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
New Delhi, 23rd February 2021: REC Limited (formerly known as “Rural Electrification Corporation Limited”) has successfully raised USD 500 million 5.5-year Reg-S only bond issued under its Global Medium Term Programme of USD 7 billion. Proceeds of the bond will be used to
New Delhi, Feb 23 REC Limited was conferred the ‘CSR Shining Star Award’ for its endeavors in the field of “Women Empowerment”. The CSR Shining Star Awards instituted by the Wockhardt Foundation were presented at Raj Bhavan, Mumbai. On behalf of
A launching Programme of Furniture (desks, chairs, tables, green boards) to 170 Government Schools and learning material for about 5000 Out of School Students and adult illiterates received from CSR funds of REC Limited was held at the DC
REC Limited was conferred the runner up award for Corporate Governance (Maharatna & Navratna Category) at the 10th PSE Excellence Awards organized by Indian Chambers of Commerce (ICC).The award nominations witnessed more than 60 entries across various categories. The PSE
संसदीय राजभाषा समिति की दूसरी उपसमिति ने 03 अक्टूबर, 2020 को आरईसी निगम कार्यालय, नई दिल्ली का निरीक्षण किया। इस दौरान समिति ने कंपनी के हिंदी कार्यों की समीक्षा की और हिंदी के प्रचार-प्रसार के लिए कंपनी द्वारा किए जा रहे प्रयासों की सराहना की।
REC foundation, the CSR arm of REC Limited has funded the setting up of a 2 MW solar power plant at IIM Tiruchirapalli. The inauguration of the power plant was held online through a digital platform. Chief Guest, Shri SK
New Delhi, Sep 26 The 51st Annual General Meeting (AGM) of REC Limited was held through Video Conferencing/Other Audio Visual Means. The meeting was held in the presence of S K Gupta – CMD REC Limited, Ajoy Choudhary – Director
New Delhi, July 24 REC Limited’s coffee table book was launched on the eve of their 51st Foundation Day by the Minister of State (IC) for Power and New and Renewable Energy RK Singh in the presence of Power Secretary Sanjiv
 |
 |
 |
|---|---|---|
 |
 |
 |
 |
 |
 |
