Rural Electrification Corporation Limited (REC) is a government-owned public sector enterprise headquartered in New Delhi, India. The company was established in 1969 with the aim of providing financial assistance to rural electrification projects across the country.
REC is a leading player in the power sector and has been instrumental in the electrification of rural areas in India. The company provides financial assistance to state electricity boards, power utilities, rural electric cooperatives, and private power companies for the development of power infrastructure in rural areas.
REC offers a range of financial products and services, including term loans, working capital loans, and project financing. The company also provides technical assistance and consultancy services to its clients.
REC has a strong presence in the Indian power sector and has been recognized for its contribution to rural electrification. The company has won several awards and accolades for its work, including the National Award for Excellence in Cost Management and the Golden Peacock Award for Corporate Social Responsibility.
Overall, Rural Electrification Corporation Limited is a key player in the Indian power sector, with a focus on rural electrification and sustainable development.