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Rural Electrification Corporation

REC Q1 Results: Profit rises 21% to Rs 2,968 crore

REC Q1 Results: Profit rises 21% to Rs 2,968 crore

Wed, Jul 26, 2023

The board also approved declaration of interim dividend at the rate of Rs 3 per equity share of Rs 10 each for 2023-24.

GreenCell Mobility secures Rs 3,000 crore debt funding from REC

GreenCell Mobility secures Rs 3,000 crore debt funding from REC

Mon, Jul 24, 2023

The company has signed a memorandum of understanding (MoU) with REC as part of which the latter agreed to extend financial assistance in the form of debt funding to support the company's ambitious projects.

Power Grid shares rose over 2% after Centre rejects a proposal to acquire PFC’s stake in REC

Power Grid shares rose over 2% after Centre rejects a proposal to...

Tue, Sep 27, 2022

Shares of PSU Maharatna company Power Grid Corporation of India recovered on Sep 27 after the government rejected a proposal to acquire Power Finance Corporation's stake in Rural Electrification Corporation (REC)

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Top stocks to buy with Anil Singhvi: Sanjiv Bhasin picks power stocks - REC, IEX | Know target price, stop-loss, and more

Top stocks to buy with Anil Singhvi: Sanjiv Bhasin picks power st...

Fri, Dec 24, 2021

In yet another episode of Hasin Ke Bhasin, Zee Business Managing Editor and Market Guru Anil Singhvi, spoke to Sanjiv Bhasin, Director of IIFL Securities Ltd, where he picked two stocks for high returns.

REC pays Rs 1,143 cr interim dividend for FY19 to govt

REC pays Rs 1,143 cr interim dividend for FY19 to govt

Fri, Mar 22, 2019

The Board of REC had declared interim dividend at the rate of Rs 11 per equity share representing 110 per cent of total paid up share capital of the company for 2018-19, according to the statement.

Government to sell REC stake to another state lender, Power Finance Corp

Government to sell REC stake to another state lender, Power Fina...

Fri, Dec 07, 2018

The Indian government on Thursday approved a plan by one state-owned lender to the power industry, Power Finance Corp to acquire a majority stake in a similar government-controlled lender, REC Ltd, Finance Minister Arun Jaitley said.

To ensure clean air, here is what power companies want from govt

To ensure clean air, here is what power companies want from govt

Mon, Oct 15, 2018

Power producers have asked the government to rope in Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to provide funds for implementing emission control systems (ECS) in thermal power plants.

Market crash haunting you? Take shelter in these 10 dividend-yielding stocks

Market crash haunting you? Take shelter in these 10 dividend-yiel...

Fri, Mar 09, 2018

The Sensex has shaved off over 3000 points so far from its peak hit on January 29 after the re-introduction of long-term capital gains (LTCG) tax in Budget 2018, and amid pressure in public sector banking stocks post the alleged financial fraud in Punjab National Bank (PNB).

Two corporations flouted norms leading to bad loans: CAG

Two corporations flouted norms leading to bad loans: CAG

Fri, Aug 11, 2017

"The REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts," the Comptroller and Auditor General (CAG) said in its report tabled in the Lok Sabha.

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