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REC’s arm incorporates wholly owned subsidiary

21 Sep 2023 Evaluate

REC’s wholly owned subsidiary -- REC Power Development & Consultancy has incorporated a Wholly Owned Subsidiary (WOS) in the name of Kallam Transco. The said company is also subsidiary company of REC, in terms of the provisions of Section 2(87) of the Companies Act, 2013.

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


Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
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