Rural Electrification Corporation (REC) is currently trading at Rs. 111.65, up by 2.30 points or 2.10% from its previous closing of Rs. 109.35 on the BSE.
The scrip opened at Rs. 110.05 and has touched a high and low of Rs. 112.00 and Rs. 108.85 respectively. So far 282306 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.25 on 09-Jan-2018 and a 52 week low of Rs. 89.10 on 23-Jul-2018.
Last one week high and low of the scrip stood at Rs. 112.00 and Rs. 104.00 respectively. The current market cap of the company is Rs. 21822.84 crore.
The promoters holding in the company stood at 57.99%, while Institutions and Non-Institutions held 31.86% and 10.15% respectively.
Rural Electrification Corporation’s (REC) wholly owned subsidiary -- REC Transmission Projects’ (RECTPCL) entire shareholding in Jawaharpur Firozabad Transmission, comprising of 50,000 equity shares, have been transferred along with all its assets and liabilities on December 21, 2018, to Power Grid Corporation of India, the successful bidder selected through Tariff Based Competitive Bidding Process, for ‘Evacuation of Power from 2x660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at Firozabad along with associated Transmission Lines’.
In terms of the guidelines issued by the Ministry of Power, Government of India, RECTPCL has received a consideration of Rs 4.12 crore.
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.
