Rural Electrification Corporation Limited
REC is a Navratna Central Public Sector Enterprise under Ministry of Power. It is incorporated under the Companies Act, 1956, is listed and has a net worth of Rs. 14,745 Crore as on 31.03.12. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. The company disbursed Rs. 30,593 Crores and had a total income of Rs. 10,457 Crores in FY 2012. The company had a PAT of Rs. 2,817 Crores in FY 2012.