| dbo:abstract
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- REC Limited, formerly Rural Electrification Corporation Limited is a subsidiary of Power Finance Corporation Limited (PFC) which in turn is under the ownership of the Ministry of Power, Government of India. It finances and promotes power projects across India. The PSU provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 20 March 2019, PFC signed the agreement to acquire a 52.63% controlling stake in REC for ₹14,500 crore (US$1.8 billion). On 28 March, PFC announced that it had completed making the payment for the acquisition and intended to merge REC with itself in 2020. (en)
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| dbo:formerName
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- Rural Electrification Corporation Limited (en)
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| dbo:foundingDate
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| dbo:foundingYear
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| dbo:headquarter
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| dbo:locationCity
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| dbo:numberOfEmployees
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- 487 (xsd:nonNegativeInteger)
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| dbo:originalName
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| dbo:owner
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| dbo:owningCompany
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| dbo:thumbnail
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| dbo:type
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| dbo:wikiPageExternalLink
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| dbo:wikiPageID
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| dbo:wikiPageLength
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- 16202 (xsd:nonNegativeInteger)
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| dbo:wikiPageRevisionID
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| dbo:wikiPageWikiLink
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| dbp:areaServed
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| dbp:date
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| dbp:formerName
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- Rural Electrification Corporation Limited (en)
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| dbp:founded
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- 1969-07-25 (xsd:date)
- New Delhi, Delhi, India (en)
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| dbp:hqLocation
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- Core-4, SCOPE Complex, 7, Lodhi Road (en)
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| dbp:hqLocationCity
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| dbp:hqLocationCountry
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| dbp:imageAlt
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| dbp:imageCaption
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- REC corporate office on Lodhi Road, New Delhi. (en)
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| dbp:imageSize
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| dbp:industry
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- Infrastructure finance (en)
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| dbp:keyPeople
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- Vivek Kumar Dewangan (en)
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| dbp:logo
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| dbp:logoAlt
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| dbp:logoSize
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| dbp:name
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| dbp:nativeName
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| dbp:nativeNameLang
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| dbp:numEmployees
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| dbp:owner
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| dbp:type
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- Subsidiary of Power Finance Corporation Limited (en)
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| dbp:url
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| dbp:website
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| dbp:wikiPageUsesTemplate
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| dcterms:subject
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| rdf:type
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| rdfs:comment
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- REC Limited, formerly Rural Electrification Corporation Limited is a subsidiary of Power Finance Corporation Limited (PFC) which in turn is under the ownership of the Ministry of Power, Government of India. It finances and promotes power projects across India. The PSU provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 20 March 2019, PFC signed the agreement to acquire a 52.63% controlling stake in REC for ₹14,500 crore (US$1.8 billion). On 28 March, PFC announced that it had completed making the payment for the acquisition and intended to merge REC with itself in 2020. (en)
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| prov:wasDerivedFrom
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| foaf:depiction
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| foaf:homepage
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| foaf:isPrimaryTopicOf
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| foaf:name
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| is dbo:subsidiary
of | |
| is dbo:wikiPageDisambiguates
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| is dbo:wikiPageRedirects
of | |
| is dbo:wikiPageWikiLink
of | |
| is dbp:subsid
of | |
| is foaf:primaryTopic
of | |
