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REC share price jumps 9% on strong December quarter earnings

REC s net profit rose 13.6 percent year-on-year (YoY) to ₹3,269.3 crore for Q3FY24 versus ₹2,878 crore in the same quarter last year. Meanwhile, its net interest income (NII) for the quarter under review grew 18 percent YoY to ₹4,159 crore. ....

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REC to raise $300-$500 million in Yen-denominated green bonds

"We plan to start roadshows in the second half of November to raise $300-500 million. The issuance will happen after that, depending on the response," said Vivek Kumar Dewangan, chairman and managing director, REC Ltd, adding that the company expects the coupon rate to be in the range of 6% compared to the company s overall borrowing cost of 7.23% ....

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