REC gets RBI nod to set up subsidiary in GIFT CityAccording to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a 'No Objection Certificate' (NOC) from t...
05 May, 2024, 07.30 PM IST
REC inks pact to finance Rs 1.20 lakh crore in six years for power and infra projects in RajasthanGovernment-owned power sector financier, REC Ltd, has signed an agreement with the Rajasthan government to provide up to Rs 1.2 lakh crore ...
11 Mar, 2024, 04.35 PM IST
REC signs MoU with PFC committing stronger revenue in FY24 and FY25The Mou was signed on Friday between Dewangan and Parminder Chopra, CMD of Power Finance Corporation (PFC) in presence of other senior offi...
09 Sep, 2023, 08.58 PM IST
REC, PFC to provide Rs 8,520 crore finance for 1,320 MW thermal power plant at BuxarAccording to the statement, the total estimated project cost is Rs 12,172.74 crore with debt requirement of Rs 8,520.92 crore. As per the a...
19 Oct, 2022, 05.07 PM IST
REC gets shareholders' nod to issue bonus shareConsequently, the paid-up capital of the company will increase to Rs 2,633.22 crore -- 2,63,32,24,000 equity shares of Rs 10 each. The comp...
10 Aug, 2022, 02.45 PM IST
Additional Power Secretary Vivek Kumar Dewangan appointed as CMD RECIn a statement on Thursday, REC said Vivek Kumar Dewangan, a 1993-batch Indian Administrative Service (IAS) Officer of Manipur Cadre has ta...
19 May, 2022, 03.42 PM IST
REC sets Rs 35,000 crore revenue target for 2020-21During the first quarter of 2020-21, REC has achieved an all-time high profit of Rs 1,839 crore. Revenue from operations for the quarter wa...
01 Oct, 2020, 06.41 PM IST
Govt appoints REC CMD P V Ramesh as DG of National Archives of IndiaThere are talks that PFC Chairman and Managing Director Rajeev Sharma could be given additional charge to head REC.
05 Mar, 2019, 04.45 PM IST
Rural Electrification Corporation inks pact with German bank for 200 million euro loanState-run Rural Electrification Corporation today said it has inked a loan agreement with German bank KfW for EUR 200 million facility that...
14 Aug, 2018, 07.12 PM IST
REC to provide Rs 14K cr loan for 2,400 MW Patratu power plantThe project cost of Rs 18,668 crore is funded in debt: equity ratio of 75:25 and Rs 14,000 crore (entire debt component of project) is sanc...
15 Nov, 2017, 10.12 PM IST
P V Ramesh takes over as REC CMDPrior to joining REC, Ramesh was special chief secretary, environment, forest, science and technology and development commissioner in the g...
05 Jan, 2017, 06.03 PM IST
REC disburses Rs 16,070 crore to Telangana Power PlantREC CMD Rajeev Sharma handed over the cheque to Telangana Chief Minister K Chandrasekhar Rao yesterday, the Ministry said in a release.
12 Aug, 2015, 07.28 PM IST
REC to fund power projects in TelanganaREC, a Government of India Enterprise, would fund the Telangana State Power Generation Corporation (TSGENCO) power projects of 6,280 MW cap...
21 Mar, 2015, 11.08 PM IST
Rural Electrification Corp to provide Rs 20,000-crore funding to Telangana utilitiesThe assurance was given by REC Chairman & MD Rajeev Sharma when he called on Telangana CM Chandrasekhar Rao at the Secretariat.
02 Sep, 2014, 09.43 PM IST
- REC pays Rs 64.91 crore as final dividend for 2011-12 to government
Rajeev Sharma, CMD, REC Ltd, a navratna public sector undertaking presented a cheque of Rs 164.91 crore towards final dividend for the fina...
04 Oct, 2012, 04.42 PM IST
- REC profit jumps 24% to Rs 587 cr on rising demand
The robust growth in the country’s power sector led to a 24% jump in profit after tax (PAT) of the state-run Rural Electrification Corporat...
22 Jul, 2010, 02.59 AM IST
- 24 pc jump in REC PAT, courtesy power sector growth
The robust growth in the country's power sector led to a 24 per cent jump in the Profit After Tax of the state-run Rural Electrification Co...
21 Jul, 2010, 07.13 PM IST