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REC (BOM:532955) Payments to Suppliers for Goods and Services


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What is REC Payments to Suppliers for Goods and Services?

Payments to Suppliers for Goods and Services only applicable to companies reporting Cash Flow from Operations in direct method.


REC (BOM:532955) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » REC Ltd (BOM:532955) » Definitions » Payments to Suppliers for Goods and Services
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Plot No. I-4, Sector 29, Gurugram, HR, IND, 122001
REC Ltd is a nonbanking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. The majority of its revenue derives from long-term financing.