Company Profile

REC LTD.

NSE : RECLTDBSE : 532955ISIN CODE : INE020B01018Industry : Finance Term LendingHouse : PSU
BSE88.951.25 (+1.43 % )
PREV CLOSE (Rs.) 87.70
OPEN PRICE (Rs.) 89.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 674186
TODAY'S LOW / HIGH (Rs.)87.10 90.20
52 WK LOW / HIGH (Rs.)79 169.55
NSE89.00 1.4 (+1.6 % )
PREV CLOSE(Rs.) 87.60
OPEN PRICE (Rs.) 88.80
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 89.00 (6073 )
VOLUME 6519764
TODAY'S LOW / HIGH(Rs.) 87.05 90.20
52 WK LOW / HIGH (Rs.)78.75 169.55

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STOCK SUMMARY
Trade Value (Rs. in Lacs) 0.01
Dividend Yield(%) 12.37
TTM EPS (Rs.) 28.90
P/E Ratio 3.08
Book Value (Rs.) 195.02
Face Value (Rs.) 10
MCap (Rs. in Mn) 175668.96
Price/Earning (TTM) 3.07
Price/Sales (TTM) 0.62
Price/Book (MRQ) 0.46
PAT Margin (%) 22.77
ROCE (%) 9.22
Incorporation Year : 1969

Management Info :

Ajeet Kumar Agarwal - Chairman Ajeet Kumar Agarwal - Managing Director

Registered Office :

Address : Core - 4 ,Scope Complex,7 , Lodhi Road,
New Delhi,
Delhi-110003

Phone : 011 2436 5161

Website : www.recindia.com

Registrar's Details : K FIN Technologies Pvt Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B, Plot 31-32,Gachibowli,Financial District,Nanakramguda,Hyderabad
Listing : BSE, NSE, MCX
NEWS More
08Apr04-08-2020$REC to incorporate seven SPVs REC to incorporate seven SPVs
REC has received an approval for incorporation of seven Project Specific Special Purpose Vehicles (SPVs) as Wholly Owned Subsidiaries of REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary of the company, for development of different projects allocated by Ministry of Power, Government of India. The companies to be incorporated will also be wholly owned subsidiary Companies of REC.
 
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.

REC has received an approval for incorporation of seven Project..
08Apr04-08-2020$REC trades higher on the BSE REC trades higher on the BSE

REC is currently trading at Rs. 87.95, up by 1.00 points or 1.15% from its previous closing of Rs. 86.95 on the BSE.

The scrip opened at Rs. 88.00 and has touched a high and low of Rs. 91.60 and Rs. 86.10 respectively. So far 390241 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.55 on 04-Jul-2019 and a 52 week low of Rs. 79.00 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 91.60 and Rs. 84.60 respectively. The current market cap of the company is Rs. 17162.04 crore.

The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 39.72% and 7.64% respectively.

REC has received an approval for incorporation of seven Project Specific Special Purpose Vehicles (SPVs) as Wholly Owned Subsidiaries of REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary of the company, for development of different projects allocated by Ministry of Power, Government of India. The companies to be incorporated will also be wholly owned subsidiary Companies of REC.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.

REC is currently trading at Rs. 87.95, up by 1.00 points or 1.1..
26Mar03-26-2020$REC’s board approves borrowing of 94,000 crore in FY20 REC’s board approves borro

REC’s board has approved upward revision in Market Borrowing Programme for FY 2019-20 from Rs 90,000 crore to Rs 94,000 crore (i.e. increase of Rs. 4,000 crore in raising funds through Domestic Bonds/Debentures, Rupee Term Loan, ECBs and Capital Gain Tax Exemption Bonds, to be raised during the balance period of the current financial year i.e. FY 2019-20) and also approved a Rs 1.10 lakh crore market borrowing by the company during the next financial year 2020-21.

