September 24, 2017
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REC organized a Quiz to mark 75 years of Quit India Movement
Rural Electrification Corporation, a Navratna CPSU organized a Quit India Movement themed quiz competition for its employees at its Corporate Office in New Delhi. The event saw overwhelming enthusiasm as the employees celebrated the spirit of Quit India...
REC inks 13K Crore MoU with Mahagenco
Rural Electrification Corporation (REC) Limited, a Navratna PSU involved in financing all segments of power sector, has signed a Memorandum of Understanding (MoU) extending a term loan worth Rs. 13,000 crore to Mahagenco for generation projects, FGD...
REC posts a Profit of Rs. 1,890 Crore
Rural Electrification Corporation (REC) Limited, a Navratna public sector company focused on financing power projects announced its financial results for the quarter ended 30 June 2017 in a meeting held on 11 August 2017. The Total Income of the...
REC organizes National Workshop on Universal Electrification
Ministry of Power, REC and Government of Bihar jointly organized a National Workshop on Universal Electrification chaired by Shri. A K Bhalla, Secretary Power, GoIon 8th and 9th August 2017 in Patna.The workshop was conducted to deliberate upon the issues...
REC Takes Up Village Electrification on Mission Mode: 13,685 Villages Electrified up to 20 th June 2017
Rural Electrification Corporation Limited, a Navratna Central Public Sector Enterprise and a premier financial institution supporting power sector development across India, is the nodal agency for Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY), which...
REC Signs MoU with Ministry of Power for FY 2017-18
Dr. P V Ramesh IAS, CMD, Rural Electrification Corporation Limited (REC), the Navratna Central Public Sector Enterprise and premier financial institution supporting power sector development across India has signed a Memorandum of Understanding (MoU)...
REC posts its Highest Ever Annual Profit of Rs. 6,246 Crore
Rural Electrification Corporation (REC) Limited, a Navratna public sector company focused on financing power projects announced its financial results for the quarter and year ended 31 March 2017 in a meeting held on 30th May 2017. The Total Income of...
Power Minister releases PFC’s ‘5th Annual Integrated Rating of State Power Distribution Utilities’
Union Minister of State (I/C) for Power, Coal and New Renewable Energy, Shri Piyush Goyal releasing the ‘5th Annual Integrated Rating of State Power Distribution Utilities ’ for the FY 2015-16 in the presence of (L to R) Shri Arun Kumar, Secretary...
‘Power Sports Control Board’ Held 53rd Executive Committee Meeting
53rd Meeting of Executive Committee of Power Sports Control Board(Ministry of Power, Govt. of India) organized on 28th April,2017 at Hotel Lalit, New Delhi. Representatives from PFC, BBMB, PGCIL, NHPC, THDC, REC, MOP, CEA, NEEPCO and SJVNL attended the...
REC honored with two Awards
REC has been awarded the “SCOPE Excellence Award for outstanding contribution to the Public Sector Management – Institutional Category I (Maharatna & Navrtatna)” and “SCOPE Meritorious Award for Best Managed Bank, Financial Institution...
Power Ministry crosses 13,000 village electrification milestone
Ministry of Power, government of India has achieved a remarkable milestone of electrifying more than 13,000 villages out of the 18,452 un-electrified villages. As on 6th April 2017 a total of 13,174 villages have been electrified under the DeenDayalUpadhyay...
REC’s subsidiary handover SPVs to M/s Sterlite Grid 4 Limited
REC Transmission Projects Company Limited, a wholly owned subsidiary of Rural Electrification Corporation Ltd, – a ‘Navratna’ Central Public Sector Undertaking, under Ministry of Power, has handed over project specific Special Purpose Vehicles...
REC wins the Dainik Bhaskar India Pride Award 2017
REC has been awarded for being the leading Financial Services NBFC in the Central PSU category at Dainik Bhaskar India Pride Award 2017. The award was received by Dr. P. V. Ramesh, CMD, REC from Shri Manoj Sinha, Union Minister of State for Railways...
REC signs MoU with DVC
A MoUwas signed between Rural Electrification Corporation Ltd. (REC) and Damodar Valley Corporation (DVC) and on 22nd March, 2017, at DVC Towers, Kolkata, to provide a holistic framework for extending long term financing and capacity support. The MoU...
REC extends support to Swachh Bharat Kosh Fund
REC is an Enterprise of the Government of India under the Ministry of Power, mandated to provide financing for the power sector development across the value chain in the field of generation, transmission, distribution and above all, renewable energy...
REC received the exemplary Demonstration of ‘ Passive Architecture Design’ by GRIHA Council in their 8th Summit 2017
REC received the exemplary Demonstration of ‘ Passive Architecture Design’ by GRIHA Council in their 8th Summit 2017
REC extends CSR support to All India Institute of Medical Sciences
REC extends CSR support to All India Institute of Medical Sciences (AIIMS), New Delhi for the project ‘’Renovation and provision of equipment for Central Sterile Supply Department (CSSD) of AIIMS along with procurement of new steam sterilizers and...
REC net profit up 28.07% to Rs 1,754.40 cr in Q3
Mumbai, Feb 14 Rural Electrification Corp (REC) on Tuesday reported a 28.07 per cent increase in its net profit to Rs 1,754.40 crore in the quarter ending on December 31, 2016 as compared to Rs 1,369.86 crore in the corresponding period last year. The...
REC Signs MoU worth Rs. 39K crore with Karnataka
MOUs were signed between REC Limited and KPCL & BESCOM on 3rd February, 2017 in presence of Chief Minister of Karnataka, Shri Siddharamaih and Energy Minister Shri D. K. Shivakumar for extending a financial assistance to the tune of Rs.39,121 crore...