Gurugram: REC Limited, a power sector Maharatna enterprise, has launched a mobile application ‘SUGAM REC’ developed exclusively for REC’s Capital Gain Tax Exemption Bonds under 54EC. The application shall provide an ease to the existing as well as prospective investors, according to a company press note.
‘SUGAM‘ App will offer complete details of the investment in REC Bonds. Investors will be able to down
load their e-bond certificates, apply for fresh investment, download important forms related to KYC updation and also connect with REC’s Investor Cell via call/email/WhatsApp. The mobile application is available for download free of charge on both Androidas well as iOS. This is amongst one of REC’s many digital initiatives.
REC Limited is an NBFC focusing on Power Sector Financing and Development across India. Established in 1969, REC has completed over fifty years in the area of its operations. It provides financial assistance throughout the complete power sector value chain; for various types of projects including Generation, Transmission, Distribution and Renewable Energy.
Links for quick and easy download of the application: