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REC Kurukshetra
3.6
based on 56 Reviews
Company Overview
Company Locations
Working at REC Kurukshetra
Company Summary
Overall Rating
3.6/5
based on 56 reviews
8% below
industry average
Critically rated for
Promotions, Skill development, Work satisfaction
Work Policy
Work from office
94% employees reported
Monday to Friday
93% employees reported
Strict timing
68% employees reported
No travel
42% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
2 employees reported
Professional degree assistance
1 employee reported
Job/Soft skill training
1 employee reported
View detailed benefits
About REC Kurukshetra
Founded in1969 (56 yrs old)
India Employee Count1k-5k
Global Employee Count--
India HeadquartersDelhi/NCR,Delhi, India
Office Locations
--
Website--
Primary Industry
Other Industries
--
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REC came into being in 1969 to articulate a response to the pressing exigencies of the nation. During the time of severe drought, the leaders sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. Thereafter, we have ventured into newer paths and expanded our horizons to emerge today, as a leader in providing financial assistance to the power sector in all segments, be it Generation, Transmission or Distribution.
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REC Kurukshetra Ratings
based on 56 reviews
Overall Rating
3.6/5
How AmbitionBox ratings work?
5
24
4
13
3
4
2
5
1
10
Category Ratings
3.5
Salary
3.4
Job security
3.4
Work-life balance
3.3
Company culture
3.2
Work satisfaction
2.9
Skill development
2.9
Promotions
REC Kurukshetra is rated 3.6 out of 5 stars on AmbitionBox, based on 56 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at REC Kurukshetra
based on 56 reviews
4.4
Rated by 11 Women
Rated 3.9 for Work-life balance and 3.8 for Company culture
3.5
Rated by 45 Men
Rated 3.5 for Salary and 3.4 for Work-life balance
Work Policy at REC Kurukshetra
based on 16 reviews in last 6 months
Work from office
94%
Hybrid
6%
REC Kurukshetra Reviews
Top mentions in REC Kurukshetra Reviews
+ 1 more
Compare REC Kurukshetra with Similar Companies
|  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.6/5 based on 56 reviews | 4.5/5 based on 278 reviews | 4.3/5 based on 155 reviews | 4.1/5 based on 228 reviews |
Highly Rated for |  No highly rated category | Skill development Work-life balance Company culture | Company culture Skill development Work-life balance | Skill development Work-life balance Company culture |
Critically Rated for | Skill development Promotions Work satisfaction |  No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 94% employees reported | Work from office 61% employees reported | - | Work from office 66% employees reported |
Rating by Women Employees | 4.4 Good rated by 11 women | 4.6 Excellent rated by 57 women | 4.1 Good rated by 33 women | 3.7 Good rated by 67 women |
Rating by Men Employees | 3.5 Good rated by 45 men | 4.5 Good rated by 195 men | 4.4 Good rated by 106 men | 4.3 Good rated by 143 men |
Job security | 3.4 Average | 3.9 Good | 3.9 Good | 3.5 Good |
View more
REC Kurukshetra Salaries
REC Kurukshetra salaries have received with an average score of 3.5 out of 5 by 56 employees.
Project Engineer
(86 salaries)
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₹3.9 L/yr - ₹8 L/yr
Project Associate
(12 salaries)
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₹6 L/yr - ₹7.5 L/yr
Executive Assistant
(10 salaries)
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₹2.4 L/yr - ₹4.5 L/yr
Project Finance Associate
(10 salaries)
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₹6 L/yr - ₹6.4 L/yr
Officer
(10 salaries)
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₹19 L/yr - ₹24 L/yr
Operation Assistant
(7 salaries)
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₹2 L/yr - ₹4 L/yr
Electrical Project Engineer
(7 salaries)
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₹3.4 L/yr - ₹4.8 L/yr
Financial Associate
(7 salaries)
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₹6 L/yr - ₹6.2 L/yr
Deputy Manager
(5 salaries)
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₹20 L/yr - ₹25 L/yr
Executive Accountant
(5 salaries)
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₹2.2 L/yr - ₹2.3 L/yr
REC Kurukshetra News
View all
REC, Power Finance Have CLSA Bullish — Here's Why
- CLSA has upgraded its outlook on power financer stocks, including REC Ltd. and Power Finance Corp., highlighting their strong project pipelines and robust loan growth prospects.
