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, […]
RECPDCL Handovers Rajasthan IV 4A Power Transmission Limited to Power Grid Corporation of India Limited
Greater Noida (National 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, has handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV 4A Power Transmission Limited to Power Grid Corporation of India Limited on 30th December, 2024 […]
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 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 […]
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 Wins Prestigious Golden Peacock Award 2024 for Excellence in Corporate Governance
Gurugram (Business Desk), December 05: Rural Electrification Corporation Limited (REC Limited), a Maharatna CPSU under Ministry of Power and a leading NBFC, has been honoured with Golden Peacock Award 2024 for Excellence in Corporate Governance. The award was presented by the Golden Peacock Awards Secretariat and Institute of Directors in a ceremony held in London. […]
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. […]
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 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 […]