New Delhi, 06th July, 2020: REC Ltd. (Formerly Rural Electrification Corporation Limited), A Govt. of India Navratna PSU, committed financial assistance of Rs. 23.52 Crore through its CSR arm, REC Foundation to SKUCT for the following: Construction of admin offices
New Delhi, June 29 The government’s economic response against China may see public sector financiers restricting funding of projects that ise equipment from the neighbouring country, sources said on Monday. The practice would first be adopted in the power sector,
New Delhi, 17th June 2020: The Board of Directors of REC Limited (formerly Rural Electrification Corporation Limited) approved the audited standalone and consolidated financial results for FY 2019-20 today. Operational and Financial Highlights – FY20 vs FY19 – Sanctions – Rs. 1,10,908
New Delhi, June 18 The Supreme Court has declined to entertain Green Energy Association (GEA) appeal on stopping Renewable Energy Certificates (REC) price revision by Central Electricity Regulatory Commission (CERC). The top court took cognizance of a matter seeking stay
New Delhi, June 17 Delayed by Covid-19 outbreak, the listing process o f power PSUs’ joint venture EESL is expected to commence by the end of the current or the start of next fiscal year. The ‘Super-Energy Service Company’ which was
New Delhi, 12th June 2020: Govt. of India has assigned additional charge of Chairman & Managing Director, REC Limited to Mr. Sanjeev Kumar Gupta, Director (Technical) w.e.f. 1st June 2020. Sanjeev Kumar Gupta has been Director (Technical) of REC Limited since
REC Limited, a Government of India Navratna PSU and one of India’s largest power financiers, has announced the appointment of Mr. Ajoy Choudhury to the post of Director (Finance) with effect from 1st June, 2020 upon the superannuation of the
New Delhi, 26th May 2020: REC Limited, a Government of India PSU and one of India’s largest power financiers, is spearheading the mission to feed the medical staff in key government hospitals as well as poor daily wage labourers across the nation,
New Delhi, May 20 The government’s move to provide Rs 90,000 crore loans to state power distribution companies (discom) comes at an opportune time and will help clear a significant part of their obligations to power generation companies (genco), according
New Delhi, May 15 Financially stressed discoms will be offered loans at cheaper rates of 8.5 to 9 per cent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation
New Delhi, 13th May 2020: REC Limited, a Government of India PSU and one of India’s largest power financiers, opened up the USD markets for Indian issuers in the wake of COVID crisis. In the lead up to the issuance, REC was actively
From Srinagar to Kanyakumari, Jamnagar to Shillong, starvation is as much a threat as Covid-19 for daily wagers, many of them migrants from different parts of India. Concerned over their plight, REC Foundation, the CSR arm of REC Limited, a
New Delhi, 6th April 2020:From Srinagar to Chennai, Ahmedabad to Kolkata, starvation is as much a threat as Covid-19 for daily wagers, many of them migrants from different parts of India. Concerned over their plight, REC Foundation, the CSR arm
The pandemic of COVID-19 has engulfed the entire world and has posed serious challenges for the health and economic security of millions of people worldwide. In India too, the spread of coronavirus has been alarming and is posing severe health
Due to Government lockdown in view of the outbreak of pandemic Corona Virus COVID-19, several workers belong to various states like Bihar, West Bengal, Orissa, Gujarat etc. engaged in construction of REC office building, Gurugram are unable to go to
REC Ltd. (Formerly Rural Electrification Corporation Limited), A Govt. of India Navratna Enterprise, committed financial assistance of Rs. 2.79 crore under its CSR initiative to Tata Community Initiatives Trust (TCIT) for imparting job-oriented skill development training to 1800 women belonging
New Delhi, 26th February 2020: Fitch Ratings has assigned India-based REC Limited’s proposed senior unsecured note rating of ‘BBB-/Stable’ and Moody’s has assigned a rating of ‘Baa3’ on the same.The notes will be issued from REC’s existing USD 7 billion
New Delhi, Feb 20 State-run financial institutions or public sector enterprises such as LIC, NTPC, NHPC may pick up a stake in the Power Finance Corporation (PFC) to prevent government shareholding in the power sector financier from falling below the
REC Ltd. (Formerly Rural Electrification Corporation Limited), A Govt. of India Navratna Enterprise, committed financial assistance of Rs. 95.62 lakhsthrough its CSR arm, REC Foundation to Parivaar Education Society for the construction of boys hostel (second floor) for tribal children
Total income increases by 39% to Rs.7,653 crore during Q3 FY20 Asset quality continues to improve Interim dividend of Rs. 11/- per share declared by the Board of Directors The Board of Directors of REC Limited (formerly Rural Electrification
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