructure financing including
(a) equipment finance,
(b) technical/ financial appraisal of project,
(c) project finance as well as short term or bridge loans for generation, intensive electrification, transmission, distribution, repair and maintenance,
(d) support functions like project monitoring, consultancy and advisory. The company operates autonomously as a Central Public Sector Enterprise under the Ministry of Power, Government of India and also acts as nodal agency for expansive Government of India schemes for building electricity infrastructure. Business operations in India are supported by a network of 19 offices headquartered in New Delhi. Source
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