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Tag "rural electrification corporation"

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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PRICING OF USD 500 MILLION 2.25% FIXED RATE SENIOR UNSECURED DOLLAR NOTES OF 5.5 YEAR TENOR BY REC LIMITED

PRICING OF USD 500 MILLION 2.25% FIXED RATE SENIOR UNSECURED DOLLAR NOTES OF 5.5 YEAR TENOR BY REC LIMITED

🕔16:32, 24.Feb 2021

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

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REC Limited conferred the ‘CSR Shining Star Award’

REC Limited conferred the ‘CSR Shining Star Award’

🕔11:42, 23.Feb 2021

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

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REC sponsors furniture and learning material in Mamit district, Mizoram

REC sponsors furniture and learning material in Mamit district, Mizoram

🕔18:05, 25.Nov 2020

  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

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REC conferred the PSE Excellence Award

REC conferred the PSE Excellence Award

🕔05:14, 13.Oct 2020

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

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संसदीय राजभाषा समिति की दूसरी उपसमिति ने 03 अक्टूबर, 2020 को आरईसी निगम कार्यालय, नई दिल्ली का निरीक्षण किया

संसदीय राजभाषा समिति की दूसरी उपसमिति ने 03 अक्टूबर, 2020 को आरईसी निगम कार्यालय, नई दिल्ली का निरीक्षण किया

🕔14:40, 8.Oct 2020

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।

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REC supports setting up of 2 MW Solar Power plant at IIM Tiruchirapalli

REC supports setting up of 2 MW Solar Power plant at IIM Tiruchirapalli

🕔05:13, 3.Oct 2020

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

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REC holds its 51st Annual General Meeting

REC holds its 51st Annual General Meeting

🕔15:35, 28.Sep 2020

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

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Power Minister launches REC Limited’s coffee table book

Power Minister launches REC Limited’s coffee table book

🕔17:16, 18.Aug 2020

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

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