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REC gets RBI nod to set up subsidiary in GIFT City, Gujarat

REC gets RBI nod to set up subsidiary in GIFT City, Gujarat
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Earnings Impact: REC jumps 9.5% to record high on strong Q4 results, soars 30.5% in 8 sessions

REC stock surges 9.5% to ₹555.45 on strong Q4FY24 results, 33% YoY jump in net profit to ₹4,079 crore. Revenue grows 25% YoY. Scrip up 336% from 52-week low. Company aims to be NPA-free by FY25 with debt-raising plan of ₹1.6 lakh crore. ....

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REC Ltd To Extend Term Loan Of ₹ 1,869 Crores For Kiru Hydro Electric Project In Kishtwar

REC Ltd To Extend Term Loan Of ₹ 1,869 Crores For Kiru Hydro Electric Project In Kishtwar
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REC commits Rs1.6 lakh crore for infra projects in Rajastan

REC Limited has signed a memorandum of understanding (MoU) with the government of Rajasthan committing Rs1.6 lakh crore to finance projects across power and other infrastructure sectors. ....

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REC To Finance Power & Infrastructure Projects In Rajasthan -

REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan, to finance projects across power and non-power infrastructure sectors. Under this agreement, REC Limited will provide loans of up to Rs 20,000 crores annually for the next six years… ....

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