In Short : REC secures a $200 million green loan from Deutsche Bank. This funding will support REC’s renewable energy projects, promoting sustainable development and contributing to India’s green energy goals. In Detail : This facility marks the first successful collaboration between an Indian government entity and Deutsche Bank AG’s GIFT City branch, setting a […]
REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ
In Short : REC’s loan sanctions surged 24% to ₹1.12 lakh crore in Q1, with ₹40,000 crore allocated for renewable energy projects. This growth highlights REC’s focus on supporting India’s renewable energy sector and infrastructure development. In Detail : REC Ltd’s loan sanctions grew 24.17% to Rs 1.12 lakh crore in Q1 FY25, with Rs […]
REC plans to raise up to Rs 6,000 crore through two bonds – EQ
In Short : REC intends to raise up to Rs 6,000 crore through two bonds on Friday. This strategic move aims to secure capital for further expansion and investment opportunities, strengthening REC’s position in the energy finance sector. In Detail : The company has invited bids for the same on Friday. The NCDs have been […]
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat – EQ
In Short : REC has received approval from the RBI to establish a subsidiary in GIFT City, Gujarat. This move aligns with efforts to expand operations and investment opportunities in the region, fostering economic growth and development in Gujarat’s financial hub. In Detail : REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry […]
REC Ltd Secures Japanese Green Loan – EQ
In Short – REC Ltd successfully secures a Japanese Green Loan, furthering its commitment to sustainable financing. This landmark achievement signifies REC Ltd’s dedication to environmentally responsible initiatives and strengthens its position in the global green finance landscape. In Details – REC Ltd, a Maharatna Central Public Sector Enterprise (CPSE) and leading Non-Banking Financial Company […]
REC wins SKOCH ESG Award 2024 in Renewable Energy Financing Category – EQ
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, […]