What will be the target of this company in the near future? (say 6 months) What might be the target of the company in 2 years time?
Rural Electrical Corporation, REC is one of Indias leading Power Infrastructure company, which finances, promotes and helps in distribution of power projects .Rural Electrification Corporation has been awarded Mini Ratna Grade-1 status and the President of India currently holds 100 per cent paid up capital in the company through Ministry of Power and post IPO the share will come down to just over 81 per cent. R
Rural Electrification Corporation IPO is backed up by good financials of the company, for the FY07 the company has reported sales over Rs.2652 crore with Profit after tax standing at over Rs. 684 crore.
Project Household Electrification P:RHhE Accelerated Electrification of one Lakh villages and one crore households
Project Village Electrification: P:VE (SG)# Aims at Electrification of unelectrified villages in a selected designated area