Jammu : REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a term loan of ₹2147.508 crore (Rupees Two Thousand One Hundred Forty-Seven Crore & Fifty Lakh Eighty Thousand only). The loan will be utilized for the…
Delhi- The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the period ended December 31, 2024. Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone) – Net Profit: ₹4,029 crore Vs ₹3,269 crore, up by 23% – Net interest income: ₹4,930 crore Vs ₹4,153 crore, up by 19% – Net credit-impaired…
New Delhi- REC Limited, a Maharatna Public Sector Enterprise and a leading NBFC- IFC under the Ministry of Power, Government of India, has been awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’. The prestigious recognition reflects the…
New Delhi- REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the District Health Society (DHS) Raipur under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹2.01 crore for the procurement of health equipment for three Community Health…
Gurugram- 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, REC disbursed total…
New Delhi- REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Sevarth Sansthan Seth Bimal Kumar Jain Trauma & Physiotherapy Dharmarth Samiti (SSB) under its Corporate Social Responsibility (CSR) initiative to provide financial assistance of Rs. 14 crore for the procurement of…
New Delhi : 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 at the THDCIL…
Gurugram : 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. The Golden Peacock Award is a testament to…
New Delhi- REC 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).The award underscores REC’s commitment to excellence in corporate communication and its innovative approach…
Gurugram : 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 Rs 47,303 crore,…
