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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 New Maritime Digital Initiatives: Powering Maritime Efficiency
- 2 Financial Stability Report
- 3 SEBI Tightens Timelines for Rebalancing Mutual Fund Portfolios
- 4 RBI Relaxes PSL Norms for Small Finance Banks
- 5 Viksit Krishi Sankalp Abhiyan
- 6 Rapid Expansion of India's Startup Ecosystem
- 7 RBI Introduces STRIPS in State Government Securities
- 8 Sagarmala Finance Corporation Limited: India’s First Maritime NBFC
- 9 Statistical Report on Agriculture and Allied Sectors
- 10 India’s First International Agri Hackathon
