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
Gurugram, May 17 Vivek Kumar Dewangan (IAS,MN..1993) took charge as CMD of REC Limited. Speaking on the occasion, Dewangan said “REC is a corporation of national importance and has always been and shall continue to be the Government’s biggest partner
Gurugram, 7th April 2022: Being a responsible and responsive corporate citizen while also acknowledging its responsibility towards the society, more so, towards the needy and less served elderly people, REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary
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, Mar 15 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 subsidiary
Gurugram, 28th 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 Babura village in Bhojpur district near Patna
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, 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, 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
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
New Delhi, Oct 06 R.K. Singh, Union Minister of Power and New & Renewable Energy reviewed the performance of REC and PFC Limited on 4th and 5th October 2021 respectively, in the presence of Minister of State for Power Krishan Pal, Secretary
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
New Delhi, 6th July 2021: REC Limited (formerly known as “Rural Electrification Corporation Limited”) announced that it has successfully raised USD 400 million 5.5-year Reg S only bond issued off its Global Medium-Term Programme of USD 7 billion. Proceeds of the bond
Set up 1000 LPM PSA Oxygen Generation Plant Procurement of 22 oxygen concentrators and 200 fowler beds with wheels also part of the MoA, thus the initiative will also increase the bed capacity of the hospital from 250 to 450
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
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
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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