In Short : REC Limited sanctioned loans worth ₹3.37 lakh crore in FY25, with disbursements reaching ₹1.91 lakh crore, marking robust growth in India’s power sector financing. The company’s net profit rose 12% to ₹15,713 crore, while net NPA fell to 0.38%. With a total dividend of ₹18 per share, REC continues to support energy […]
Jitendra Srivastava Appointed CMD of REC Limited to Lead Rural Electrification Efforts – EQ
In Short : Jitendra Srivastava, a 2000-batch IAS officer, has been appointed as the Chairman and Managing Director (CMD) of REC Limited. Previously serving as Joint Secretary in the Ministry of Jal Shakti, Srivastava brings vast experience across multiple sectors. He will now lead REC Limited in financing and promoting rural electrification projects, advancing India’s […]
REC Limited Commits ₹8.44 Crore Under CSR to support 1MW solar photovoltaic power plant in the Gandhigram Rural Institute, Tamil Nadu – EQ
In Short : REC Limited has pledged ₹8.44 crore under its CSR initiative to support the installation of a 1MW solar photovoltaic power plant at the Gandhigram Rural Institute in Tamil Nadu. This project aims to promote sustainable energy practices, reduce the institution’s carbon footprint, and enhance energy efficiency, contributing to the broader goal of […]
REC Limited Disburses ₹54,692 Crore in Q3 FY25; Renewable Energy Loans Surge by 58pc – EQ
In Short : REC Limited disbursed an impressive ₹54,692 crore in Q3 FY25, marking a robust performance. Renewable energy loans surged by 58%, reflecting REC’s commitment to green energy and sustainability. This growth aligns with India’s renewable energy goals, as REC continues to fund solar, wind, and other clean energy projects, driving the transition towards […]
REC incorporates new subsidiary for Rajasthan Power Transmission Project – EQ
In Short : REC Limited has established a new subsidiary specifically for the Rajasthan Power Transmission Project. This move aims to enhance the state’s power infrastructure by improving transmission networks, supporting the integration of renewable energy sources, and bolstering overall grid reliability. The subsidiary will focus on executing the project efficiently, contributing to Rajasthan’s energy […]
REC Limited avails SACE-Covered Green Loan for ~ 60.5 Billion Japanese Yen – EQ
In Short : Green Loan Facility to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions In Detail : In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a […]
REC Limited to extend term loan of ₹ 1, 869 crores for Kiru Hydro Electric Project in Kishtwar, J&K – EQ
In Short : “REC Limited to provide a term loan of ₹1,869 crores for the Kiru Hydro Electric Project in Kishtwar, Jammu & Kashmir, supporting the development of clean energy infrastructure in the region.” In Detail : REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has signed […]
REC Limited to finance power & infrastructure projects in Rajasthan worth Rs. 20,000 crores annually for next six years – EQ
In Short : REC Limited is set to finance power and infrastructure projects in Rajasthan worth Rs. 20,000 crores annually for the next six years. This financial commitment reflects REC’s support for the development of power and infrastructure projects in the state, contributing to economic growth and energy infrastructure enhancement in Rajasthan. In Detail : […]
REC Limited joins hands with UNISED to support Education of Children in Siddharthnagar, Uttar Pradesh – EQ
In Short : REC Limited has collaborated with UNISED to support the education of children in Siddharthnagar, Uttar Pradesh. This partnership emphasizes corporate social responsibility, with a focus on enhancing educational opportunities and contributing to the well-being of communities in the region. In Detail : REC Limited, a Maharatna Central Public Sector Enterprise under the […]
REC Limited successfully lists two bonds on NSE and BSE, worth ₹ 2,500 crores and ₹ 2,875 crores – EQ
REC Limited successfully lists two bonds on NSE and BSE, worth ₹ 2,500 crores and ₹ 2,875 crores In Short – REC Limited achieves a significant milestone by successfully listing two bonds on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The bonds are valued at ₹2,500 crores and ₹2,875 crores […]