Rural Electrification Corporation is currently trading at Rs 216.15, up by 0.70 points or 0.32% from its previous closing of Rs 215.45 on the BSE.
The scrip opened at Rs 215.35 and has touched a high and low of Rs 218.60 and Rs 215.35 respectively. So far 48707 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 267.50 on 04-Jan-2013 and a 52 week low of Rs 142.00 on 07-Jun-2012.
Last one week high and low of the scrip stood at Rs 241.60 and Rs 214.70 respectively. The current market cap of the company is Rs 21274.80 crore.
The promoters holding in the company stood at 66.80% while Institutions and Non-Institutions held 27.29% and 5.92% respectively.
Rural Electrification Corporation (REC) has inked a loan agreement for $250 million amounting approximately Rs 1,350 crore with State Bank of India’s Hong Kong branch for lending to the infrastructure sector. The company has signed external commercial borrowing (ECB) agreement on March 11, 2013 at Hong Kong.
The loan carries a floating rate of interest linked to 6 -month LIBOR and has a door-to-door maturity of three years. Libor is the interest rate top-quality banks charge each other for loans. With this, REC during the financial year 2012-13 has fully utilized ECB equivalent to $750 million, sanctioned by the Reserve Bank of India under the approval route.
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.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 464.85 |
| REC | 373.35 |
| Indian Railway Fin. | 104.85 |
| NHIT | 151.00 |
| Satin Creditcare | 174.75 |
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