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National Workshop on Future of Smart Metering in India

National Workshop on Future of Smart Metering in India

🕔17:18, 28.Jun 2022

Gurugram, 17th June, 2022: Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia, REC Limited (a public infrastructure finance company under the Ministry of Power, Government of India), and Energy Policy Institute at the University of Chicago (EPIC) partnered to organize a

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REC Limited wins Platinum at Titan Business Awards

REC Limited wins Platinum at Titan Business Awards

🕔18:53, 30.May 2022

Gurugram: REC Limited has received Platinum recognition at the prestigious Titan Business Awards. REC was declared the winner in two categories: Financial Services and Fastest-growing Company of the year. Amongst several organisations from across the globe that were recognised, REC is the only

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Secretary (Power), Govt. of India inaugurates ‘Power Cup 2022’ T-20 Cricket Tournament hosted by NHPC

Secretary (Power), Govt. of India inaugurates ‘Power Cup 2022’ T-20 Cricket Tournament hosted by NHPC

🕔05:07, 23.May 2022

New Delhi, May 23: Power Cup 2022, a T-20 cricket tournament hosted by NHPC is being organized from 22nd May to 12th June 2022 amongst teams from various power sector CPSUs under Ministry of Power/ MNRE. Alok Kumar, Secretary (Power), Govt. of

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REC records its highest annual profit at ₹10,046 Crores

REC records its highest annual profit at ₹10,046 Crores

🕔08:34, 15.May 2022

Gurugram, 13th May 2022: The Board of Directors of REC Limited approved the audited standalone and consolidated financial results for Q4 & 12M FY22. Operational and Financial Highlights – FY22 vs FY21 (Standalone) Total Income: ₹39,230 crores vs. ₹35,410 crores, up 11%

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‘Bijli Utsav’ organized by REC in three states as part of Azadi Ka Amrit Mahotsav

‘Bijli Utsav’ organized by REC in three states as part of Azadi Ka Amrit Mahotsav

🕔05:18, 29.Apr 2022

Gurugram, 28th April 2022: As part of ‘Azadi Ka Amrit Mahotsav’ – to celebrate 75 years of India’s Independence, REC Limited, a public infrastructure finance company under the Ministry of Power organized a ‘Bijli Utsav’ in the states of Manipur, Odisha and Chattisgarh.

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‘Bijli Utsav’ organized by REC in 4 states as part of Azadi Ka Amrit Mahotsav

‘Bijli Utsav’ organized by REC in 4 states as part of Azadi Ka Amrit Mahotsav

🕔05:22, 1.Apr 2022

Gurugram, 31st March 2022: As part of ‘Azadi Ka Amrit Mahotsav’ – to celebrate 75 years of Independence, REC Limited, a public infrastructure finance company under the Ministry of Power organized a ‘Bijli Utsav’ in the states of Assam, Rajasthan, Maharashtra and

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REC’s subsidiary RECPDCL handed over the ‘Gadag Transmission Limited’, the Project SPV to M/s ReNew Transmission Ventures Private Limited

REC’s subsidiary RECPDCL handed over the ‘Gadag Transmission Limited’, the Project SPV to M/s ReNew Transmission Ventures Private Limited

🕔05:25, 18.Mar 2022

Gurugram, 17th March 2022: REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, handed over the project-specific SPV (Special Purpose Vehicle) formed for the construction of Transmission Project viz., ‘Transmission Scheme for Solar Energy Zone in Gadag (2500 MW),

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REC partners with EPIC India to improve the performance of DISCOMS

REC partners with EPIC India to improve the performance of DISCOMS

🕔05:23, 16.Mar 2022

Gurugram, 16th March 2022: The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company and REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned

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REC marks International Women’s Day under Azadi ka Amrit Mahotsav

REC marks International Women’s Day under Azadi ka Amrit Mahotsav

🕔10:38, 9.Mar 2022

Gurugram, 8th March 2022: REC Limited, the ‘Navratna’ NBFC under the administrative control of the Ministry of Power, celebrated International Women’s Day as part of ‘Azadi ka Amrit Mahotsav’ through a series of activities aimed at encouraging gender equality and inclusivity. The

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‘Bijli Utsav’ organized by REC in Karnataka as part of Azadi Ka Amrit Mahotsav

‘Bijli Utsav’ organized by REC in Karnataka as part of Azadi Ka Amrit Mahotsav

🕔13:18, 25.Feb 2022

Gurugram, 24th February 2022: As part of ‘Azadi Ka Amrit Mahotsav’ – to celebrate 75 years of Independence, REC Limited, a public infrastructure finance company under the Ministry of Power organized a ‘Bijli Utsav’ at Ananthapura village near Bengaluru in Karnataka. V.

