Back to homepage

Tag "rec"

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

Read Full Article
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

Read Full Article
‘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

Read Full Article
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

Read Full Article
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

Read Full Article
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,

Read Full Article
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

Read Full Article
‘Bijli Utsav’ organized by REC in Assam as part of Azadi Ka Amrit Mahotsav

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

🕔07:01, 1.Dec 2021

Kamrup, Assam, 30th September 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’ in Sonapur village of Kamrup

Read Full Article
REC’s subsidiary RECPDCL handed over the ‘MP Power Transmission Package – II Limited’, the SPV Project to M/s Adani Transmission Limited

REC’s subsidiary RECPDCL handed over the ‘MP Power Transmission Package – II Limited’, the SPV Project to M/s Adani Transmission Limited

🕔21:31, 1.Nov 2021

Gurugram, 1stNovember 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

Read Full Article
‘Bijli Utsav’ organized by REC in Kevadia as part of Azadi Ka Amrit Mahotsav

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

🕔11:16, 1.Nov 2021

Gurugram, 29th October 2021: As part of ‘Azadi Ka Amrit Mahotsav’ – to celebrate 75 years of Independence and in remembrance of the Iron Man of India Vallabhbhai Patel, REC Limited, a public sector company under the Ministry of Power organized a

Read Full Article
REC Net Profit – Rs. 2,739 crores vs. Rs. 2,190 crores, up 25% for Q2 FY22 And H1 FY22

REC Net Profit – Rs. 2,739 crores vs. Rs. 2,190 crores, up 25% for Q2 FY22 And H1 FY22

🕔21:11, 29.Oct 2021

New Delhi, 29th October 2021: The Board of Directors of REC Limited approved the unaudited standalone and consolidated financial results for Q2 FY22 today. Financial Highlights – Q2 FY22 vs Q2 FY21 (Standalone) Total Income – Rs.  10,079 crores vs. Rs. 8,791

Read Full Article
REC Limited closes US$75million SOFR linked Term Loan with Sumitomo Mitsui Banking Corporation (SMBC)

REC Limited closes US$75million SOFR linked Term Loan with Sumitomo Mitsui Banking Corporation (SMBC)

🕔15:39, 20.Oct 2021

Gurugram, 20th October 2021: In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore

Read Full Article
REC opens global export opportunity for RIL’s solar business

REC opens global export opportunity for RIL’s solar business

🕔14:20, 11.Oct 2021

New Delhi, Oct 11  REC is the only company globally to commercialise tech that consumes 75 per cent less power than the Chinese companies. RIL acquired REC Group, an integrated solar PV maker, for S$771m. REC is the only player

Read Full Article
Members of Committee on Subordinate Legislation, Lok Sabha visit NHPC Nimmo Bazgo Power Station during Study visit to Leh

Members of Committee on Subordinate Legislation, Lok Sabha visit NHPC Nimmo Bazgo Power Station during Study visit to Leh

🕔05:29, 5.Oct 2021

N.K. Premachandran and Suresh Purjari, MPs and Members of Committee on Subordinate Legislation, Lok Sabha, along with Ajoy Choudhury, Director (Finance), REC visited the NHPC NimmoBazgo Power Station (UT of Ladakh) on 03.10.2021. During the visit A.K. Singh, CMD, NHPC

Read Full Article
‘Bijli Utsav’ organized by REC in Uttarakhand as part of Azadi Ka Amrit Mahotsav

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

🕔11:20, 1.Oct 2021

Gurugram, 30th September 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’ in Dharmawala, Vikasnagar Block of Dehradun district and

Read Full Article
Ministry of Power Redesigns Renewable Energy Certificate (REC) Mechanism

Ministry of Power Redesigns Renewable Energy Certificate (REC) Mechanism

🕔07:43, 30.Sep 2021

New Delhi, Sept 30: Union Minister of Power and New & Renewable Energy, RK Singh has given his assent to amendments in the existing Renewable Energy Certificate (REC)  mechanism. The intent behind this decision is to align the ‘mechanism’ with

Read Full Article
REC Limited and J-PAL South Asia enter Data-sharing Agreement

REC Limited and J-PAL South Asia enter Data-sharing Agreement

🕔21:09, 22.Sep 2021

Gurugram, 22nd September 2021: REC Limited, a public infrastructure finance company under the Ministry of Power and the Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia are partnering to create an annual, data-based assessment of 79 public and private power distribution

Read Full Article
Solar power projects create employment in UP

Solar power projects create employment in UP

🕔13:45, 11.Aug 2021

Lucknow, Aug 11  The huge investments being made by companies in the solar energy sector have opened up great opportunities for permanent employment in Uttar Pradesh. The UP government’s Solar Energy Policy 2017 is not only dispelling darkness from every

Read Full Article
REC ANNOUNCED ITS QUARTERLY PROFIT AT RS. 2,247 CRORES

REC ANNOUNCED ITS QUARTERLY PROFIT AT RS. 2,247 CRORES

🕔20:44, 5.Aug 2021

DECLARES FINAL DIVIDEND OF RS. 1.71 PER SHARE OF RS. 10 EACH FOR FY 2020-21 DECLARES INTERIM DIVIDEND OF RS. 2 PER SHARE OF RS. 10 EACH FOR FY 2021-22  New Delhi, 5th August 2021: The Board of Directors of REC

Read Full Article
Cabinet Minister for Power and MoS for Power inaugurate REC’s New Corporate Office at Gurugram, Haryana

Cabinet Minister for Power and MoS for Power inaugurate REC’s New Corporate Office at Gurugram, Haryana

🕔05:31, 26.Jul 2021

REC Celebrates its 52nd Foundation Day at its New Corporate Office at Gurugram, Haryana Report on Key Regulatory Parameters of Power Utilities Released by Cabinet Minister for Power and Minister of State for Power On the occasion of 52nd foundation Day

Read Full Article