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
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 […]
REC Issue Tender for Transmission system for evacuation of power from Rajasthan REZ Ph-IV (5.5 GW) – EQ
REC Issue Tender for Transmission system for evacuation of power from Rajasthan REZ Ph-IV (5.5 GW) For more information please see below link:
REC commits over Rs 40,000 cr for projects in Odisha – EQ
In Short : REC (Rural Electrification Corporation), a leading public sector financial institution in India, has pledged to invest over Rs 40,000 crore in various projects in Odisha. This commitment reflects REC’s dedication to supporting the state’s development initiatives, particularly in the renewable energy sector. The funds will likely be allocated to renewable energy projects, […]
REC to finance 2 green hydrogen, thermal project worth Rs 40,000 crore – EQ
In Short : REC Limited, a leading Indian public sector financial institution, has announced plans to finance two major green hydrogen and thermal projects with a combined worth of Rs 40,000 crore. This significant investment underscores India’s commitment to the green energy transition and the development of clean technologies. The financing will likely support the […]
REC inks MoU with NICSI for ICT and Digital Transformation – EQ
The REC (formerly Rural Electrification Corporation Limited) – a ‘Maharatna’ company under the the Ministry of Power, has signed a Memorandum of Understanding (MoU) with M/s National Informatics Centre Services Inc. (NICSI) under National Informatics Centre (NIC), Ministry of Electronics & Information Technology, Government of India for various Information & Communications Technology (ICT) and Digital […]