Introduction to REC Limited

REC Limited, formerly known as Rural Electrification Corporation Limited, is a Navratna company under the Ministry of Power, Government of India. Established in 1969, the company primarily finances and promotes power sector projects across various segments including generation, transmission, and distribution.

IPO Launch Details

REC Limited launched its Initial Public Offering (IPO) on February 19, 2008. The IPO was priced at Rs. 124 to Rs. 105 per share.

Current Share Price

As of the latest available data, the current share price of REC Limited stands at approximately Rs. 120. Please note that share prices are subject to market fluctuations and it is recommended to check the latest price on a reliable stock market platform.

Product Offerings

REC Limited offers a diverse range of financial products aimed at meeting the needs of the power sector. These include:

• Term Loans: Financial products to support generation, transmission, and distribution projects.
• Short-Term Loans: Loans tailored for immediate financial requirements.
• Equipment Leasing: Provision for leasing power equipment.
• Consultancy Services: Advisory services for planning and executing power sector projects.

Financial Overview

REC Limited has a robust financial portfolio. For the fiscal year 2022-2023, the company reported:

• Total Revenue: Rs. 36,000 crores (approx.)
• Net Profit: Rs. 8,300 crores (approx.)
• Total Assets: Rs. 3,80,000 crores (approx.)
• Net Worth: Rs. 55,000 crores (approx.)

Investment Growth Over 5 Years

Assuming you had invested Rs. 10,000 in REC Limited shares exactly 5 years ago, let’s calculate the current value of your investment:

• Share Price (5 years ago): Approximately Rs. 95
• Number of Shares Purchased: 10,000 / 95 ≈ 105 shares
• Current Share Price: Rs. 120
• Current Value of Investment: 105 shares * 120 ≈ Rs. 12,600

Therefore, your investment of Rs. 10,000 would have grown to approximately Rs. 12,600 over the last 5 years, providing a substantial return.