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REC commits financial assistance of Rs. 23.52 Cr to Shri Kedarnath Utthan Charitable Trust (SKUCT)

REC commits financial assistance of Rs. 23.52 Cr to Shri Kedarnath Utthan Charitable Trust (SKUCT)

🕔21:09, 6.Jul 2020

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

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PFC, REC may restrict funding to power projects based on Chinese equipment

PFC, REC may restrict funding to power projects based on Chinese equipment

🕔18:42, 29.Jun 2020

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,

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REC’s Total Income Increases By 18% to Rs. 29,855 crore

REC’s Total Income Increases By 18% to Rs. 29,855 crore

🕔17:40, 18.Jun 2020

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

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SC rejects green panel appeal on REC price revision by CERC

SC rejects green panel appeal on REC price revision by CERC

🕔07:49, 18.Jun 2020

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

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Delayed not dead: EESL plans Rs 5K cr IPO

Delayed not dead: EESL plans Rs 5K cr IPO

🕔17:35, 17.Jun 2020

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

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Sanjeev Kumar Gupta assumes additional charge of Chairman & Managing Director at REC Limited

Sanjeev Kumar Gupta assumes additional charge of Chairman & Managing Director at REC Limited

🕔15:25, 16.Jun 2020

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

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Ajoy Choudhury appointed Director (Finance) at REC Limited

Ajoy Choudhury appointed Director (Finance) at REC Limited

🕔12:41, 2.Jun 2020

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

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REC Limited ties up with TajSATS to provide nutritious meals to frontline healthcare workers

REC Limited ties up with TajSATS to provide nutritious meals to frontline healthcare workers

🕔10:50, 26.May 2020

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,

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Rs 90,000 cr liquidity injection a breather for power gencos

Rs 90,000 cr liquidity injection a breather for power gencos

🕔15:27, 20.May 2020

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

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Discoms to get loans at cheaper rate to pay dues to Gencos: Minister

Discoms to get loans at cheaper rate to pay dues to Gencos: Minister

🕔07:31, 15.May 2020

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

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REC Limited successfully raises 3 Yr USD 500 Mn Bonds, first USD cross border issuance out of India since COVID-19

REC Limited successfully raises 3 Yr USD 500 Mn Bonds, first USD cross border issuance out of India since COVID-19

🕔16:42, 13.May 2020

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

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Central PSU of Power Ministry REC steps up relief work amidst lockdown to curb Covid-19 Pandemic

Central PSU of Power Ministry REC steps up relief work amidst lockdown to curb Covid-19 Pandemic

🕔12:52, 21.Apr 2020

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

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REC Limited reaches out to over 36,500 needy people with food and ration

REC Limited reaches out to over 36,500 needy people with food and ration

🕔17:15, 6.Apr 2020

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

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REC Limited pledges to donate ₹ 150 Crore for PM-CARES fund

REC Limited pledges to donate ₹ 150 Crore for PM-CARES fund

🕔06:41, 31.Mar 2020

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

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REC Helping hand for labour engaged in Construction of REC Office building, Gurugram due to outbreak of pandemic CoronaVirus COVID-19

REC Helping hand for labour engaged in Construction of REC Office building, Gurugram due to outbreak of pandemic CoronaVirus COVID-19

🕔21:32, 29.Mar 2020

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

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REC commits financial assistance to impart vocational & skill training to 1800 women

REC commits financial assistance to impart vocational & skill training to 1800 women

🕔12:39, 4.Mar 2020

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

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REC’s Senior Unsecured Note rated ‘Baa3’ and ‘BBB-‘ by Moody’s & Fitch

REC’s Senior Unsecured Note rated ‘Baa3’ and ‘BBB-‘ by Moody’s & Fitch

🕔16:55, 26.Feb 2020

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

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PSUs may pick stake in merged PFC-REC entity to keep 51% govt holding

PSUs may pick stake in merged PFC-REC entity to keep 51% govt holding

🕔07:38, 20.Feb 2020

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

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REC commits financial assistance for ensuring development of underprivileged children

REC commits financial assistance for ensuring development of underprivileged children

🕔13:52, 10.Feb 2020

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

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REC DECLARES ITS QUARTERLY FINANCIAL RESULTS FOR Q3 & 9M FY20

REC DECLARES ITS QUARTERLY FINANCIAL RESULTS FOR Q3 & 9M FY20

🕔13:06, 5.Feb 2020

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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