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REC commits financial support of ₹7.50 Cr to Mizoram State Sports Council (MSSC) for construction of Motorsports Race Track and Sports Complex

REC commits financial support of ₹7.50 Cr to Mizoram State Sports Council (MSSC) for construction of Motorsports Race Track and Sports Complex

🕔14:51, 17.Feb 2022

Gurugram, 17th February 2022: REC Limited, a Navratna Enterprise under the Ministry of Power has committed financial assistance of about ₹7.50 Cr. under its CSR initiative for “Construction of REC – MSSC Motorsports Race Track and Sports Complex” at Lengpui, Mamit

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REC Q3 results: Net profit up 23% at Rs 2,773 cr

REC Q3 results: Net profit up 23% at Rs 2,773 cr

🕔19:29, 4.Feb 2022

Gurugram, 4th February 2022:The Board of Directors of REC Limited approved the unaudited standalone and consolidated financial results for Q3 FY22 today. Financial Highlights – Q3 FY22 vs Q3 FY21 (Standalone) Total Income – ₹10,039croresvs. ₹9,047 crores, up 11% Net

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REC achieves a ‘Perfect’ score on MoU parameters for FY21 – the best amongst all CPSEs

REC achieves a ‘Perfect’ score on MoU parameters for FY21 – the best amongst all CPSEs

🕔20:25, 24.Jan 2022

Gurugram, 24th January 2022: State-owned Non-Banking Financial Company and a ‘Navratna’ enterprise under administrative control of the Ministry of Power, REC Limited has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by

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States committing to power sector reforms incentivised by increased market borrowings space

States committing to power sector reforms incentivised by increased market borrowings space

🕔18:13, 18.Jan 2022

Gurugram, 18th January 2022: Ministry of Finance, Government of India, had launched a programme in June 2021 to allow additional borrowing space to State Governments, which is conditional on them undertaking and sustaining specific reforms in the power sector. REC Ltd is

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REC closes Largest-ever Syndicated Term Loan by an Indian NBFC with US$ 1,175 Million Term Loan

REC closes Largest-ever Syndicated Term Loan by an Indian NBFC with US$ 1,175 Million Term Loan

🕔12:00, 14.Jan 2022

Gurugram, 13th January 2022: In a landmark transaction, REC Limited (REC) successfully raised USD 1,175 Million from a consortium of seven banks as the Mandated Lead Arrangers and Bookrunners (MLABs). This is the single largest syndicated loan raised in the International Bank

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‘Bijli Utsav’ organized by REC in Varanasi as part of Azadi Ka Amrit Mahotsav

‘Bijli Utsav’ organized by REC in Varanasi as part of Azadi Ka Amrit Mahotsav

🕔14:47, 30.Dec 2021

Gurugram, 29th December 2021: As part of ‘Azadi Ka Amrit Mahotsav’ – to celebrate 75 years of Independence, REC Limited, a public infrastructure finance company under the Ministry of Power organized a ‘Bijli Utsav’ at Karsada sub-station in Varanasi, Uttar Pradesh. PP

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REC’s subsidiary RECPDCL hands over the ‘Kallam Transmission Limited’, the Project SPV to Consortium of IndiGrid 1 Limited and IndiGrid 2 Limited

REC’s subsidiary RECPDCL hands over the ‘Kallam Transmission Limited’, the Project SPV to Consortium of IndiGrid 1 Limited and IndiGrid 2 Limited

🕔19:20, 28.Dec 2021

Gurugram, 28th December 2021: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Navaratna CPSU under the aegis of Ministry of Power, handed over the project specific SPV (Special Purpose Vehicle) formed for construction of

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Progress of Revamped Distribution Sector Scheme

Progress of Revamped Distribution Sector Scheme

🕔19:53, 25.Dec 2021

Gurugram, 25th December 2021: The Ministry of Power, Government of India, had launched the Reforms-based and Results-linked, Revamped Distribution Sector Scheme (RDSS), with the objective to improve the operational efficiencies and financial sustainability of State owned DISCOMs/ Power Departments by providing financial

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REC avails ODA loan of USD 169.5 million from KfW Development Bank

REC avails ODA loan of USD 169.5 million from KfW Development Bank

🕔13:29, 23.Dec 2021

Gurugram, 22nd December 2021: REC Limited has entered into an agreement with KfW Development Bank for availing ODA term loan of USD 169.5 million under Indo-German Bilateral Partnership in accordance with the approval granted by Department of Economic Affairs, Ministry of Finance,

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PFC, subsidiary REC sole institutions provided finances to coal projects: Report

PFC, subsidiary REC sole institutions provided finances to coal projects: Report

🕔17:44, 14.Dec 2021

New Delhi, Dec 14 (IANS) An analysis on Tuesday identified Power Finance Corporation (PFC), and its subsidiary Rural Electrification Corporation (REC), as the sole state-owned financial institutions that provided project financing to coal power projects in 2020. The fourth edition of

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