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 […]
RECPDCL Handovers 2 No. of SPVs of Transmission Projects viz., Bidar Transco Limited and Khavda V-B1B2 Power Transmission Limited to Power Grid Corporation of India Limited
New Delhi (Staff Correspondent): 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 2 No. of project specific SPVs (Special Purpose Vehicle) of ISTS Transmission Projects under TBCB route viz, Bidar Transco Limited and Khavda V-B1B2 Power Transmission […]
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 Commits ₹8.44 Crore Under CSR to Support 1MW Solar Photovoltaic Power Plant in Tamil Nadu
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 the Gandhigram Rural Institute under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹8.44Cr. for establishing 1MW multitechnology ground mounted, grid connected solar photovoltaic power […]
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 […]