Analysing REC Ltd. with Sonam Shrivastava
Created on 21 Feb 2023
Wraps up in 10 Min
Read by 118 people
Updated on 28 Feb 2023
For over five decades, the Rural Electrification Corporation (REC) has been a vital force in India's electrification journey. Established in 1969 to support rural development through electrification, REC has made significant strides in the power sector. It set up a national training institute in 1979, became a Public Financial Company in 1992, and received Mini Ratna status in 2002. The company's achievements culminated in 2008 when it was listed on the stock exchange, with a 27 times subscription rate reflecting investor confidence.
REC's hard work and dedication didn't go unnoticed, and in the same year, it was elevated to a Navratna status, a title given to the nine best performing PSUs. REC's unwavering commitment to the power sector continued, and in 2019, it was divested when Power Finance Corporation acquired 52.63% of its shareholding.
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