Rural Electrification Corporation Ltd

Rural Electrification Corporation To Hold Board Meeting On 28 May 2013 The board meeting of Rural Electrification Corporation will be held on 28 May 2013, to consider the annual audited financial results and recommend dividend for the financial year ended 31 March 2013.

Rural Electrification Corporation to consider audited financial results Board meeting on 18 March 2013 The board meeting of Rural Electrification Corporation will be held on 18 March 2013 to consider the audited financial results (standalone/ consolidated) of the company for the half year ended 30 September 2012.

REC`s subsidiary incorporates four project specific purpose vehicles Rural Electrification Corporation has announced that REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary of the company has been appointed as bid process coordinator (BPC) for the following transmission projects: Baira Siul HEP - Sarna 220kV line, ATS of Unchahar TPS, Transmission System for connectivity for NCC Power Projects (1320 MW) and Transmission System required for evacuation of power from Kudgi TPS (3X800 MW in Phase-I) of NTPC. Accordingly, following four project specific special purpose vehicles (SPVs) have been incorporated as subsidiaries of RECTPCL. Kudgi Transmission has been incorporated to carry on the project of transmission system required for evacuation of power from Kudgi TPS (3X800 MW in Phase-I) of NTPC. The date of incorporation is 27 November 2012 and the date of certificate of commencement of business is 11 January 2013 while Nellore Transmission has been incorporated to carry on the project of transmission system for connectivity for NCC Power Projects (1320 MW). The date of incorporation is 04 December 2012 and date of certificate of commencement of business is 06 February 2013. Further, Unchahar Transmission has been incorporated to carry on the project for ATS of Unchahar TPS. The date of incorporation is 17 December 2012 and date of certificate of commencement of business is 15 February 2013 while Baira Siul Sarna Transmission has been incorporated to carry on the project for Baira Siul HEP - Sarna 220 kV line. The date of incorporation is 24 January 2013 and date of certificate of commencement of business is under process. The company made this announcement after the trading hours on 15 February 2013.

Rural Electrification Corporation files prospectus tranche-2 Rural Electrification Corporation has announced that the company has filed Prospectus Tranche-2 in respect of public issue of tax free secured redeemable non-convertible bonds aggregating to Rs 100 crore with an option to retain over subscription for an amount up to residual limit shelf limit of Rs 2482.65 crore, in the nature of debentures, during the financial year 2012-13, with the registrar of companies (RoC), NCT of Delhi and Haryana on 14 February 2013. Further, Tranche-2 of public issue of tax free secured redeemable non- convertible bonds, in the nature of debentures of REC will open on 25 February 2013 for subscription and is scheduled to close on 15 March 2013.

Rural Electrification Corporation declares interim dividend Of Rs 6.75 per share The board of Rural Electrification Corporation in its meeting on 04 February 2013 has declared interim dividend at the rate of Rs 6.75 per share on the face value of the fully paid-up equity shares of Rs 10 each for the financial year 2012-13.

Rural Electrification Corporation to consider interim dividend Board meeting on 04 February 2013 The board meeting of Rural Electrification Corporation will be held on 04 February 2013 to consider and approve un-audited financial results of the company for the third quarter/ nine months ended 31 December 2012 and to consider a proposal relating to declaration of interim dividend, if any, for the financial year 2012-13.

Rural Electrification Corporation to set up four project specific SPVs Rural Electrification Corporation (REC) will be setting up four projects specific special purpose vehicles (SPVs) as a subsidiary company. For this, the Ministry of Power, Government of India, has appointed REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary company of REC as bid process coordinator (BPC) for the transmission following transmission projects: Baira Siul HEP - Sarna 220kV line, ATS of Unchahar TPS, Transmission System for connectivity for NCC Power Projects (1320 MW) and Transmission System required for evacuation of power from Kudgi TPS (3X800 MW in Phase-I) of NTPC. In this regard, the board of REC in its meeting on 02 November 2012 has approved the approval for incorporation of these four project specific SPVs as subsidiary companies of RECTPCL, which will also be subsidiaries of the company in terms of the provisions of the Companies Act, 1956. Subsequently, these SPVs would be transferred to the respective successful bidders to be selected through tariff based competitive bidding process as transmission service provider for developing above transmission projects.

