REC wins SKOCH ESG Award 2024 in Renewable Energy Financing Category In Short – REC has been honored with the SKOCH ESG Award 2024 in the Renewable Energy Financing category. This recognition underscores REC’s commitment to environmental, social, and governance (ESG) principles while financing renewable energy projects. Such accolades reinforce REC’s leadership in sustainable financing, […]
REC receives ‘Innovative Technology Development Award’ at IIT Madras CSR Summit for its 2 MW Rooftop Solar Plant at IIT – EQ
In Short : REC (Rural Electrification Corporation) has been honored with the ‘Innovative Technology Development Award’ at the IIT Madras CSR Summit for its 2 MW Rooftop Solar Plant at IIT. This recognition highlights REC’s innovative contributions to technology development in the renewable energy sector, particularly in the implementation of a significant rooftop solar project […]
REC wins Best Green Bond – Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024 – EQ
In Short : REC (Rural Electrification Corporation) has been honored with the Best Green Bond – Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024. This recognition underscores REC’s excellence in sustainable finance and commitment to green initiatives. In Detail : REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry […]
REC to collaborate with NIIFL for financing renewable, infra projects – EQ
In Short : REC Limited is set to collaborate with the National Investment and Infrastructure Fund Limited (NIIFL) to provide financing solutions for renewable energy projects and infrastructure projects. This partnership reflects a joint commitment to supporting and advancing sustainable initiatives in the renewable energy and infrastructure sectors. In Detail : Both entities have signed […]
REC records its highest ever 9-month profit at ₹ 10,003 crores
REC records its highest ever 9-month profit at ₹ 10,003 crores The Board of Directors of REC Limited today approved the unaudited standalone and consolidated financial results for the quarter & period ended 31st December 2023. Operational and Financial Highlights: Q3 FY24 vs Q3 FY23 (Standalone) Loan Sanctions: ₹ 1,32,049 crores vs. ₹ 47,712 crores, […]
REC to raise about Rs 3,500 crore via yen-denominated green bonds – EQ
In Short : Rural Electrification Corporation Limited (REC) aims to raise approximately Rs 3,500 crore through yen-denominated green bonds. This initiative reflects REC’s commitment to financing environmentally sustainable projects and contributing to the green bond market. In Detail : The bonds will issued as part of REC’s $10-billion global medium-term note programme, the company said […]
REC Issue Tender for Inter-State Transmission System For Transmission System For Evacuation Of Power From Potential Renewable Energy Zone In Khavda Area Of Gujarat Under Phase-V (8 GW): Part A – EQ
REC Issue Tender for Inter-State Transmission System For Transmission System For Evacuation Of Power From Potential Renewable Energy Zone In Khavda Area Of Gujarat Under Phase-V (8 GW): Part A For more information please see below link:
REC signs 200 million Euro loan agreement with the German bank KfW – EQ
In Short : The Rural Electrification Corporation (REC) has signed a loan agreement of 200 million Euros with the German bank KfW. This financial arrangement likely involves funding for renewable energy or rural electrification projects, fostering collaboration between Indian and German institutions to advance sustainable development initiatives. In Detail : Gurugram, 8 December 2023: REC […]
REC aiming for 30% AUM in renewable energy – EQ
In Short : REC (Rural Electrification Corporation) sets a target of achieving 30% Assets Under Management (AUM) specifically in renewable energy. This strategic goal underscores REC’s commitment to significant investment and support for the growth of renewable energy projects. In Detail : State-run power finance company, REC, is aiming for a bigger share of the […]
REC Honoured with ‘Best Employer in Diversity & Inclusion’ Award by Assocham – EQ
In Short : The award recognizes REC’s commitment to fostering a diverse and inclusive work environment, where employees from all backgrounds are valued and provided with equal opportunities for growth and development. In Detail : REC Limited, a Maharatna CPSE under Ministry of Power, received the “Best Employer for Policies in Diversity & Inclusion” Award […]