Sunsure Energy inks Rs 10,000-cr loan pact with REC to develop green energy projectsSunsure Energy has signed an agreement with REC Ltd for a Rs 10,000 crore loan to develop green energy projects. The partnership aims to su...
18 Sep, 2024, 02.16 PM IST
Infrastructure lender REC inks renewable energy pacts worth $13.4 blnIndian infrastructure lender REC has signed agreements worth about 1.12 trillion rupees with renewable energy developers. These non-binding...
17 Sep, 2024, 10.21 PM IST
REC to provide Rs 45,000 cr finance to JNPAREC Ltd agreed to finance up to Rs 45,000 crore for various Jawaharlal Nehru Port Authority (JNPA) projects, which include the Vadhavan Por...
25 Aug, 2024, 06.42 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
RECPDCL inks initial pact with Gujarat govt for smart metering projects worth Rs 2,094 croreREC Power Development and Consultancy Ltd (RECPDCL) has signed an initial pact with the Gujarat government for Rs 2,094.28 crore in smart m...
04 Jan, 2024, 09.49 PM IST
REC signs pact with RailTel; to finance infra projects in telecom, IT and railway signallingState-owned REC has signed an MoU with RailTel to provide up to Rs 30,000 crore in financial assistance for infrastructure projects in tele...
09 Nov, 2023, 10.17 PM IST
REC Q2 Results: Net profit climbs 39% YoY to Rs 3,790 cr; dividend declared at Rs 3.50/shareThe board also approved the second interim dividend of Rs 3.50 per equity share of Rs 10 each for 2023-24. The record date for the interim ...
01 Nov, 2023, 04.56 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
Apraava Energy inks pacts with REC, PFC to get Rs 9,120 cr finance for its projectsApraava Energy has signed preliminary agreements with Indian state-run companies, REC and PFC, to obtain financing of Rs 9,120 crore for it...
07 Aug, 2023, 03.19 PM IST
PFC and REC ink Rs 5 lakh crore pacts with green companiesPFC signed pacts worth Rs 2.37 lakh crore with 20 companies in the clean energy space, the company said in a press release. REC, on the oth...
22 Jul, 2023, 12.56 AM IST
REC to provide Rs 21,086 cr financial assistance to MP discoms, MPPMCL, Rewa Ultra Mega Solar projectAnother pact has been inked with Rewa Ultra Mega Solar Ltd wherein the company will provide Rs 1,000-crore financial support to develop ren...
13 Jan, 2023, 10.49 AM 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 $169.5 million from KfW Development BankThe proceeds of the ODA loan will be deployed for part-financing of innovative solar PV technology-based power generation projects in India...
23 Dec, 2021, 04.30 PM IST
PFC, REC to provide Rs 8,520 cr loan to SJVN's power project in BiharSTPL is a wholly-owned subsidiary of SJVN and executing the project. The Buxar thermal power project is expected to be commissioned in 2023...
26 Nov, 2020, 05.25 PM IST
REC inks two pacts with Jharkhand utilities for Rs 15K-crore loanREC is a NBFC that provides financial assistance to power entities in the government as well as the private sector in the areas of power.
17 Feb, 2017, 10.16 PM IST
REC inks pacts with Andhra Pradesh for Rs 60,000 crore funding"Memorandum of Understanding (MoU) signed by REC for extending financial assistance to the tune of Rs 60,000 crore in the state of Andhra P...
30 Jan, 2017, 03.09 PM IST
REC sanctions financial assistance of Rs 57,000 cr0re in FY'15REC would fund TSGENCO power projects of 6,280 MW capacity to the tune of Rs 24,000 crore, a government release had earlier said.
25 Mar, 2015, 07.50 PM IST