Siddharthnagar, Uttar Pradesh- Shri Manohar Lal, Hon’ble Minister of Power & Minister of Housing and Urban Affairs, laid the foundation stone for a state-of-the-art 1000-seater Community Auditorium, in Siddharth Nagar, Uttar Pradesh. The Auditorium is being jointly funded by REC, PFC and NTPC. REC Limited, a Maharatna CPSU and a leading NBFC under the Ministry…
NEW DELHI- REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has extended financial support of Rs. 6.01 crore under its Corporate Social Responsibility (CSR) initiatives for the procurement and operation of five Mobile Medical Units (MMUs) in the state of Uttarakhand. The initiative was inaugurated by Shri Pushkar Singh…
Gurgaon : Shri Jitendra Srivastava, IAS, has assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April 2025.On 18th April 2025, the Appointments Committee of the Cabinet (ACC) appointed Shri Srivastava, who is an IAS from Bihar Cadre (2000 Batch), as the CMD of REC. This appointment has been made in…
Mumbai, – REC Limited, a Maharatna CPSU under the Ministry of Power and a prominent NBFC, has entered into a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide financial support of ₹1 lakh crore for infrastructure development in the Mumbai Metropolitan Region (MMR). The agreement was formally signed by…
New Delhi – REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit 2025.Under…
New Delhi – REC Limited, a Maharatna CPSE and a leading NBFC, under the Ministry of Power, today inaugurated a cutting-edge Experience Centre at its headquarters in Gurugram. The inauguration was led by CMD Shri Vivek Kumar Dewangan in the presence of the Board of Directors of REC Limited.The newly launched Experience Centre is designed…
Bhopal – REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh at the Global Investors Summit 2025 in Bhopal. Under this agreement, REC has committed to providing financial support of Rs 21,000 crore over the next five…
Chennai : REC Limited, through its CSR arm, REC Foundation, has signed a Memorandum of Association (MoA) with Sankara Eye Hospital, Pammal, Chennai wherein REC committed ₹6.00 Crore for the project ‘Eye Care for All’ – an initiative to provide support to 8,000 beneficiaries for cataract surgery.The MoA was formalized on February 17, 2025, between…
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…
