REC Ltd
NSE: RECLTD BSE: 532955
₹309.25
-2.55 (0.82%)
Mon, 19 Oct 2026, 05:10 pm
Market Cap (in Cr)82182.93
PE Ratio5.08
Dividend5.94
Finance
Finance/Rental/Leasing
24.5KREC Ltd Company History
1969
- Our Company was incorporated on July 25, 1969 under the Companies Act as a private limited company under the name of 'Rural Electrification Corporation Private Limited'
1970
- The word private was deleted from the name of our Company.
- Commenced lending operations to SEBs.
1974
- Authorised by the Ministry of Irrigation and Power to finance rural electrification under the 'Minimum Needs Programme
1975
- Our Company became a deemed public limited company.
1979
- Central Institute of Rural Electrification set up in Hyderabad.
1980
- Deputed engineers to Algeria to train the Algeria's National Agency for Distribution of Electricity and Gas on rural electrification.
1988
- Launch of Kutir Jyoti and Jal Dhara programmes for rural electrification.
1990
- Awarded the Indira Gandhi Memorial Award for Excellence in Public Sector Undertakings for the year 1989-1990.
1992
- Declared a Public Financial Institution under section 4A of the Companies Act.
1993
- Entered into MOU with the MoP for the first time to achieve certain performance related targets.
1994
- Received rating of excellent and award by the GoI, for the first time, for fulfilling the targets pursuant to the MOU.
1998
- Registered as a NBFC under section 45(IA) of the RBI Act.
1999
- Received 'AAA' rating from CRISIL Limited in relation to our long term domestic borrowings.
2000
- Declared to be among the top ten Public Sector Enterprises by the GoI.
2001
- Capital Gains Tax Benefit under section 54 EC of the IT Act to bonds floated by our Company.
- Upgradatation from Schedule 'B' to Schedule 'A' Corporation.
2002
- Grant of Mini Ratna- I status.
2003
- Did not seek assistance from the budget for finances and became a fully self-reliant organisation.
2005
- Profit before tax, crossed Rs. 10,000 million.
- Paid Rs. 2,345 million as dividend to the GoI.
- Appointed as the nodal agency for RGGVY.
2006
- Received rating of excellent for the year 2005-06 by the GoI for fulfilling the targets of the MOU.
2007
- Received rating of excellent for the year 2006-07 by the GoI for fulfilling the targets of the MOU.
2008
- The initial public offer of Rural Electrification Corporation (REC), a state-run power sector lender, got subscribed 4.67 times at 11:00 IST on last day of its issue today, 22 February 2008.
2009
- Rural Electrification Corporation Ltd has appointed the following two firms of Chartered Accountants as the Joint Statutory Auditors of the Company for the Financial Year 2009-10: Bansal & Co., New Delhi and K G Somani & Co., New Delhi
2010
- Rural Electrification Corporation Ltd. (REC) has inked a Memorandum of Understanding (MoU) with NTPC Tamil Nadu Energy Company Ltd. (NTECL) to fund a power project in North Chennai
2011
- Rural Electrification Corporation Ltd has declared and approved an Interim Dividend at the rate of Rs.3.50 per share on the face value of fully paid-up equity shares of Rs.10/- each for the financial year 2010-11.
- Rs 1300 crore bids invited for laying transmission system in Andhra pradesh
2012
- Rural Electrification Corporation has sought the approval of Reserve Bank of India (RBI) for issuing bonds to raise up to USD 500 million
- Rural Electrification Corporation Ltd has appointed Shri Jyoti Shubhra Amitabh as a Company Secretary with effect from September 03, 2012
2013
- Board recommends Final Dividend of Rs. 1.50/- per share
- REC awarded India Pride Award 2013-14
2014
- Board recommends Final Dividend of Rs. 1.75/- per share.
- REC awarded Dalal Street - PSU Award 2014
- REC awarded India Today - PSUs Awards 2014 for Best HR Practices
- REC Signs MoU with Ministry of Power for the Financial Year 2014-15
2015
- Rural Electrification Corp has signed two separate agreements with Andhra Pradesh Power Generation Corporation Limited and Transmission Corporation of Andhra Pradesh Limited
- Rural Electrification Corporation Ltd - Incorporation of three Project Specific Special Purpose Vehicles (SPVs), as Subsidiary Companies of Rural Electrification Corporation Limited
2016
- Rural Electrification Corporation Ltd has approved the Bonus Equity Shares in the ratio of 1:1 to the existing shareholders of the Company
- REC contributes Rs 25 crore towards Swachh Bharat Kosh
2017
- REC wins the Dainik Bhaskar India Pride Award 2017.
- REC gets nod to incorporate five project specific SPVS as WOS
- SAUBHAGYA Launched in Madhya Pradesh
- REC honored with two Awards at SCOPE Awards on the 8th Public Sector Day Function.
- REC Stall Inaugurated at Intelect 2017
- REC Limited received the first prize for Brand Building through Inclusive Growth Initiatives at the Corporate Communication Excellence Awards 2017 organised by the SCOPE.
2018
- REC launches USD 300 mln dollar-dominated bonds
- Name of the company will be changed from 'Rural Electrification Corporation Limited' to 'REC Limited'
2020
- REC conferred with PSE Excellence Award, 2019 as Runner Up in the Navratna & Maharatna category, for excellence in Corporate Governance.
2021
- Ministry of Corporate Affairs approved the Scheme of Amalgamation of REC Transmission Projects Company Limited with REC Power Distribution Company Limited.
2022
- The Company has issued Bonus Shares in the Ratio of 1:3.
- REC conferred with Golden Peacock Award for Excellence in Corporate Governance for the year 2022.
2023
- REC partners with Punjab National Bank to finance projects in logistics, power, infra sectors.
2024
- REC receives SCOPE Excellence Award for Digitalization.
- REC Ltd and Bank of Baroda join hands to finance Power, Infrastructure and Logistics Projects.
- REC signs MoU with RVNL for financing infrastructure projects worth Rs 35,000 cr
