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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

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‘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

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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

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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

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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

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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

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‘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

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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

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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

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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

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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

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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

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R K Singh, Power Minister releases “Ranking &9th Integrated Rating of State Power Distribution utilities” Report

R K Singh, Power Minister releases “Ranking &9th Integrated Rating of State Power Distribution utilities” Report

🕔05:48, 17.Jul 2021

New Delhi, July 16 – Union Minister of Power, New and Renewable Energy, R.K. Singh today released the “Ranking &Ninth Integrated Ratings for State-owned Power Distribution Utilities” on the occasion of PFC’s 36th Foundation Day in the presence of Krishan

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REC’s subsidiary RECPDCL handed over two (2) SPVs of Transmission Projects to  M/s Power Grid Corporation of India Limited

REC’s subsidiary RECPDCL handed over two (2) SPVs of Transmission Projects to M/s Power Grid Corporation of India Limited

🕔19:13, 4.Jun 2021

REC Power Distribution Company Limited (RECPDCL), a wholly owned subsidiary of REC Limited under Ministry of Power, handed over two projects specific Special Purpose Vehicles (SPVs) ‘Fatehgarh Bhadla Transco Limited’ & ‘Sikar New Transmission Limited’ to M/s Power Grid Corporation

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आरईसी ने अब तक का अपना सर्वाधिक 8,362 करोड़ रूपए का वार्षिक लाभ दर्ज किया

आरईसी ने अब तक का अपना सर्वाधिक 8,362 करोड़ रूपए का वार्षिक लाभ दर्ज किया

🕔20:50, 28.May 2021

नई दिल्ली, 28 मई 2021: आरईसी लिमिटेड के निदेशक मंडल द्वारा आज वित्तीय वर्ष 2020-21 की चौथी तिमाही और 12 महीने के लेखापरीक्षित स्टैण्डअलोन और कंसोलिडेटेड वित्तीय परिणामों को जारी कर दिया गया है। प्रमुख प्रचालन एवं वित्तीय बिंदु- वित्तीय वर्ष 2019-20 और

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REC Records Its Highest Ever Yearly Profit At Rs. 8,362 Crores

REC Records Its Highest Ever Yearly Profit At Rs. 8,362 Crores

🕔20:45, 28.May 2021

New Delhi, 28th May 2021:The Board of Directors of REC Limited approved the audited standalone and consolidated financial results for Q4 & 12M FY21 today. Operational and Financial Highlights –FY21 vs FY20 (Standalone) Sanctions – Rs. 1,54,821 crore vs.Rs. 1,10,908

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REC to Support Education Project of Haryana CSR Advisory Board

REC to Support Education Project of Haryana CSR Advisory Board

🕔12:54, 12.Apr 2021

REC Limited, a leading NBFC, through its CSR arm REC Foundation has committed financial assistance to the tune of ₹ 1.01 crore under its CSR initiative to Haryana CSR Advisory Board. As part of the project, more than 10,000 candidates

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PFC and REC reduce lending rates

PFC and REC reduce lending rates

🕔19:53, 31.Mar 2021

New Delhi, Mar 31  PFC and REC, Navratna CPSEs under Ministry of Power, are the prime financiers of Indian Power Sector capturing a significant market share in financing Indian Power Sector. PFC and REC as group companies have been aligning

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PFC secured 2nd runner-up position in Power Cup 2021 T-20 Cricket Tournament

PFC secured 2nd runner-up position in Power Cup 2021 T-20 Cricket Tournament

🕔04:43, 25.Mar 2021

NEW DELHI . Power Finance Corporation Ltd secured 2nd runner-up position in the recently concluded Power Cup 2021 (Delhi) T-20 Cricket Tournament. Power Cup 2021 (Delhi) was organized by NHPC. A total of 8 teams including teams from the Ministry

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REC provides funding for Tata Memorial Centre

REC provides funding for Tata Memorial Centre

🕔17:50, 17.Mar 2021

Power sector behemoth and one of India’s largest NBFCs, REC Limited through its CSR arm REC Foundation has committed financial assistance to the tune of ₹ 4.33 crore under its CSR initiative to Tata Memorial Centre for strengthening cancer screening

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