REC Limited has announced its financial results for the financial year (FY) 2025-26. The company has reported an annual net profit of Rs 162.82 billion and a total dividend of Rs 18.55 per share for […]
PFC Limited has acquired 52.63 per cent of the Government of India’s stake in Rural Electricification Corporation (REC) Limited. This move comes as a response to the announcement made in the Union Budget 2026-27, where […]
REC Power Development and Consultancy Limited, a wholly-owned subsidiary of REC Limited, has floated a tender for the development of an interstate transmission system (ISTS). The ISTS will enable the evacuation of 6 GW of […]
Rajesh Kumar began his career at WAPCOS Limited, gaining experience in corporate accounts, taxation, budgeting, banking and investments. After nearly a decade, he joined REC Limited, where he developed strong expertise in power sector financing […]
The REC Limited has approved Rs 75 billion in funding for Brookfield’s 1,040 MW hybrid renewable energy project. The project is situated at Kurnool, Andhra Pradesh, and is being developed by Evren. Furthermore, it features […]
REC Limited has announced its financial results for the first quarter (Q1) of the financial year (FY) 2025-26, ending June 30, 2025. On a standalone basis, the net profit increased by 29 per cent from […]
By Karan Sharma India’s transition to a low-carbon economy has brought green financing instruments to the fore. Among these, bonds, which are fixed-income instruments issued to raise capital, have emerged as a key enabler for […]
REC Limited has received formal approval from the Central Board of Direct Taxes (CBDT), under the Ministry of Finance for the issuance of zero coupon bonds (ZCBs) amounting to Rs 50 billion. The approval allows […]
REC Limited has raised Rs 56.35 billion through a private placement of bonds. The issuance includes Rs 30 billion through bonds with a tenure of 2 years and 8 months carrying a coupon of 6.52 […]
REC Limited has announced its results for the financial year (FY) 2024-25 ending March 31, 2025. For the fourth quarter of FY 2024-25 (Q4 FY 2024-25), the company reported disbursements of Rs 455.38 billion, marking […]
Rural Electrification Corporation (REC) Limited has successfully raised Rs 50 billion through bond issuance. This includes Rs 30 billion raised via 5-year bonds with a coupon of 6.87 per cent and Rs 20 billion through […]
ACME Solar Holdings Limited has secured a Rs 24.91 billion long-term project finance for a duration of 18 to 20 years. The company will use these funds to refinance its existing debt and lower the […]
Rural Electrification Corporation Limited has signed a MoU with the Energy Management Centre (EMC), Government of Kerala, to finance pumped storage projects (PSP) in the state over the next five years. The agreement has an […]
REC Limited has signed a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) for the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. The project, […]
REC Limited has disbursed loans of Rs 546.92 billion during the third quarter ending December 31, 2024. This represents a 17.98 per cent increase compared to the same period in the previous financial year. Renewable […]
REC Limited has announced that its audited standalone and consolidated financial results for the quarter ending September 30, 2024, have been approved. In the second quarter of fiscal year (FY) 2025, REC experienced a significant […]
REC Limited has raised $500 million through green dollar bonds for numerous renewable energy projects. This was part of a $10 billion global medium-term programme of the company. The 5-year note has a coupon rate […]
REC Limited has inked a number of Memorandums of Understanding (MoUs) worth Rs 1,120 billion with various renewable energy developers. This took place at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) […]
Hygenco Green Energies and REC limited have inked a Memorandum of Understanding (MoU) at the 4th Global Renewable energy Investors meet in Gandhinagar, Gujarat. This MoU is aimed at financing Hygenco’s green ammonia project established […]
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has transferred two project specific special purpose vehicles (SPV): Rajasthan IV-C Power Transmission Limited and Rajasthan IV-E Power Transmission Limited to Power Grid Corporation of India Limited […]
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