Rural Electrification Corporation to announce Q2 results Board meeting on 02 November 2012 The board meeting of Rural Electrification Corporation will be held on 02 November 2012 to consider and approve the un-audited financial results of the company for the quarter ended 30 September 2012.

Government of India appoints B N Sharma as director of Rural Electrification Corporation With immediate effect Rural Electrification Corporation has announced that pursuant to office order dated 23 August 2012 issued by the Ministry of Power, Government of India, B N Sharma, Joint Secretary, Ministry of Power has been appointed as director (Government nominee) on the board of Rural Electrification Corporation with immediate effect and until further order vice Devender Singh, Joint Secretary, who was nominated on the board of Rural Electrification Corporation vide office order dated 30 August 2007.

Hari Das Khunteta ceases as director of Rural Electrification Corporation On 31 July 2012 Rural Electrification Corporation has announced that on attaining the age of superannuation, Hari Das Khunteta, director (finance) has ceased to be a director of the company on 31 July 2012.

Rural Electrification Corporation prepones board meeting To 27 July 2012 The board meeting of Rural Electrification Corporation which was scheduled to be held on 30 July 2012, to consider and approve un-audited financial results of the company for the quarter ended 30 June 2012 has been re- scheduled. The meeting will now be held on 27 July 2012.

Rural Electrification Corporation to announce Q1 results Board meeting on 30 July 2012 The board meeting of Rural Electrification Corporation will be held on 30 July 2012 to consider and approve the un-audited financial results of the company for the quarter ended 30 June 2012 (Q1).

Rural Electrification Corporation recommends final dividend Of Rs 2.50 per share The board of Rural Electrification Corporation in its meeting on 23 May 2012 has recommended final dividend at the rate of Rs 2.50 per share.

Rural Electrification Corporation to announce financial results Board meeting on 23 May 2012 The board meeting of Rural Electrification Corporation will be held on 23 May 2012 to consider and approve the standalone and consolidated audited financial results of the company for the year ended 31 March 2012 and to recommend final dividend, if any.

Government of India appoints Sunil Gupta as director of Rural Electrification Corporation Rural Electrification Corporation has announced that Ministry of Power, Government of India, vide order dated 16 March 2012 has appointed Sunil Gupta as part-time non-official director on the board of Rural Electrification Corporation (REC) for a period of three years with effect from the date of notification of his appointment or until further orders, whichever is earlier.

Rural Electrification Corporation to announce financial results Board meeting on 16 February 2012 The board meeting of Rural Electrification Corporation will be held on 16 February 2012 to consider and approve the audited financial (standalone/consolidated) results of the company for the half year ended 30 September 2011.

Rural Electrification Corporation declares interim dividend Of Rs 5 per share The board of Rural Electrification Corporation in its meeting on 25 January 2012 has declared interim dividend at the rate of Rs 5 per share for the financial year 2011-12.

Rural Electrification Corporation to consider interim dividend Board meeting on 25 January 2012 The board meeting of Rural Electrification Corporation will be held on 25 January 2012 to consider the un-audited financial results of the company for the third quarter ended 31 December 2011 and to consider declaration of interim dividend, if any.

Rural Electrification Corporation to announce Q3 results Board meeting on 25 January 2012 The board meeting of Rural Electrification Corporation will be held on 25 January 2012 to consider and approve the un-audited financial results of the company for the quarter ended 31 December 2011 (Q3).

Rural Electrification Corporation appoints chairman & MD Rural Electrification Corporation has announced that pursuant to office order dated 29 November 2011 issued by the Ministry of Power, Government of India, Rajeev Sharma, director (projects), Power Finance Corporation has been appointed as chairman and managing director (CMD), Rural Electrification Corporation for a period of five years with effect from the actual date of taking over the charge of CMD, REC or till the date of his superannuation or until further orders, whichever is the earliest. Further, in pursuance of this office order, Rajeev Sharma has assumed the charge of chairman and managing director (CMD), Rural Electrification Corporation with effect from 29 November 2011.

