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Rural Electrification Corp — bonds & company profile

company Rural Electrification Corp
full company name REC Limited
country of risk India
country of registration India
industry Power
web https://www.recindia.nic.in/home
SIC 6111 FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES
IR Web https://www.recindia.nic.in/shareholding-pattern

Company details

  • pre-LEI / LEI
    335800B4YRYWAMIJZ374
  • CIK
    0001623099

Profile

Rural Electrification Corporation Limited (REC Limited), a NAVRATNA Central Public Sector Enterprise under Ministry of Power, was incorporated on July 25, 1969 under the Companies Act 1956. REC a listed Public Sector Enterprise Government of India with a net worth of Rs. 11,080 Crore as on 31.03.10. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States. The Project Offices in the States coordinate the programmes of REC’s financing with the concerned SEBs/State Power Utilities and facilitate in formulation of schemes, loan sanction and disbursement and implementation of schemes by the concerned SEBs/State Power Utilities.

News and documents

Issuer credit rating

Rating AgencyRatingRating scaleDate
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
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Outstanding bond issues amount

Сurrency Outstanding bond issues Cumulative volume
INR 129 1 735 291 097 000
USD 5 2 500 000 000

Consolidated IFRS reports

year 1 Q 2 Q 3 Q 4 Q
2019
8.33 M eng
0.4 M eng
2018
0.95 M eng
1.16 M eng
0.81 M eng
0.53 M eng
2017
0.3 M eng
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