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

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

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

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

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

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

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

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.