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Rural Electrification Corporation News
Rural Electrification Corporation
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
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
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
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
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.