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REC Limited wins Platinum at Titan Business Awards

REC Limited wins Platinum at Titan Business Awards

🕔18:53, 30.May 2022

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

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Vivek Kumar Dewangan takes charge as Chairman & Managing Director of REC Limited

Vivek Kumar Dewangan takes charge as Chairman & Managing Director of REC Limited

🕔10:26, 19.May 2022

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

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RECPDCL commits CSR support to Healthy Aging India for providing cost-effective living facility

RECPDCL commits CSR support to Healthy Aging India for providing cost-effective living facility

🕔07:09, 7.Apr 2022

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

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‘Bijli Utsav’ organized by REC in 4 states as part of Azadi Ka Amrit Mahotsav

‘Bijli Utsav’ organized by REC in 4 states as part of Azadi Ka Amrit Mahotsav

🕔05:22, 1.Apr 2022

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

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REC partners with EPIC India to improve the performance of DISCOMS

REC partners with EPIC India to improve the performance of DISCOMS

🕔11:54, 16.Mar 2022

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

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

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

🕔15:31, 1.Mar 2022

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

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REC commits financial support of ₹7.50 Cr to Mizoram State Sports Council (MSSC) for construction of Motorsports Race Track and Sports Complex

REC commits financial support of ₹7.50 Cr to Mizoram State Sports Council (MSSC) for construction of Motorsports Race Track and Sports Complex

🕔14:51, 17.Feb 2022

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

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REC Q3 results: Net profit up 23% at Rs 2,773 cr

REC Q3 results: Net profit up 23% at Rs 2,773 cr

🕔19:29, 4.Feb 2022

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

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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

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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

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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,

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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

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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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Power Minister takes review meetingon performance of REC ad PFC

Power Minister takes review meetingon performance of REC ad PFC

🕔10:10, 6.Oct 2021

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

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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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Pricing of USD 400 million 2.75% fixed rate senior unsecured dollar notes of 5.5 year tenor by REC Limited

Pricing of USD 400 million 2.75% fixed rate senior unsecured dollar notes of 5.5 year tenor by REC Limited

🕔05:46, 7.Jul 2021

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

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REC to set up 1000 LPM Oxygen Generation Plant in Uttarakhand

REC to set up 1000 LPM Oxygen Generation Plant in Uttarakhand

🕔13:39, 1.Jun 2021

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

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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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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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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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