Rural Electrification Corporation - REC

REC is 82% government-owned and has achieved growth of nearly 48% in its sales and profits for trailing four quarters till Sept'09. It has beaten the benchmark index, Sensex by a whopping 280% return over the last 12 months. The company derives significant advantages as a Govt enterprise and operating in a thrust area, through various exemptions and access to low cost funding. Further, the power sector is witnessing tremendous growth, and with greater private participation in managing distribution centres, and developing newer distribution models, the company is expected to maintain its growth momentum.