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India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait
REC Ltd Q4FY24 net profit soars 34% to Rs 4,016 cr

REC Ltd Q4FY24 net profit soars 34% to Rs 4,016 cr

May 01, 2024, at 06:52 am

New Delhi: Public infrastructure finance company REC Limited reported a net profit of Rs 4,016 crores for the fourth quarter of fiscal year 2024, an increase of 34% from Rs 3,001 crores recorded in the same period of the previous fiscal year.

REC Ltd & Bank of Baroda sign MoU to finance power, infrastructure and logistics projects

REC Ltd & Bank of Baroda sign MoU to finance power, infrastructure and logistics projects

Jan 06, 2024, at 08:28 am

New Delhi:  REC Limited, a Maharatna CPSE under the Ministry of Power, signed a Memorandum of Understanding (MoU) with public sector lender Bank of Baroda, on Friday.

REC signs 200 million Euro loan agreement with German bank KfW

REC signs 200 million Euro loan agreement with German bank KfW

Dec 10, 2023, at 02:29 am

New Delhi: State-owned NBFC REC Limited signed a 200 million Euro loan agreement with the German bank KfW on Saturday to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the government.

REC inks MoU with NICSI for ICT and digital transformation

REC inks MoU with NICSI for ICT and digital transformation

Oct 14, 2023, at 07:06 am

New Delhi: State-owned company REC, formerly known as Rural Electrification Corporation Ltd has signed a Memorandum of Understanding with National Informatics Centre Services Inc. (NICSI),

REC raises USD 1.15 Billion through syndicated term loans

REC raises USD 1.15 Billion through syndicated term loans

Sep 07, 2023, at 07:58 am

New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.

REC Ltd's Rs 4,785 cr loan to HPCL Rajasthan Refinery for greenfield project in Barmer

REC Ltd's Rs 4,785 cr loan to HPCL Rajasthan Refinery for greenfield project in Barmer

Jul 05, 2023, at 05:32 am

New Delhi: REC Ltd, formerly known as Rural Electrification Corporation, has extended a loan of Rs 4,785 crores to HPCL Rajasthan Refinery Limited (HRRL), for setting up a green field refinery cum petrochemical complex in Barmer district, Rajasthan.

REC raises USD 1175 million syndicated term loan

REC raises USD 1175 million syndicated term loan

Jan 15, 2022, at 03:20 am

Mumbai/UNI: In a first for any NBFC in India, state-run non-banking financial company REC Limited (Rural Electrification Corporation Limited) on Friday said it has successfully raised USD 1,175 million from a consortium of seven banks.