Analysing REC Ltd. with Sonam Shrivastava
Created on 21 Feb 2023
Wraps up in 10 Min
Read by 124 people
Updated on 28 Feb 2023
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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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