Commercial Credit Report for REC Limited (Parent)

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REC Limited (Parent)

Core- 4, SCOPE Complex, 7, Lodhi Road

Phone: +91 1244441300p:+91 1244441300

GURGAON, 122001 India

Fax: +91 1124362039f:+91 1124362039

This is a Subsidiary, click here for the Parent Company

Business Summary

REC Limited is an India-based infrastructure finance company. The Company's products are interest-bearing loans to state electricity boards, state power utilities/state power departments and private sector for all segments of power infrastructure. It operates in one business segment which is lending to power, logistic and infrastructure sector. Its financial products include long-term loan, medium term loan, short-term loan, debt refinancing, equity financing, financing of equipment manufacturing for power sector, financing of coal mines, policy for funding against regulatory assets (excluding return on equity component) of power utilities and revolving bill payment facility. Its debt refinancing policy is applicable for extending term loan for refinancing existing project term loan of all types of commissioned project in power sector, including renewable energy projects, of government and private sector borrowers. It acts as a nodal agency for the Government of India's schemes.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	-	-	-	Yes	Yes	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
6/30/2023	3/31/2023	Yes	-	-	-	-

Industries

SIC Code	Description
6159	Miscellaneous business credit institutions

Officers and Directors

Title	Name	Age	Title Date	Start Date
Chairman of the Board, Managing Director	Vivek K.Dewangan	55	5/17/2022	5/17/2022
Executive Director - Finance, Chief Risk Officer	MalathiSundararajan		1/1/2023
Executive Director, Director - Finance	AjoyChoudhary		6/1/2020	6/1/2020
12 additional Officers and Directors records available in full report.

General Information

Outstanding Shares:	2,633,224,000	(As of 3/31/2023)
Fax Number:	+91 1124362039

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