REC

About

REC is an infrastructure finance company that operates in financing projects in the complete power sector value chain.

New Delhi,Delhi,India
1001 - 5000
https://www.recindia.nic.in

Highlights

Details

Last Funding Type: Post-IPO Debt
Last Funding Money Raised: ₹87.81M
Industries: Energy,Financial Services,Infrastructure,Project Management
Founded date: Jan 1, 1969
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: nbo:RECLTD
Legal Name: REC Limited
Also Known As: Rural Electrification Corporation

REC is an infrastructure finance company that operates in financing projects in the complete power sector value chain. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities through its extensive network of offices across the country.

REC was founded on 1969 and is headquartered in New Delhi, India.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

₹87.81M

REC has raised a total of ₹87.81M in funding over 2 rounds. Their latest funding was raised on Jan 14, 2022 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jan 14, 2022	Post-IPO Debt	₹87.81M	7	—	—	Detail
Mar 31, 2014	IPO	—	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

—

7

REC is funded by 7 investors. Bank of Baroda and Axis Bank are the most recent investors.

Investor Name	Lead Investor	Funding Round
Bank of Baroda	—	Post-IPO Debt
Axis Bank	—	Post-IPO Debt
Bank of India	—	Post-IPO Debt
Canara Bank	—	Post-IPO Debt
DBS Bank	—	Post-IPO Debt
MUFG Bank	—	Post-IPO Debt
Sumitomo Mitsui Banking Corporation	—	Post-IPO Debt