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आरईसी > कंपनी इतिहास > Finance - Term Lending Institutions > कंपनी इतिहास का आरईसी - बीएसई: 532955, NSE: RECLTD

आरईसी

बीएसई: 532955  |  NSE: RECLTD  |  ISIN: INE020B01018  |  Finance - Term Lending Institutions

कंपनी इतिहास - आरईसी
Our Company was incorporated on July 25, 1969  under the Companies Act
 as a private limited company under the name of 'Rural Electrification
 Corporation  Private Limited' with the main objective of financing
 rural  electrification schemes in the country. The word private was
 deleted from the name of our Company on June 3, 1970.  Our Company
 became a deemed public limited company w.e.f. July 1, 1975. The RoC
 on July 18, 2003 issued a  fresh certificate of incorporation
 consequent upon change  of name on conversion to a public limited
 company and our  name was changed to our present name, Rural
 Electrification
 Corporation Limited. Major events
 
 Our Company was declared a Public Financial Institution  under
 section 4A of the Companies Act in 1992. We are also registered with
 the RBI as a NBFC w.e.f. February 10, 1998.
 
 1969 
 Incorporation of our Company.
 
 1970 
 Commenced lending operations to SEBs.
 
 1974 
 Authorised by the Ministry of Irrigation and Power  to finance rural
 electrification under the 'Minimum Needs  Programme
 
 1979
  Central Institute of Rural Electrification set  up in Hyderabad.
 
 1980
  Deputed engineers to Algeria to train the Algeria's National Agency
 for Distribution of Electricity and Gas on rural electrification.
 
 1988
  Launch of Kutir Jyoti and Jal Dhara programmes for  rural
 electrification.
 
 1990
  Awarded the Indira Gandhi Memorial Award for  Excellence in Public
 Sector Undertakings for the year 1989-1990.
 
 1992
  Declared a Public Financial Institution under section 4A of the
 Companies Act.
 
 1993
  Entered into MOU with the MoP for the first time  to achieve certain
 performance related targets.
 
 1994
  Received rating of excellent and award by the GoI,  for the first
 time, for fulfilling the targets pursuant to the MOU.
 
 1998
  Registered as a NBFC under section 45(IA) of the  RBI Act.
 
 1999
  Received 'AAA' rating from CRISIL Limited in relation  to our long
 term domestic borrowings.
 
 2000
 Declared to be among the top ten Public Sector  Enterprises by the
 GoI.
 
 2001
 Capital Gains Tax Benefit under section 54 EC of  the IT Act to bonds
 floated by our Company. Upgradatation from Schedule 'B' to Schedule
 'A' Corporation.
 
 2002 
 Grant of Mini Ratna- I status.
 
 2003 
 Did not seek assistance from the budget for finances  and became a
 fully self- reliant organisation.
 
 2005
 Profit before tax, crossed Rs. 10,000 million. Paid Rs. 2,345 million
 as dividend to the GoI.
 Appointed as the nodal agency for RGGVY. 
 
 2006 
 Received rating of excellent for the year 2005-06 by the GoI for
 fulfilling the targets of the MOU.
  
 2007
 Received rating of excellent for the year 2006-07 by the GoI for
 fulfilling the targets of the MOU.
 
 
 2008
 
 -The initial public offer of Rural Electrification Corporation (REC),
 a state-run power sector lender, got subscribed 4.67 times at 11:00
 IST on last day of its issue today, 22 February 2008. The price band
 for the IPO is Rs 90 to Rs 105. The book building process, which
 opened on February 19, is scheduled to close on February 22. The
 issue would constitute about 18.18% of the fully diluted post-issue
 capital of REC. It is looking to raise about Rs 16.40 billion through
 sale of 156 million equity shares in a price band of Rs 90-105 in the
 IPO.
 
 2009
 
 - Rural Electrification Corporation Ltd has appointed the following
 two firms of Chartered Accountants as the Joint Statutory Auditors of
 the Company for the Financial Year 2009-10:
 1. Bansal & Co., New Delhi
 2. K G Somani & Co., New Delhi
 
 2010
 
 - In order to fund a power project in North Chennai, Rural
 Electrification Corporation Ltd. (REC) has inked a Memorandum of
 Understanding (MoU) with NTPC Tamil Nadu Energy Company Ltd. (NTECL)
 
 2011
 
 - Rural Electrification Corporation Ltd has declared and approved an
 Interim Dividend at the rate of Rs.3.50  per share on the face value
 of fully paid-up equity shares of Rs.10/- each for the financial year
 2010-11.
 
 - Rs 1300 crore bids invited for laying transmission system in Andhra
 pradesh
 
 2012
 
 - Rural Electrification Corporation has sought the approval of
 Reserve Bank of India (RBI) for issuing bonds to raise up to USD 500
 million
 
 -  Rural Electrification Corporation Ltd has appointed Shri Jyoti
 Shubhra Amitabh as a Company Secretary  with effect from September
 03, 2012 Shri Jyoti Shubhra Amitabh is holding 121 equity shares in
 the Company as on September 03, 2012.
 
 2013
 
 -Board recommends Final Dividend of Rs. 1.50/- per share
 
 -REC awarded India Pride Award 2013-14	
 
 2014
 -Board recommends Final Dividend of Rs. 1.75/- per share.
 -REC awarded Dalal Street - PSU Award 2014	
 -REC awarded India Today - PSUs Awards 2014 for Best HR Practices	
 -REC Signs MoU with Ministry of Power for the Financial Year
 2014-15	
 
 2015
 -Rural Electrification Corp has has signed two separate agreements
 with Andhra Pradesh Power Generation Corporation Limited and
 Transmission Corporation of Andhra Pradesh Limited
 -Rural Electrification Corporation Ltd - Incorporation of three
 Project Specific Special Purpose Vehicles (SPVs), as Subsidiary
 Companies of Rural Electrification Corporation Limited
 
 2016
 -Rural Electrification Corporation Ltd has approved the Bonus Equity
 Shares in the ratio of 1:1 (i.e. One Bonus equity share of Rs. 10/-
 each for every equity share of Rs. 10/- each) to the existing
 shareholders of the Company
 -REC contributes Rs 25 crore towards Swachh Bharat Kosh
 
 2017
 -REC wins the Dainik Bhaskar India Pride Award 2017.
 -REC gets nod to incorporate five project specific SPVS as WOS
 -SAUBHAGYA Launched in Madhya Pradesh
 -REC honored with two Awards at SCOPE Awards on the 8th Public Sector
 Day Function.
 -REC Stall Inaugurated at Intelect 2017
 -REC Limited received the first prize for Brand Building through
 Inclusive Growth Initiatives at the Corporate Communication
 Excellence Awards 2017 organised by the SCOPE.
 
स्रोत: रेलीगरे टेचनोवा

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