REC Limited Joins Coveted 'Maharatna' Club
On 21st September, 2022, REC Ltd was accorded the status of a ‘Maharatna’ Central Public Sector Enterprise (CPSE).
- It is the 12th company to be given the Maharatna Status.
About REC
- Incorporated in 1969, REC Limited, formerly Rural Electrification Corporation Limited, is a public Infrastructure Finance Company in India’s power sector.
- It comes under the purview of the Ministry of Power.
- REC was declared as Public Financial Institution under Section 4A of the Companies Act, 1956 on February 11, 1992 and registered as Non-Banking Financial Company under Section 45-IA of the RBI Act 1934 from February 10, 1998.
- It was granted Miniratna Grade-I ....
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