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Rural Electrification Corporation (REC), was incorporated on July 25, 1969 under
the Companies Act 1956. REC is a wholly owned Government of India Public Sector
Enterprise with a net worth of Rs. 20669 Crore as on 31-03-2014. Its main
objective is to finance and promote rural electrification projects all over the
country besides providing assistance for generation projects, transmission and distribution
projects. It provides financial assistance to State Electricity Boards, State Government
Departments and Rural Electric Cooperatives for rural electrification projects as
are sponsored by them.
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