Rural Electrification Corporation prepones board meeting To 10 November 2011 The board meeting of Rural Electrification Corporation which is scheduled to be held on 12 November 2011 has been preponed. The meeting will now be held on 10 November 2011.

Rural Electrification Corporation to announce Q2 results Board meeting on 12 November 2011 The board meeting of Rural Electrification Corporation will be held on 12 November 2011 to consider and approve the un-audited financial results of the company for the quarter ended 30 September 2011 (Q2).

Rural Electrification Corporation to announce Q1 results Board meeting on 10 August 2011 The board meeting of Rural Electrification Corporation will be held on 10 August 2011 to consider and approve the un-audited financial results of the company for the quarter ended 30 June 2011 (Q1).

Rural Electrification Corporation postpones board meeting Scheduled to be held on 25 July 2011 The board meeting of Rural Electrification Corporation which is scheduled to be held on 25 July 2011 to consider and approve Un-audited financial results of the company for the quarter ended 30 June 2011 has been postponed and new date of board meeting for the same will be intimated separately.

Rural Electrification Corporation to announce Q1 results Board meeting on 25 July 2011 The board meeting of Rural Electrification Corporation will be held on 25 July 2011 to consider and approve the un-audited financial results of the company for the quarter ended 30 June 2011 (Q1).

Rakesh Jain ceases as director of Rural Electrification Corporation With immediate effect Rural Electrification Corporation has announced that the Ministry of Power, Government of India, vide order dated 05 July 2011 has withdrawn the services of Rakesh Jain, Joint Secretary & Financial Adviser, Ministry of Power as director (Government nominee) from the board of Rural Electrification Corporation (REC) with immediate effect.

Government of India appoints Devi Singh, Govind Rao Marapalli & V Subramanian as part-time non-official directors of REC With effect from 10 June 2011 Rural Electrification Corporation (REC) has announced that Ministry of Power, Government of India, vide order dated 10 June 2011 has appointed Devi Singh, Govind Rao Marapalli and V Subramanian as part-time non- official directors on the board of Rural Electrification Corporation (REC) for a period of three years with effect from the date of their appointment or until further orders, whichever is earlier.

Rural Electrification Corporation recommends final dividend Of Rs 4 per share The board of Rural Electrification Corporation in its meeting on 24 May 2011 has recommended final dividend at the rate of Rs 4 per share for the financial year 2010-11.

Rural Electrification Corporation to announce financial results Board meeting on 24 May 2011 The board meeting of Rural Electrification Corporation will be held on 24 May 2011 to consider and approve the stand-alone and consolidated annual audited accounts and annual financial results for the financial year ended 31 March 2011 and to consider recommendation of final dividend, if any.

Government of India appoints P J Thakkar as director of Rural Electrification Corporation With effet from 02 May 2011 Rural Electrification Corporation has announced that the pursuant to office order dated 02 May 2011 issued by the Ministry of Power, Government of India, P J Thakkar has been appointed as director (technical) on the board of Rural Electrification Corporation for a period of five years, with effect from the date of assumption of charge of the post or till the date of his superannuation or until further orders, whichever event occurs the earliest. Further, the company has announced that P J Thakkar has assumed charge of the post of director (technical) of REC with effect from 02 May 2011.

H D Khunteta assumes additional charge as CMD of Rural Electrification Corporation With effect from 16 April 2011 Rural Electrification Corporation has announced that as per order dated 11 April 2011 issued by the Ministry of Power, Government of India, J M Phatak has relinquished charge of the post of chairman and managing director (CMD), REC with effect from 16 April 2011. Further, as per another order dated 11 April 2011 issued by the Ministry of Power, Government of India, H D Khunteta, director (finance), REC has assumed additional charge of the post of CMD, REC with effect from 16 April 2011.

Guljit Kapur ceases as director of Rural Electrification Corporation With effect from 31 March 2011 Rural Electrification Corporation has announced that Guljit Kapur, director (technical) has ceased to be a director of Rural Electrification Corporation with effect from 31 March 2011 on attaining the age of superannuation.