The company’s board has also approved the launch of Capital Gains Tax Exemption Bonds (Series XIV) under Section 54EC of the Income Tax Act, 1961 for raising of funds on private placement basis for an amount of Rs 2,500 crore with green shoe option to retain over subscription. The said Issue will open on April 1, 2020 and close on March 31, 2021. However, the company would have a right to pre-close the issue or extend the same at any time.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.

REC’s board has approved upward revision in Market Borrowing..
26Mar03-26-2020$NTPC, REC and Zensar Technologies to see some action today NTPC, REC and Zensar Technol

NTPC has added the 2nd Unit of 660 MW of Khargone Super Thermal Power Project to installed capacity. With this, the total installed capacity of Khargone Super Thermal Power Project, NTPC and NTPC group has become 1320 MW, 50355 MW and 58816 MW respectively.

REC’s board approved upward revision in Market Borrowing Programme for FY 2019-20 from Rs 90,000 crore to Rs 94,000 crore (i.e. increase of Rs. 4,000 crore in raising funds through Domestic Bonds/Debentures, Rupee Term Loan, ECBs and Capital Gain Tax Exemption Bonds, to be raised during the balance period of the current financial year i.e. FY 2019-20) and also approved a Rs 1.10 lakh crore market borrowing by the company during the next financial year 2020-21.

Zensar Technologies has been promoted to a PartnerConnect Consulting Advantage partner. The PartnerConnect Consulting partner program includes three relationship tiers: Select, Advantage, and Global Premier. The tiers are designed to recognize partners based on achievements and contributions such as insurance industry expertise, the number of Guidewire certified employees and, as of 2019, the achievement of specializations for Consulting partners.

Kabra Extrusiontechnik has commenced commercial production at its new manufacturing unit at Chakan, Pune and launched a new product in India under the Brand Name ‘Battrixx’. The name of the product is Lithium-ion Battery Packs with Battery Management System.    

To help people and businesses affected by coronavirus outbreak, Indian Bank and Union Bank of India have launched special emergency loan products like personal loans and soft loan for members of Self Help Groups. Besides, the bank has taken steps to ensure the safety of its staff and uninterrupted banking services to customers.

In an endeavour to support the Government of India, InterGlobe Aviation (IndiGo) has offered its resources, aircraft and crew to assist the nation in the worldwide battle against coronavirus. The airline has expressed support to contribute in the ferry supply of medicine, equipment, and relief samples from one part of the country to another.  

Linde India has received an approval from the Board to enter into a joint venture (JV) with Praxair India, with both Linde India and Praxair India holding 50% of the total issued and paid up share capital of the Joint Venture Company  which will provide Operation and Management (O&M) Services to both Linde India and Praxair India.


NTPC has added the 2nd Unit of 660 MW of Khargone Super Thermal..
17Mar03-17-2020$ Confirmation About Reason For Resignation Of Dr. B K Karad In Terms Of Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015. Confirmation About Reason F
This is in furtherance of our letter dated March 13, 2020 intimating about the resignation of Dr. Bhagvat Kisanrao Karad (DIN: 000998839) as Part Time Non Official Independent Director from the Board of REC Limited, due to personal reasons. In this regard, in terms of Regulation 30 read with Clause 7B of Part A of Schedule III of SEBI (LODR) Regulations, 2015, Dr. Karad vide letter dated March 16, 2020 (enclosed herewith) has confirmed that there are no other material reasons for tendering his resignation other than those mentioned above.
This is in furtherance of our letter dated March 13, 2020 intim..
Financials More
Rs. in Millions
QTR Dec 19 ANNUAL 19
Net Profit16423.557637.2
Gross Profit 23432.8 81005
Operating Profit 71135.2237492.1
Net Sales 76507.6253097.2
ROLLING FORWARD P/E (EOD)
EVENT CALENDAR
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Shareholding Pattern More
MUTUAL FUNDS/UTI 7.75 %
NON-INSTITUTION 7.64 %
PROMOTERS 52.63 %
FI/BANKS/INSURANCE 3.19 %
GOVERNMENT 0 %
FII 0 %
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