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RECLTD
REC LIMITED

462.25 2.60 (0.57%)

Related News for RECLTD

Tata Power gets LoI for Rs 838 crore Jalpura Khurja Power Transmission proj

 16 Feb 07:53 PM

The project SPV will be developed on a build-own-operate transfer (BOOT) basis to provide transmission service for 35 years from the scheduled date of commercial operation (SCOD), 18 months from the date of SPV acquisition. RECPDCL, a wholly-owned subsidiary of REC Limited, has been acting as bid process coordinator (BPC) for tariff-based competitive bidding (TBCB) in transmission line projects and RE-bundling projects.

Chakri Lokapriya on buying through market dip and why REC is his Diwali pick

 31 Oct 12:09 PM

“I would rather stick with the frontline financials and NBFCs rather than getting into some of these fintech names. As a Diwali pick, I would still go with REC Limited because it finances both infrastructure as well as financing projects. It trades well under book value, trades at about 0.7 times. It still has a very long growth trajectory ahead.”

REC partners with Punjab National Bank to finance projects in logistics, power, infra sectors

 26 Sep 07:54 PM

"REC Limited signed an MoU with Punjab National Bank (PNB) on Tuesday to jointly explore the possibility to fund the Power Sector and Infrastructure and Logistics Sector projects under the consortium arrangement. REC and PNB will associate with each other to co-finance loans amounting to Rs 55,000 crore over the next three years," the statement said.

Serentica Renewables secures Rs 3000 crores in debt funding from REC

 25 Sep 01:20 PM

Serentica Renewables, an Indian renewable energy developer, has secured Rs 3000 crores of debt funding from REC Limited. The funding will be used to develop hybrid renewable energy projects in Karnataka, with a capacity of 560 MW. This comes after the company recently secured Rs 2600 crores in debt funding from another major player in the power sector, PFC.

PMI Electro Mobility signs pact with REC for financial assistance worth Rs 480 crore

 23 Jul 01:52 PM

Electric commercial vehicles manufacturer PMI Electro Mobility on Saturday said it has signed an agreement with public-sector enterprise REC Limited to provide finance for its commercial EVs. PMI Electro Mobility MD Satish Jain said the signing of the memorandum of understanding (MoU) took place during the "Green Finance" Summit organised by REC Limited (formerly Rural Electrification Corporation) on the sidelines of the Clean Energy Ministerial and Energy Transition Working Group Ministerial meeting, which culminated on Saturday.

Jio partners with EESL to provide 1 million smart prepaid meters in Bihar

 06 Mar 05:12 PM

JioThings Smart Utility Platform on Monday announced its partnership with Energy Efficiency Services Limited (EESL) to deploy 1 million smart prepaid meters in Bihar. EESL is a joint venture between NTPC Limited, Power Finance Corporation Limited, REC Limited and Powergrid Corporation of India Limited under the Power Ministry.

Additional Power Secretary Vivek Kumar Dewangan appointed as CMD REC

 19 May 01:52 PM

New Delhi, May 19 Vivek Kumar Dewangan, an Additional Secretary in the Ministry Power, has been appointed as the CMD of state-owned REC Limited, ac..

REC partners EPIC India to improve performance of discoms

 17 Mar 12:25 AM

State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities. "The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company, and REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Ltd, to enable an evidence-based approach to improve the electricity distribution utility performance by designing innovative policy interventions for pilot and evaluation," a company statement said. The MoU was signed in the presence of R Lakshmanan, Chief Executive Officer - RECPDCL, Anant Sudarshan, South Asia Director EPIC and Sidhartha Vermani, Executive Director - EPIC India. Under this partnership, in addition to providing research and evaluation support, EPIC India will collaborate with REC Ltd and RECPDCL to provide a platform fo