REC Limited Sweeps 29th Inter-CPSU Badminton Tournament with Gold in All Categories
Noida (Business Desk), December 7: REC Limited has achieved a historic feat by sweeping the 29th Inter-CPSU Badminton Tournament organized under the aegis of the Power Sports Control Board (PSCB), Ministry of Power, and hosted by NTPC Ltd from December 4 to December 7, 2024, at Noida Stadium. REC clinched Gold medals in all three categories […]
REC Bags ‘Best Corporate Film’ Award at 8th NMC
Gurugram (Staff Correspondent), November 26: The public finance company Rural Electrification Corporation Limited (REC) has received an award in ‘Best Corporate Film’ category among Central Public Sector Enterprises during 8th National Media Conclave (NMC) 2024. The award was received on behalf of REC by Shri Tekkam Sridhar, Senior General Manager and CPM (Bhubaneswar Regional Office). […]
REC Limited receives Adam Smith Awards ASIA 2024 for Best Funding Solution
Singapore (Staff Correspondent), November 15: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has been honored with the Adam Smith Awards ASIA 2024 in the “Best Funding Solution” category. The award was presented at a ceremony held in Singapore by Ms. Sophie Jackson, Joint Publisher at Treasury Today Group. […]
RECPDCL Transfers Rajasthan-IV H-1 Power Transmission Limited to Power Grid Corporation of India
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 a project specific SPV (Special Purpose Vehicle). viz, Rajasthan-IV H-1 Power Transmission Limited to M/s Power Grid Corporation of India Limited (PGCIL) on 15th October 2024 at Gurugram. M/s […]
REC Limited Disburses ₹90,955 Crore in H1 FY25; Green Loans Surge by 92.68% to ₹11,297 Crore
Gurgaon, 5 Oct 2024: REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. In Q2 FY24-25, REC disbursed loans amounting to […]
REC Raises CBDT Notified Zero Coupon Bonds of Rs 5000 crore
Gurgaon, 30 Sep 2024: REC Limited has successfully raised CBDT notified Zero Coupon Bonds (ZCB) of Rs 5,000 crore at the effective yield of 6.25 % p.a. REC bonds received tremendous response from the market as the bond was oversubscribed 7 times over the issue size of Rs. 5,000 Crore. The bond issuance was rated […]
REC signs MoU with RE developers for ₹ 1.12 lakh crore during 4th RE-INVEST
Gandhinagar/Gurugram: Rural Electrification Corporation Ltd (REC Limited), a Maharatna CPSU under the Ministry of Power and a leading NBFC, has signed Memorandum of Understanding (MoU) during 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) in Gandhinagar with RE developers aggregating about ₹ 1.12 lakh crore which will be implemented over a period of […]
REC Limited Honoured as “Nodal Agency of the Year”
New Delhi – REC Limited, a Maharatna CPSU under the Ministry of Power and a leading NBFC, has been conferred with the prestigious “Nodal Agency of the Year” award at the Bharat Electricity – Powering India Awards 2024. This esteemed recognition is a testament to REC’s innovative initiatives and leadership in the energy sector, driving […]
REC Limited holds 55th AGM, releases its first sustainability report
Gurugram, 20 August 2024: The 55th Annual General Meeting (AGM) of the REC Limited was held today through video conferencing. Vivek Kumar Dewangan, Chairman & Managing Director, REC Limited chaired the meeting and was attended by all the Directors on the Board of the Company. Many shareholders were present at the meeting through Video Conferencing. […]