State-owned REC Ltd on Friday posted nearly 23 per cent rise in consolidated net profit at Rs 2,773.44 crore for December quarter 2021-22 mainly on the back of higher revenues. The company had logged a net profit of Rs 2,257.96 crore in the year-ago period, a BSE filing stated. Total income rose to Rs 10,070.42 […]
Submission of unaudited financial results (standalone & consolidated) of REC for the quarter & nine months ended December 31,2021 and declaration of 3″ interim dividend for the financial year 2021-22 – EQ Mag Pro
Submission of unaudited financial results (standalone & consolidated) of REC for the quarter & nine months ended December 31,2021 and declaration of 3″ interim dividend for the financial year 2021-22. For more information please see below link:
Appointment of Smt. Parminder Chopra, Director (Finance), PFC as a Director on the Board of REC, in place of Shri Praveen Kumar Singh – EQ Mag Pro
Appointment of Smt. Parminder Chopra, Director (Finance), PFC as a Director on the Board of REC, in place of Shri Praveen Kumar Singh. For more information please see below link:
REC achieves a ‘Perfect’ score on MoU parameters for FY21 – the best amongst all CPSEs – EQ Mag Pro
State-owned Non-Banking Financial Company and a ‘Navratna’ enterprise under administrative control of the Ministry of Power, REC Limited has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed […]
REC achieves a ‘Perfect’ score on MoU parameters for FY21 – EQ Mag Pro
State-owned Non-Banking Financial Company and a ‘Navratna’ enterprise under administrative control of the Ministry of Power, REC Limited has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed […]
PFC-REC make further reduction in lending rates – EQ Mag Pro
State-owned Non-Banking Financial Companies, Power Finance Corporation and REC Limited have further reduced their lending rates across all types of loans by 40 Bps. Union Minister for Power and New & Renewable Energy Shri R.K. Singh expressed satisfaction at the continued efforts by both companies to reduce rates and remain competitive. Shri Singh said that […]
REC closes Largest-ever Syndicated Term Loan by an Indian NBFC with USD 1,175 Million Term Loan – EQ Mag Pro
In a landmark transaction, REC Limited (REC) successfully raised USD 1,175 Million from a consortium of seven banks as the Mandated Lead Arrangers and Bookrunners (MLABs). This is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC. The deal, benchmarked to USD LIBOR, was anchored by seven Indian […]
Petition for directions to the Respondents, National Load Despatch Centre, the Central Agency and Odisha Renewable Energy Development Agency, the State Nodal Agency for the accreditation and registration of the Petitioner under the REC mechanism and consequent reliefs – EQ Mag Pro
Petition for directions to the Respondents, National Load Despatch Centre, the Central Agency and Odisha Renewable Energy Development Agency, the State Nodal Agency for the accreditation and registration of the Petitioner under the REC mechanism and consequent reliefs. For more information please see below link:
IN THE MATTER OF:- Determination of Average Pooled Power Purchase Cost (APPC) for the financial year 2021-22 under REC mechanism – EQ Mag Pro
IN THE MATTER OF:- Determination of Average Pooled Power Purchase Cost (APPC) for the financial year 2021-22 under REC mechanism. For more information please see below link:
REC avails ODA loan of USD 169.5 million from KfW Development Bank – EQ Mag Pro
REC Limited has entered into an agreement with KfW Development Bank for availing ODA term loan of USD 169.5 million under Indo-German Bilateral Partnership in accordance with the approval granted by Department of Economic Affairs, Ministry of Finance, Govt. of India. Proceeds of ODA loan will be deployed for part financing of innovative Solar PV […]