Rural Electrification Corporation Limited (REC), was comprised on July 25, 1969 under the Companies Act 1956. REC is a listed Government of India Public Sector endeavor with a net worth of Rs. 5368 Crore. Its main accusative is to business and encourages rural development projects all over the country. It provides financial aid to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural development projects as are sponsored by them. REC provides loan assisto SEBs/State Power Utilities for investments in rural development schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.
I know everyone is thirstily waiting for REC IPO allocation status because where all IPOs were being withdrawn or being signed slightly, REC was signed almost 27.76 times total and 7.67 times in retail section. The people, who have applied for 4 lots, are certainly gone into lottery system for IPO allotment in this IPO. As we cited before also, we applied for 8 lots, so we are nearly sure to get at least 1 lot but it makes sense till we wait and see it in the IPO allotment status.
Rural Electrification Corporation Limited
SCOPE Complex, 7,
New Delhi 110 003,
Phone : 011 2436 5161.
Fax : 011 2436 0644.
Email : email@example.com
Website : www.recindia.nic.in