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Tag: REC

Corporate

REC records highest ever Quarterly profit at Rs 3,773 crore

November 1, 2023November 1, 2023 - by Editor - Leave a Comment

REC Limited on Wednesday declared the second interim dividend of Rs 3.50 per share for the financial year 2023-24.

REC records highest ever Quarterly profit at Rs 3,773 crore Read More
Corporate

REC declares Rs 3.50 second interim dividend, sets record date

November 1, 2023November 1, 2023 - by Editor - Leave a Comment

The company has fixed November 13 as the record date for determining the members entitled to receive the interim dividend

REC declares Rs 3.50 second interim dividend, sets record date Read More
Corporate

REC arm delivers SPV to PowerGrid for renewable power evacuation from Rajasthan

October 27, 2023October 27, 2023 - by Editor - Leave a Comment

With the handing over of the above SPV, RECPDCL successfully handed over 54 transmission projects till now costing around Rs 75,000 crore.

REC arm delivers SPV to PowerGrid for renewable power evacuation from Rajasthan Read More
Corporate

REC inks MoU with Bank of India to co-finance projects worth Rs 30,000 crore

October 19, 2023October 19, 2023 - by Editor - Leave a Comment

REC and BoI will partner to co-finance loans amounting to Rs 30,000 crore for projects implementable in 5 years.

REC inks MoU with Bank of India to co-finance projects worth Rs 30,000 crore Read More
Corporate

REC incorporates two subsidiary companies

October 6, 2023October 6, 2023 - by Editor - Leave a Comment

REC Limited has incorporated the wholly owned subsidiaries namely ‘Khavda IV C Power Transmission Limited’ and ‘Khavda IV – E2 Power Transmission Limited.

REC incorporates two subsidiary companies Read More
Corporate

CCI approves Lanco Amarkantak acquisition by REC, PFC, SJVN and DVC

October 3, 2023October 3, 2023 - by Editor - Leave a Comment

LAPL is an unlisted public limited company engaged in power generation in India. The planned capacity of the project, located in Chhattisgarh’s Korba district, is 1920 MW.

CCI approves Lanco Amarkantak acquisition by REC, PFC, SJVN and DVC Read More
Corporate

REC transfers entire stake of Ramgarh-II transmission to Power Grid

September 27, 2023September 27, 2023 - by Editor - Leave a Comment

The process for sale and transfer of the said SPV to the successful bidder(s) is expected to complete during the financial year 2023-24

REC transfers entire stake of Ramgarh-II transmission to Power Grid Read More
Corporate

REC and PNB sign MoU to co-finance Infrastructure projects

September 26, 2023September 26, 2023 - by Editor - Leave a Comment

REC and PNB will associate with each other to co-finance loans amounting to Rs 55,000 crore over the next three years.

REC and PNB sign MoU to co-finance Infrastructure projects Read More
Corporate

Serentica secures Rs 3000 crore from REC, completes debt funding for energy projects

September 25, 2023September 25, 2023 - by Editor - Leave a Comment

Serentica raised a total of INR ~5600 crores debt funding from two of the biggest public sector lenders – REC and PFC

Serentica secures Rs 3000 crore from REC, completes debt funding for energy projects Read More
Corporate

REC arm transfers entire shareholdings of Beawar Transmission to Sterlite Grid 27

September 20, 2023September 20, 2023 - by Editor - Leave a Comment

The stake was held by REC Power Development and Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, which was incorporated in July, 2007.

REC arm transfers entire shareholdings of Beawar Transmission to Sterlite Grid 27 Read More

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