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Last 289.05 INR
Change Today -8.35 / -2.81%
Volume 2.6M
As of 7:06 AM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

rural electrification corp (RECL) Snapshot

Open
297.40
Previous Close
297.40
Day High
298.00
Day Low
287.40
52 Week High
07/7/14 - 383.40
52 Week Low
09/24/14 - 233.10
Market Cap
285.4B
Average Volume 10 Days
2.1M
EPS TTM
54.12
Shares Outstanding
987.5M
EX-Date
--
P/E TM
5.3x
Dividend
10.70
Dividend Yield
3.37%
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 government departments, and rural electric cooperatives. 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 Limited Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015 and Consolidated Earnings Results for the Full Year Ended March 31, 2015

Rural Electrification Corporation Limited announced audited standalone earnings results for the fourth quarter and full year ended March 31, 2015 and consolidated earnings results for the full year ended March 31, 2015. For the quarter, on standalone basis, the company reported total income from operations of INR 53,334 million against INR 44,425.1 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 16,216.8 million compared to INR 16,000.7 million a year ago. Profit from ordinary activities before tax was INR 16,590.4 million against INR 16,475.6 million a year ago. Net profit for the period was INR 10,965 million against INR 11,916.4 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 11.10 against INR 12.07 a year ago. For the full year, on standalone basis, the company reported total income from operations of INR 202,295.3 million against INR 168,063.9 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 72,685.2 million compared to INR 64,283 million a year ago. Profit from ordinary activities before tax was INR 74,270.4 million against INR 65,311.2 million a year ago. Net profit for the period was INR 52,598.7 million against INR 46,837 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 53.27 against INR 47.43 a year ago. For the full year, on consolidated basis, the company reported total income from operations of INR 203,839.6 million against INR 171,222.1 million a year ago. Profit from operations before other income finance cost and exceptional items was INR 73,864.4 million compared to INR 65,099.8 million a year ago. Profit from ordinary activities before tax was INR 75,523.4 million against INR 66,167.1 million a year ago. Net profit for the period was INR 53,444.2 million against INR 47,412.5 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 54.12 against INR 48.01 a year ago.

Rural Electrification Corporation Ltd Recommends Final Dividend for the Financial Year 2014-15

Rural Electrification Corporation Ltd. announced that the Board of Directors of the company at its meeting held on May 28, 2015, recommended the final dividend of INR 2.70 per share (on the face value of INR 10/- each) for the financial year 2014-15, subject To Approve the Shareholders in the ensuing Annual General Meeting. The final dividend of INR 2.70 per share, if declared at the ensuing Annual General Meeting (AGM), would be paid to the Shareholders within 30 days from the date of AGM.

Rural Electrification Corporation Limited, Board Meeting, May 28, 2015

Rural Electrification Corporation Limited, Board Meeting, May 28, 2015. Agenda: To consider and approve audited consolidated and standalone financial results for the financial year ended March 31, 2015; and to recommend final dividend, if any, to the equity shareholders of the company for the financial year 2014-2015.

 

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