The state-owned power generation company, SVJN Ltd, has announced in three separate exchange filings that it has signed an MoU with REC, has received approval from its board to acquire an additional stake in Cross Border Power Transmission Company, and its subsidiary SJVN Green Energy has received an LOI from Punjab State Power Corporation. SJVN […]
REC, Avaada Group sign pact for energy projects worth Rs 20,000 crore – EQ Mag
The MoU was signed between REC officials and Avaada Group Chairman Vineet Mittal at the sidelines of the ongoing G20 Clean Energy Ministerial meeting in Goa Rural Electrification Corporation (REC) has signed a memorandum of understanding with Avaada Group to fund its energy transition projects worth Rs 20,000 crore. The MoU was signed between REC […]
REC organizes ‘Bijli Utsav’ in Ranchi as part of Azadi Ka Amrit Mahotsav – EQ Mag
As part of ‘Azadi Ka Amrit Mahotsav’, REC Limited, a Maharatna Company under the Ministry of Power, Government of India, organized ‘Bijli Utsav’ in Ranchi, Jharkhand on 29th June, 2023. Citizens from villages who benefited from various government schemes in the power sector shared their experiences and views on how electricity transformed their lives. The […]
REC plans to increase loan book by two-fold to Rs 10 lakh crore by 2030 – EQ Mag
State-owned non-banking finance firm REC Ltd is planning to increase its loan book over two-fold to Rs 10 lakh crore by 2030, including Rs three lakh crore for renewable energy projects. This assumes significance given India’s ambitious target of having 500GW of renewable energy capacity by 2030. REC Ltd’s loan book is Rs 4.35 lakh […]
REC to provide Rs 21,086 cr financial assistance to MP discoms, MPPMCL, Rewa Ultra Mega Solar project – EQ Mag
State-owned REC Ltd will extend financial assistance worth Rs 21,086 crore to discoms in Madhya Pradesh, MP Power Management Company Ltd & Rewa Ultra Mega Solar project. REC has inked three separate pacts with MP Power Management Company Limited (MPPMCL), discoms in Madhya Pradesh and Rewa Ultra Mega Solar Ltd to this effect. An MoU […]
REC inks three strategic MoUs in backdrop of Madhya Pradesh Global Investors Summit 2023 – EQ Mag
Madhya Pradesh Global Investors Summit 2023 draws interest both at the national and international stage REC inked first MoU with MP Power Management Company Limited (MPPMCL), to extend financial assistance of ₹15,086 crores Second MoU with Rewa Ultra Mega Solar Ltd. (RUMSL) wherein REC will commit a sum of ₹1,000 crores as financial assistance for […]
‘Bijli Utsav’ organized by REC in Assam as a part of Azadi Ka Amrit Mahotsav – EQ Mag
Event witnesses speaker sessions by utility officials highlighting consumer rights of electricity, benefits of electricity and the challenges faced during electrification in remote areas and how the quality of life improves with access to power Quiz competition and Nukkad Natak held to impart knowledge on subjects such as consumer rights of electricity, energy conservation and […]
‘Bijli Utsav’ organized by REC in Gujarat as a part of Azadi Ka Amrit Mahotsav – EQ Mag
‘Bijli Utsav’ organized by REC in Gujarat as a part of Azadi Ka Amrit Mahotsav Event witnesses speaker sessions by utility officials highlighting consumer rights of electricity, benefits of electricity and the challenges faced during electrification in remote areas and how the quality of life improves with access to power Quiz competition and Nukkad Natak […]
REC signs MoU with PFC for FY 2022-23 – EQ Mag
REC Limited signed an MoU with PFC on 29th November 2022, as per the DPE Performance Evaluation System for FY 2022-23 for CPSEs. Shri Vivek Kumar Dewangan, CMD, REC signed the MoU with Shri Ravinder Singh Dhillon, CMD, PFC in the presence of Shri Ajoy Choudhury, Director(Finance), REC, Shri V.K. Singh, Director(Technical), REC, Shri Manoj […]
Submission of requisite documents for claiming exemption from TDS or deduction of tax at lower rates, on the dividend to be paid to shareholders – EQ Mag Pro
Submission of requisite documents for claiming exemption from TDS or deduction of tax at lower rates, on the dividend to be paid to shareholders. For more information please see below link: