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
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
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
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%
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.
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
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),
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
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
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.
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
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
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
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
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
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
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
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
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,
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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