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Our Company was incorporated on July 25 1969 under the Companies Act as a private limited company under the name of 'Rural Electrification Corporation Private Limited' with the main objective of financing rural electrificationschemes in the country. The word "private" was deleted from the name of our Company on June 3 1970. Our Company became a deemed public limited company w.e.f. July 1 1975. The RoC on July 18 2003 issued a fresh certificate of incorporation consequent upon change of name on conversion to a public limited company and our name was changed to our present name Rural Electrification Corporation Limited.Our Company was declared a Public Financial Institution under section 4A of the Companies Act in 1992. We are also registered with the RBI as a NBFC w.e.f. February 10 1998.Major eventsCalendar Year Event1969 Incorporation of our Company.1970 Commenced lending operations to SEBs.1974 Authorised by the Ministry of Irrigation and Power to finance rural electrification under the 'Minimum Needs Programme'.1979 Central Institute of Rural Electrification set up in Hyderabad.1980 Deputed engineers to Algeria to train the Algeria's National Agency for Distribution of Electricity and Gas on rural electrification.1988 Launch of Kutir Jyoti and Jal Dhara programmes for rural electrification.1990 Awarded the Indira Gandhi Memorial Award for Excellence in Public Sector Undertakings for the year 1989-1990.1992 Declared a Public Financial Institution under section 4A of the Companies Act.1993 Entered into MOU with the MoP for the first time to achieve certain performance related targets.1994 Received rating of "excellent" and award by the GoI for the first time for fulfilling the targets pursuant to the MOU.1998 Registered as a NBFC under section 45(IA) of the RBI Act.1999 Received 'AAA' rating from CRISIL Limited in relation to our long term domestic borrowings.2000 Declared to be among the top ten Public Sector Enterprises by the GoI.2001 Capital Gains Tax Benefit under section 54 EC of the IT Act to bonds floated by our Company. Upgradatation from Schedule 'B' to Schedule 'A' Corporation.2002 Grant of Mini Ratna- I status.2003 Did not seek assistance from the budget for finances and became a fully self- reliant organisation.2005 Profit before tax crossed Rs. 10000 million. Paid Rs. 2345 million as dividend to the GoI. Appointed as the nodal agency for RGGVY.2006 Received rating of "excellent" for the year 2005-06 by the GoI for fulfilling the targets of the MOU.2007 Received rating of "excellent" for the year 2006-07 by the GoI for fulfilling the targets of the MOU.