Jul 01, 2022 04:01 PM
Date | Action Type | Ratio |
---|---|---|
Feb 15, 2022 | Dividend | 60 |
Nov 11, 2021 | Dividend | 25 |
Sep 16, 2021 | Dividend | 17.1 |
REC Ltd, formerly known as Rural Electrification Corporation Ltd, is an Indian public infrastructure finance company. It finances and promotes power projects across the country. Its date of incorporation is 25 July 1969, and the headquarters are based in New Delhi. The company’s net sales for the March 2022 quarter were Rs. 9,633.37 crore. They were up 4.58% from the net sales of the same quarter the previous year. The company’s market capitalisation on 16 June 2022 stood at Rs. 22,128 crore.
The company’s code for listing on the Bombay Stock Exchange is 532955 and on the National Stock Exchange is RECLTD. REC Ltd was listed for trading on the exchanges on 12 March 2008.
REC Ltd is a public sector undertaking. It is a Navratna company and operates under the purview of the Ministry of Power. Its product portfolio includes finance for rural electrification projects and loans to State Electricity Boards, NGOs, Central/State Sector Power Utilities, Rural Electric Cooperatives, and Private Power Developers. The company also provides loan products for financing Renewable Energy projects.
REC Transmission Projects Company Limited (RECTPCL) and REC Power Distribution Company Limited (RECPDCL) are the subsidiaries of REC Ltd.
The key people in the company’s management include Shri Vivek Kumar Dewangan as Chairman & Managing Director and Shri Ajoy Choudhary as Director (Finance). The other board members include Shri Vishal Kapoor, Smt Durgesh Nandini, Smt Parminder Chopra, Dr Manoj M. Pande, and Dr Gambheer Singh. The auditors are OP Bagla & Co. LLP and SK Mittal & Co.
When it comes to REC Ltd.’s share price, on 16 June 2022, REC’s share price on NSE was Rs. 112.05, and REC Ltd.’s share price on BSE was Rs. 112.10. The 52-week high for REC Limited’s share price was Rs. 168.70, and the 52-week low for REC’s share price was Rs. 113.40.
Disclaimer- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.
Core-4 SCOPE Complex, 7 Lodi Road, New Delhi, New Delhi, 110003
Tel | : | 91-11-24365161 |
: | complianceofficer:recl.in | |
Website | : | http://www.recindia.gov.in |
Karvy Computershare Pvt Ltd
AGM Date (Month) | : | Sep |
Face Value Equity Shares | : | 10 |
Market Lot Equity Shares | : | 1 |
BSE Code | : | 532955 |
NSE Code | : | RECLTD |
Book Closure Date (Month) | : | Sep |
BSE Group | : | A |
ISIN | : | INE020B01018 |