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Last 237.10 INR
Change Today -15.70 / -6.21%
Volume 2.8M
RECL On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

rural electrification corp (RECL) Snapshot

Open
250.55
Previous Close
252.80
Day High
252.95
Day Low
235.15
52 Week High
03/4/15 - 371.75
52 Week Low
08/25/15 - 211.20
Market Cap
234.1B
Average Volume 10 Days
3.2M
EPS TTM
54.12
Shares Outstanding
987.5M
EX-Date
09/9/15
P/E TM
4.4x
Dividend
10.70
Dividend Yield
4.11%
Current Stock Chart for RURAL ELECTRIFICATION CORP (RECL)

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rural electrification corp (RECL) Details

Rural Electrification Corporation Limited, a public financial institution, provides finance assistance for rural electrification projects in India. It offers finance for intensive electrification projects; pump set projects; the improvement of transmission, sub transmission, and distribution systems; the procurement and installation of meters, transformers, capacitors, etc.; and for various working capital requirements, such as the purchase of fuel for power plant, as well as for the purchase of power, material and minor equipment, and system and network maintenance, including transformer repairs, etc. The company also provides debt refinancing for state power utilities/private power utilities by repaying their term loans raised from other banks/financial institutions; short term/medium term loans to the manufacturers of power/electrical material for power projects; finance for the development of rural electric cooperative societies; and term loans to state/central sector/private sector companies for power generation projects. It serves state electricity boards, state power utilities/state power departments, and private sector for various segments of power infrastructure. The company was incorporated in 1969 and is based in New Delhi, India.

678 Employees
Last Reported Date: 08/26/13
Founded in 1969

rural electrification corp (RECL) Top Compensated Officers

Chairman, Managing Director, Chairman of Loan...
Total Annual Compensation: 5.0M
Director of Finance, Executive Director, Chai...
Total Annual Compensation: 4.1M
Compensation as of Fiscal Year 2014.

rural electrification corp (RECL) Key Developments

Rural Electrification Corporation to Raise Funds Through Issuance of Bonds or Debentures on Private Placement Basis

Rural Electrification Corporation will raise funds through issuance of bonds or debentures on private placement basis. The company has sought shareholders' approval to raise INR 420,000 million through issuance of bonds or debentures on private placement basis in its annual general meeting to be held on September 16, 2015.

Rural Electrification Corporation Limited Recommends Final Dividend for the Year 2014-2015, Payable on October 07, 2015

Rural Electrification Corporation has informed that the register of members & share transfer books of the company will remain closed from September 11, 2015 to September 16, 2015 for the purpose of payment of final dividend & 46th annual general meeting (AGM) of the company to be held on September 16, 2015. The final dividend at the rate of INR 2.70 per equity share for the financial year 2014-2015, as recommended by the board of directors in its meeting held on May 28, 2015 and subject to the provisions of Section 123 of the Companies Act, 2013, if approved by the Members at 46th annual general meeting of the company, will be paid on October 07, 2015.

Rural Electrification Corporation Limited Announces Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2015

Rural Electrification Corporation Limited announced unaudited standalone earnings results for the first quarter ended June 30, 2015. For the quarter, on standalone basis, the company reported total income from operations of INR 56,628.9 million against INR 46,671.3 million a year ago. Profit from operations before other income and exceptional items were INR 20,774.8 million against INR 17,353.1 million a year ago. Profit from ordinary activities before tax was INR 21,242.2 million against INR 17,748.8 million a year ago. Net profit for the period was INR 14,785.8 million against INR 12,827.9 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 14.97 against INR 12.99 a year ago.

 

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RECL

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Valuation RECL Industry Range
Price/Earnings 3.6x
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Price/Cash Flow 3.6x
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