Rajasthan Renewable Energy Corporation Limited

Company generates electricity from renewable sources and promotes energy conservation and environmental protection.

1995 | Jaipur, Rajasthan (India) | Active
Last Updated:

Rajasthan Renewable Energy Corporation Profile

Key Indicators

  • Authorised Capital ₹ 16.00 Cr
  • Paid Up Capital ₹ 12.94 Cr
  • Company Age 29 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 234.03 Cr
  • Revenue Growth 7.29%
  • Profit Growth 4.73%
  • Ebitda -3.97%
  • Net Worth 10.62%
  • Total Assets 17.64%

About Rajasthan Renewable Energy Corporation

Rajasthan Renewable Energy Corporation Limited (RRECL) is a leading Public Limited State Government Company incorporated in India on 06 April 1995 and has a history of 29 years and ten months. Its registered office is in Jaipur, Rajasthan, India.

The Company is engaged in the Energy And Power Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 16.00 Cr and a paid-up capital of Rs 12.94 Cr.

The company has closed loans amounting to ₹234.03 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Rajasthan Renewable Energy Corporation Limited India are Gazal Saxena as COMPANY SECRETARY and Deokinandan Sharma as Cfo. Naveen Jain, Om Kasera, Birdi Gangwal, and Three other members serve as directors at the Company.

Company Details

  • Location

    Jaipur, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    energy.rajasthan.gov.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U40101RJ1995SGC009847

  • Company No.

    009847

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    06 Apr 1995

  • Date of AGM

    20 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Jaipur

Industry

Energy and Power

Who are the key members and board of directors at Rajasthan Renewable Energy Corporation?

Executive Team (3)

NameDesignationAppointment DateStatus
Om Kasera Country flag representing In Managing Director15-Oct-2024Current
Gazal Saxena Company Secretary15-Apr-2010Current
Deokinandan Sharma CFO07-Mar-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Naveen Jain Country flag representing In Director 15-Oct-2024Current
Birdi Gangwal Country flag representing In Nominee Director 30-May-2024Current
Girdhar Country flag representing In Nominee Director 04-Jun-2024Current
Kamlesh Meena Country flag representing In Nominee Director 29-May-2024Current
Alok Gupta Country flag representing In Director 07-Mar-2024Current

Financial Performance of Rajasthan Renewable Energy Corporation.

Rajasthan Renewable Energy Corporation Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 7.29% increase. The company also saw a slight improvement in profitability, with a 4.73% increase in profit. The company's net worth Soared by an impressive increase of 10.62%.

Rajasthan Renewable Energy Corporation revenue growth over time
Rajasthan Renewable Energy Corporation profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
7.29%
Revenue from Operations
2.78%
Total Assets
17.64%
Profit or Loss
4.73%
Net Worth
10.62%
EBITDA
-3.97%

What is the Ownership and Shareholding Structure of Rajasthan Renewable Energy Corporation?

In 2023, Rajasthan Renewable Energy Corporation had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹234.03 Cr

Charges Breakdown by Lending Institutions

  • Power Finance Corporation Ltd. : 177.80 Cr
  • The Bank Of Rajasthan Ltd. : 29.75 Cr
  • Oriental Bank Of Commerce : 16.00 Cr
  • Dena Bank : 6.00 Cr
  • Indian Renewable Energy Development Agency Ltd. : 2.48 Cr
  • Others : 2.00 Cr

Latest Charge Details

DateLenderAmountStatus
23 Jul 2010Oriental Bank Of Commerce₹16.00 CrSatisfied
18 Mar 2006The Bank Of Rajasthan Ltd.₹29.75 CrSatisfied
14 Jun 2004Power Finance Corporation Ltd.₹88.90 CrSatisfied
13 May 2004Power Finance Corporation Ltd.₹88.90 CrSatisfied
13 Feb 2004Dena Bank₹6.00 CrSatisfied

How Many Employees Work at Rajasthan Renewable Energy Corporation?

Rajasthan Renewable Energy Corporation has a workforce of 13 employees as of Oct 15, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Rajasthan Renewable Energy Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rajasthan Renewable Energy Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rajasthan Renewable Energy Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Rajasthan Renewable Energy Corporation

Recent activity within the organization

  • Director Appointment

    Naveen Jain was appointed as a Director was appointed as a Director on 15 Oct 2024 & has been associated with this company since 4 months 19 days .

  • Director Appointment

    Om Prakash Kasera was appointed as a Managing Director was appointed as a Managing Director on 15 Oct 2024 & has been associated with this company since 4 months 19 days .

  • Director Appointment

    Girdhar was appointed as a Nominee Director was appointed as a Nominee Director on 04 Jun 2024 & has been associated with this company since 8 months 29 days .

  • Director Appointment

    Birdi Chand Gangwal was appointed as a Nominee Director was appointed as a Nominee Director on 30 May 2024 & has been associated with this company since 9 months 4 days .

  • Director Appointment

    Kamlesh Kumar Meena was appointed as a Nominee Director was appointed as a Nominee Director on 29 May 2024 & has been associated with this company since 9 months 5 days .

  • Annual General Meeting

    Rajasthan Renewable Energy Corporation Limited last Annual general meeting of members was held on 20 Dec 2023 as per latest MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Rajasthan Renewable Energy Corporation Limited?

    Rajasthan Renewable Energy Corporation Limited was incorporated on 06 Apr 1995.

  • What is authorized share capital and paid-up capital of Rajasthan Renewable Energy Corporation Limited?

    The authorized share capital of Rajasthan Renewable Energy Corporation Limited is ₹ 16.00 Cr and paid-up capital is ₹ 12.94 Cr.

  • Who are the current board members & directors of Rajasthan Renewable Energy Corporation Limited?

    Currently 8 directors are associated with Rajasthan Renewable Energy Corporation Limited.

    • Naveen Jain
    • Om Prakash Kasera
    • Birdi Chand Gangwal
    • Gazal Saxena
    • Girdhar
    • Kamlesh Kumar Meena
    • Alok Gupta
    • Deokinandan Sharma

  • What is the registered address of Rajasthan Renewable Energy Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Rajasthan Renewable Energy Corporation Limited is E-166 Yudhishter Marg, C-Scheme India, Jaipur, Rajasthan, 302001.

  • What is the corporate identification number (CIN) and company number of Rajasthan Renewable Energy Corporation Limited?

    The corporate identification number (CIN) of Rajasthan Renewable Energy Corporation Limited is U40101RJ1995SGC009847 and the company number is 009847 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Rajasthan Renewable Energy Corporation Limited?

    The Official website of Rajasthan Renewable Energy Corporation Limited is https://www.energy.rajasthan.gov.in

  • What has been the recent revenue trend for Rajasthan Renewable Energy Corporation Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Rajasthan Renewable Energy Corporation Limited has risen by 7.29%.

  • How many employees does Rajasthan Renewable Energy Corporation Limited currently have?

    As Per 2023 financial reports, 13 employees are currently employed by Rajasthan Renewable Energy Corporation Limited.

  • What change has been observed in the net worth of Rajasthan Renewable Energy Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Rajasthan Renewable Energy Corporation Limited has experienced an upsurge of 10.62%.

  • When was the last Balance Sheet of Rajasthan Renewable Energy Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Rajasthan Renewable Energy Corporation Limited was filed with the ROC on 31 Mar 2023.

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