REC Foundation Commits ₹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Chennai (Business Desk): REC Limited, through its CSR arm, REC Foundation, has signed a Memorandum of Association (MoA) with Sankara Eye Hospital, Pammal, Chennai wherein REC committed ₹6.00 Crore for the project ‘Eye Care for All’ – an initiative to provide support to 8,000 beneficiaries for cataract surgery. The MoA was formalized on February 17, 2025, […]
REC Signs Agreement with CVPPL to provide ₹2147.508 Cr Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
Jammu (Business Desk): REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a term loan of ₹2147.508 crore (Rupees Two Thousand One Hundred Forty-Seven Crore & Fifty Lakh Eighty Thousand only). The loan will be utilized for […]
REC Declares 3rd Interim Dividend of ₹4.30 Per Share; Net Profit Up 23% to ₹4,029 Crore
New Delhi (Business Correspondent): The Board of Directors of REC Limited on Thursday approved the limited reviewed standalone and consolidated financial results for the period ended December 31, 2024. Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone) – Net Profit: ₹4,029 crore Vs ₹3,269 crore, up by 23% – Net interest income: ₹4,930 crore Vs ₹4,153 crore, up […]
REC wins Gold Shield in ICAI Award for Excellence in Financial Reporting for the Financial Year 2023-24
Gurugram (Business Desk): REC Limited, a Maharatna Public Sector Enterprise and a leading NBFC- IFC under the Ministry of Power, Government of India, has been awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’. The prestigious recognition reflects […]
REC Limited Flags Off Mobile Medical Units Funded with ₹4.29 Crore to Strengthen Healthcare Services in Punjab
Greater Noida (Business Desk): REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, under its flagship CSR initiative Mobile Medical Units has committed ₹4.29 crore for the procurement and deployment of four Mobile Medical Units (MMUs) in 4 districts of Punjab. These units, handed over to the Indian Red Cross […]
REC Commits ₹2.01 Cr Under CSR to Support Procurement of Health Equipments in Chhattisgarh
Gurugram (Business Desk): REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the District Health Society (DHS) Raipur under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹2.01 crore for the procurement of health equipment for three Community […]
REC disburses ₹54,692 Crore loan in Q3 FY25; Green loans up by 58.09% to ₹6,314 Crore
Gurugram, 03 January 2025: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹54,692 crore, up 17.98% year-on-year for the Quarter ended December 31, 2024. The quantum of renewable energy loan disbursements grew 58.09% year-on-year to ₹6,314 crore in the corresponding period. For 9-months (Q1-Q3) FY24-25, […]
REC Commits Rs. 2.92 Crore Under CSR to Enhance ITBP Medical Infrastructure
Greater Noida (Business Desk):REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Indo-Tibetan Border Police (ITBP) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 2.92 Cr. for the procurement of medical equipment/items in the field hospitals […]
REC Commits Rs. 14 Crore Under CSR for Advanced Cancer Treatment in Uttar Pradesh
Greater Noida (Business Desk): Rural Electrification Corporation Limited (REC Limited) has signed a Memorandum of Agreement (MoA) with Sevarth Sansthan Seth Bimal Kumar Jain Trauma & Physiotherapy Dharmarth Samiti (SSB) under its Corporate Social Responsibility (CSR) initiative to provide financial assistance of Rs. 14 crore for the procurement of Linear Accelerator (LINAC) machine in Trauma […]
REC Partners with THDC, Allocates ₹3.97 Crore CSR Fund for Olympic-Size Swimming Pool in Tehri
New Delhi (Business Desk), December 13: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MOA) with THDC India Limited (THDCIL) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 3.97 crore for the development of an Olympic-size swimming pool […]