- Both companies have been given a 'high conviction outperform' rating, reflecting CLSA’s confidence in their future performance.
- REC stock has a target price of Rs 525 from CLSA. The company’s loan growth over the past five to seven quarters has been strong.
- Power Finance Corp. and REC have received an upgrade from CLSA, based on their positive growth potential.
Bloomberg Quint | 3 Mar, 2025
10.4 crore electricity consumers getting inferior meter and billing services
- Around 10.4 crore electricity consumers in India are receiving inferior meter and billing services, according to a report by State-run power sector lender REC.
- The Metering, Billing & Collection (MBC) parameter, which carries significant weightage in the evaluation, has consistently been the poorest performing parameter.
- Only approximately 2.9% of the total consumers have experienced A+ and A grade services, while 31% of consumers are receiving relatively inferior services.
- Efforts are required to promote smart meters, encourage prepaid consumers, and increase digital transactions to improve the service quality and overall grades of Discoms.
HinduBusinessLine | 25 Feb, 2025
Stock Recommendations Today: Hindalco, HAL, Titan, Power Financiers On Brokerages' Radar
- Brokerages' radar today includes recommendations on Hindalco, HAL, Titan, and power financiers.
- Jefferies notes the absence of a rally in Indian markets despite relief measures.
- Financial sectors are highlighted following rate cuts, while BofA sees sectoral strength amid overall market weakness.
- Recommendations include maintaining 'Buy' ratings on IOCL, BPCL, and HPCL by HSBC on OMCs.
- CLSA maintains 'Outperform' on PFC and REC citing benefits from renewable and thermal capex.
- Jefferies lowers target price for Entero Healthcare but maintains 'Buy' rating due to projected future growth.
- HSBC maintains 'Buy' on Maruti Suzuki, foreseeing India as an EV export hub for Suzuki and Toyota.
- Brokerages remain positive on Hindalco, with CLSA and JPMorgan maintaining 'Outperform' and 'Overweight' ratings, respectively.
- Titan receives a 'Buy' rating from Goldman Sachs with expectations of continued growth momentum.
- Jefferies holds a 'Hold' rating on Manappuram, noting missed profit expectations and increased credit costs.
- JPMorgan maintains an 'Overweight' on Reliance Industries, highlighting potential upside from subsidiary listings and other factors.
Bloomberg Quint | 14 Feb, 2025
Big Ticket Offerings Lift Overseas Borrowings To Near Four-Year High In December
- Big ticket issuances by Shriram Finance Ltd., Reliance Industries Ltd., REC Ltd. and Tata Capital Ltd. lifted overseas debt borrowings by Indian companies to a near four-year high in December.
- External commercial borrowings by Indian corporations rose to $9.54 billion in December, sharply higher than $5.07 billion in the same period a year ago, according to data from the RBI.
- Over $3 billion of these ECB borrowings came from financial services companies and a private corporate.
- Shriram Finance tapped the overseas debt market about six times in December cumulatively raising $1.12 billion.
Bloomberg Quint | 10 Feb, 2025
This Will Drive REC’s Renewable Energy Loan Portfolio To Rs 3.5 Lakh Crore By 2030
- REC Ltd., which finances and promotes power projects, aims to increase its renewable energy loan portfolio to Rs 3.5 lakh crore by 2030.
- Finance Minister Nirmala Sitharaman's announcement to install 100 gigawatts of nuclear energy by 2047 in the budget will provide an additional capacity for REC to lend to non-fossil fuel sources, including renewable energy.
- The company is targeting a Rs 3.5 lakh crore renewable energy loan portfolio by 2030.
- REC's loan book grew by 14% in Q3 and the company aims to increase it by 17% in Q4.
Bloomberg Quint | 9 Feb, 2025
REC, PFC Shares Rally As RBI Delays Implementation Of Project Finance Norms
- Shares of project financing companies like REC Ltd. and Power Finance Corp rallied after the new Reserve Bank of India Governor delayed the implementation of new project finance norms to 2026.
- Governor Sanjay Malhotra extended the timeframe for the implementation of liquidity coverage ratio norms and new project finance norms.
- RBI proposed that banks increase provisions to 5% of the loan amount disbursed for projects in the construction phase.
- Shares of REC Ltd rose as much as 4.09% and Power Finance Corp rose as much as 3.51% after the announcement.
