REC Raises ₹5,635 Cr Through Private Placement of Bonds
Gurgaon (Staff Correspondent): REC Limited, a Maharatna CPSU and a leading NBFC under the Ministry of Power, has successfully raised ₹ 5,635 crore through private placement of bonds. The offering included ₹ 3,000 crore through 2 years 8 Month bonds at coupon of 6.52% p.a. and ₹ 2,635 crore through 10-years 11 months bonds at coupon of 6.81% p.a. The […]
REC Limited Inaugurates Swachhata Pakhwada 2025
Gurgaon (Staff Correspondent): REC Limited, a Maharatna CPSU under the Ministry of Power and a leading NBFC, today commenced Swachhata Pakhwada 2025, a fortnight-long cleanliness and awareness campaign to be observed from 16th May to 31st May 2025, across its offices in the country. The initiative aligns with the Government of India’s overarching objective to […]
REC Profit at ₹15,713 Cr for FY25
Delhi (Staff Correspondent): The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the year ended March 31, 2025. Operational and Financial Highlights: Q4 FY25 vs Q4 FY24 (Standalone) – Disbursements: ₹45,538 crore Vs ₹39,374 crore, up by 16% – Net interest income: ₹5,876 crore Vs ₹4,263 crore, up by 38% – […]
REC Successfully Raises Rs 5,000 Cr Through Bond Issuance
New Delhi (Staff Correspondent): REC Limited, a leading public sector enterprise under the Ministry of Power and a premier non-banking finance company, has successfully raised Rs 5,000 crore through the issuance of bonds. The offering included Rs 3,000 crore through 5-year bonds at coupon of 6.87 % and Rs 2,000 crore through 10-year bonds at […]
REC Limited Signs MoU with MMRDA for ₹1 Lakh Crore Investment in Mumbai Metropolitan Region
Mumbai (Staff Correspondent): REC Limited, a Maharatna CPSU under the Ministry of Power and a prominent NBFC, has entered into a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide financial support of ₹1 lakh crore for infrastructure development in the Mumbai Metropolitan Region (MMR). The agreement was formally signed […]
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
Greater Noida (Business Desk): REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Ratle Kiru Power Transmission Limited to IndiGrid 2 Private Limited on […]
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Greater Noida (Business Desk): REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over 3 Nos. project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission […]
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
Greater Noida (Business Desk): REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit […]
REC Inaugurates State-of-the-Art Experience Centre
New Delhi (Staff Correspondent): REC Limited on Friday inaugurated a cutting-edge Experience Centre at its headquarters in Gurugram. The inauguration was led by CMD Shri Vivek Kumar Dewangan in the presence of the Board of Directors of REC Limited. The newly launched Experience Centre is designed to showcase REC’s contributions to the power and infrastructure […]
REC Signs MoU With MP Govt to Support Power Sector With Rs 21,000 Crore Commitment
Bhopal (Business Desk): The Rural Electrification Corporation Limited (REC Limited) has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh at the Global Investors Summit 2025 in Bhopal. Under this agreement, REC has committed to providing financial support of Rs 21,000 crore over the next five years for the development of power […]