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Home » REC

REC appoints Jitendra Srivastava as CMD

Srivastava has assumed charge after his appointment by the Appointments Committee of the Cabinet. Jitendra Srivastava (IAS) assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April Tuesday. An…

REC to finance Pump Storage Projects in Kerala

REC Limited has signed ₹18,360 cr MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala over the next…

REC to provide ₹2147.508cr term loan to develop 1000 MW hydro electric project

The government agency has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide the term loan which will be utilised for the development and construction of 1000MW capacity greenfield…

REC Limited receives Adam Smith Awards for Best Funding Solution in ASIA 2024

The award is a benchmark in Corporate Treasury and acknowledges organisations that exemplify innovation, efficiency, and strategic expertise in financial management. REC Limited, a Maharatna CPSE under the Ministry of…

REC disburses ₹90,955 crore in H1 FY25

REC Limited reports a substantial 20.10 per cent increase in total loan disbursements, reaching ₹90,955 crore for H1 FY25. Renewable energy loans soar by 92.68 per cent, emphasising the company’s…

REC raises ₹5,000 crore via Zero Coupon Bonds

REC’s zero-coupon bonds attract strong investor interest, oversubscribed seven times, offering attractive yields and tax benefits for long-term gains. REC Limited, a state-run financial company, has successfully raised ₹5,000 crore…

REC receives ‘Nodal Agency of the Year’ award

The award was given at Bharat Electricity – Powering India Awards 2024 in New Delhi. Through its various initiatives, including the Revamped Distribution Sector Scheme (RDSS), REC has contributed significantly…

RECPDCL transfers Tumkur-II transmission project to GR Infra

The project covers the establishment of 400/220 kV, 4 X 500 MVA pooling station near Tumkur, Karnataka and 27.2 Km of 400 kV line along with associated works. REC Power…

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