Bloomberg Quint | 7 Feb, 2025
REC Q3 Results: Profit Up 23%, Net Interest Income Rises 20%
- REC Ltd.'s standalone net profit rose 23% year-on-year in the third quarter of the current financial year.
- Net interest income increased by 20% to Rs 5,133.1 crore compared to Rs 4,290.7 crore.
- The company declared a third interim dividend of Rs 4.30 per equity share for the financial year 2024-25.
- The dividend will be paid or dispatched on or before March 6, 2025 to eligible shareholders.
Bloomberg Quint | 6 Feb, 2025
REC Declares Third Interim Dividend For FY25
- REC Ltd. declared its third interim dividend of Rs 4.30 per equity share of face value Rs 10 for fiscal 2025. The record date to determine the shareholders eligible for the dividend payout has been fixed as Feb .14. The dividend will be paid on, or before March 6, the company said in a press release.
- REC announced the formation of a joint venture between REC Power Development and Consultancy Ltd. and Mahagenco Renewable Energy Ltd. The joint venture aims to develop renewable energy and other power projects, subject to required approvals.
- REC's consolidated net profit for the quarter ended Dec. 31, 2024, increased by 23% year-on-year to Rs 4,029 crore. The standalone income rose 18.7% year-on-year to Rs 14,172.71 crore.
- Shares of REC Ltd. fell 1.42% to Rs 446.50 per share on the National Stock Exchange. Twelve analysts tracking the company have a 'buy' rating, with an average price target implying a potential upside of 54.9%.
Bloomberg Quint | 6 Feb, 2025
PFC Share Price Target 2025, 2026, 2027 to 2030
- The Power Finance Corporation (PFC) is a key player in a major Maharatna public sector under the Ministry of Government of India.
- The article presents PFC share price targets for 2025, with month-wise projections ranging from a minimum of Rs 394.38 to a maximum of Rs 696.70 in December.
- Explore PFC share price targets from 2026 to 2030 with yearly projections ranging from a minimum of Rs 490.85 in 2026 to a maximum of Rs 1,157.80 in 2030.
- Currently, the PFC's share price has increased by 887%, having started at Rs 41 per share in February 2007 to Rs 441 per share currently.
- In the last five years, PFC share prices have shown better consistency by more than 400%, offering investors good returns.
- PFC LTD competitors include National Stock Exchange, REC, SBI Card, IFCI, and Ujjivan Financial.
- PFC share price targets are unpredictable, and may change. Expert advice is recommended before making any investments.
- PFC share price targets 2025 are between Rs 696 and Rs 394.
- PFC share price target 2026 is between Rs 723 and Rs 490.
- PFC Share Price Target 2030 is predicted to remain between Rs 1,157 and Rs 695.
VIE Stories | 4 Feb, 2025
REC Q3 Results: Date, Time, Interim Dividend Details And All You Need To Know
- REC Ltd. will declare its Q3 results on February 6, 2025.
- REC declared second interim dividend of Rs 4 per equity share for FY25.
- Shares of REC have witnessed a decline on NSE, falling nearly 19% over the past year.
- REC reported a 6.5% YoY increase in consolidated net profit for the September 2024 quarter.
Bloomberg Quint | 3 Feb, 2025
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REC Kurukshetra FAQs
When was REC Kurukshetra founded?
REC Kurukshetra was founded in 1969. The company has been operating for 56 years primarily in the FMCG sector.
Where is the REC Kurukshetra headquarters located?
REC Kurukshetra is headquartered in Delhi/NCR,Delhi.
How many employees does REC Kurukshetra have in India?
REC Kurukshetra currently has approximately 1,700+ employees in India.
Does REC Kurukshetra have good work-life balance?
REC Kurukshetra has a work-life balance rating of 3.4 out of 5 based on 50+ employee reviews on AmbitionBox. 34% employees rated REC Kurukshetra 3 or below, while 66% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read REC Kurukshetra work-life balance reviews for more details
Is REC Kurukshetra good for career growth?
Career growth at REC Kurukshetra is rated as poor, with a promotions and appraisal rating of 2.9. 34% employees rated REC Kurukshetra 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading REC Kurukshetra reviews for more detailed insights.
What are the cons of working in REC Kurukshetra?
Working at REC Kurukshetra does have some drawbacks that potential employees should consider. The company is poorly rated for skill development, promotions / appraisal and work satisfaction, based on 50+ employee reviews on AmbitionBox.
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