REC rises on receiving nod for incorporation of one project specific SPV

REC Ltd. | Finance Term Lending | BFSI | BSE: 532955 | NSE: RECLTD

11 Aug 2015 Evaluate

REC is currently trading at Rs. 271.85, up by 2.75 points or 1.02% from its previous closing of Rs. 269.10 on the BSE.

The scrip opened at Rs. 270.00 and has touched a high and low of Rs. 274.65 and Rs. 270.00 respectively. So far 1,40,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 371.05 on 04-Mar-2015 and a 52 week low of Rs. 234.00 on 24-Sep-2014.

Last one week high and low of the scrip stood at Rs. 281.85 and Rs. 265.65 respectively. The current market cap of the company is Rs. 26,844.00 crore.

The promoters holding in the company stood at 60.64% while Institutions and Non-Institutions held 33.21% and 6.16% respectively.

Rural Electrification Corporation (REC) has received an approval for incorporation of one project specific Special Purpose Vehicle (SPV), as subsidiary company of REC Transmission Projects Company (RECTPCL) for the transmission scheme namely ‘System Strengthening Scheme in Northern Region (NRSS-XXXVI)’ along with LILO of Sikar- Neemrana 400 kV D/C line at Babai (RRVPNL). The company to be incorporated will also be a subsidiary company of REC in terms of the provisions of the Companies Act, 2013. The board of directors at their meeting held on August 07, 2015 has approved for the same.

The board has also approved the proposal for sale and transfer of 50,000 equity shares of Maheshwaram Transmission (MTL) (existing project specific SPV Company of RECTPCL) to successful bidder i.e. Sterlite Grid 3. The Ministry of Power has also conveyed its approval for the above sale and transfer of 50,000 equity shares of MTL to Sterlite Grid 3. Further, in terms of the Companies Act, 2013, Maheshwaram Transmission is also a subsidiary company of REC.

REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.

REC Share Price

359.35 -0.35 (-0.10%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Power Finance Corp	461.00
REC	359.35
Indian Railway Fin.	106.05
NHIT	160.00
Satin Creditcare	212.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.