REC`s subsidiary incorporates three SPVs as its subsidiary companies To take up the work of BPC for transmission project Rural Electrification Corporation has announced that REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary company of REC has been appointed Bid Process Coordinator (BPC) for transmission system associated with IPPs of Vemagiri Area- Package A, transmission system associated with IPPs of Vemagiri Area- Package B and transmission system associated with IPPs of Vemagiri Area- Package C. To take up the work of BPC, RECTPCL is in the process to incorporate three Special Purpose Vehicles (SPVs) as its wholly owned subsidiary companies for each of the above mentioned transmission project. Since RECTPCL is a wholly owned subsidiary of REC, the board of REC has also approved the proposal of incorporation of three SPVs as subsidiary companies of RECTPCL, which will also be subsidiaries of REC.

Rural Electrification Corporation declares interim dividend Of Rs 3.50 per share The board of Rural Electrification Corporation in its meeting on 09 February 2011 has declared interim dividend at the rate of Rs 3.50 per share for the financial year 2010-11.

Rural Electrification Corporation to announce Q3 results Board meeting on 09 February 2011 The board meeting of Rural Electrification Corporation will be held on 09 February 2011 to consider and approve the un-audited financial results of the company for the quarter ended 31 December 2010 (Q3) and to consider declaration of interim dividend.

REC`s subsidiary sells equity shares in Raichur Sholapur Transmission Company Rural Electrification Corporation has announced that after approval of the Ministry of Power, 50,000 equity shares of Raichur Sholapur Transmission Company (RSTCL), which were held by REC Transmission Projects Company (RECTPCL) (a wholly owned subsidiary company of REC) and its nominees, were transferred to a consortium of Patel Engineering, Simplex Infrastructure & BS TransComm and their nominees, substantially upon the terms & conditions as detailed in the share purchase agreement executed between RECTPCL, RSTCL and the consortium led by Patel Engineering for establishment of Transmission System Associate with Krishnapattnam UMPP-Synchronous interconnection between SR and WR (Part-B) Raichui-Sholapur 765 kV S/C line-I. RECTPCL has received an acquisition price of Rs 18.89 crore from consortium towards acquisition of RSTCL along with its all assets and liabilities. The company made this announcement on 10 January 2011.

Devi Singh ceases as director of Rural Electrification Corporation With effect from 06 January 2011 Rural Electrification Corporation has announced that the three-year tenure of Devi Singh, non-official part-time director has come to an end on 06 January 2011 and accordingly, he ceases to be director of REC with effect from 06 January 2011.

Rural Electrification Corporation`s directors tenure ends With effect from 19 December 2010 Rural Electrification Corporation (REC) has announced that the three-year tenure of Venugopal N. Dhoot, M Govinda Rao and P R Balasubramanian, independent directors of the company has come to an end on 19 December 2010 and accordingly, they cease to be directors of REC with effect from 19 December 2010.

Rural Electrification Corporation to issue FCCBs The board of Rural Electrification Corporation in its meeting on 29 November 2010 has approved the proposal of Foreign Currency Borrowings not exceeding US$ 500 million.

Rural Electrification Corporation to announce Q2 results Board meeting on 25 October 2010 The board meeting of Rural Electrification Corporation will be held on 25 October 2010 to consider and approve un-audited financial results of the company for the quarter ended 30 September 2010 (Q2).

Rural Electrification Corporation to announce Q1 results Board meeting on 21 July 2010 The board meeting of Rural Electrification Corporation will be held on 21 July 2010 to consider and approve un-audited financial results of the company for the quarter ended 30 June 2010 (Q1).

Government of India appoints J M Phatak as CMD of REC With effect from 15 June 2010 Rural Electrification Corporation has announced that as per Office Order dated 16 June 2010 issued by the Ministry of Power, Government of India, J M Phatak, IAS (MH : 78), has been appointed as CMD, REC with effect from 15 June 2010, until further orders.

Rural Electrification Corporation recommends final dividend Of 35% The board of Rural Electrification Corporation in its meeting on 19 May 2010 has recommended final dividend at the rate of of Rs 3.50 per share (on the face value of Rs 10 each) for the year 2009-10, subject to approval of the shareholders in the ensuing annual general meeting. The total dividend (including interim dividend) for the financial year 2009-10 is Rs 6.50 per share (on the face value of Rs 10 each).