REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a term loan of ₹2147.508 crore (Rupees Two Thousand One Hundred Forty-Seven Crore & Fifty Lakh Eighty Thousand only). The loan will be utilized for the development and...
Author: Roshna (Roshna )
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NBCC Reports Robust 40% Surge in Net Profit
The Board of Directors, in its meeting held on February 11, 2025, approved the company’s financial results for the quarter and nine months ended December 31, 2024. Standalone Performance: Revenue from Operations stood at ₹2,047.77 Cr for the quarter and ₹5,540.01 Cr for the nine-month period, reflecting a YoY growth of 6.73% and 10.39%, respectively. Profit Before Tax (PBT) for the quarter was ₹171.26 Cr, while Profit...
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The time to invest in India’s energy sector is now, says PM Modi
Prime Minister Narendra Modi asserts that with India’s aggressive energy sector expansion and comprehensive reforms, now is the optimal time for investment. A slew of reforms and a commitment to make the country a leading manufacturing hub make India’s energy sector an attractive investment proposition, Prime Minister Narendra Modi has said. In a video address...
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India’s Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
Union Minister Hardeep Singh Puri has said the emerging global energy order must be determined based on artificial intelligence and clean cooking, balancing immediate challenges with long-term vision, and resilient supply chains. Giving voice to an important concern of the 77 developing nations of the Global South, Hardeep Singh Puri, India’s Minister for Petroleum &...
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How Budget 2025-26 May Bolster Investments in India’s Infrastructure Sector
The Union Budget 2025-26 has laid down a bold roadmap for meeting the immense financing needs of the country’s infrastructure sector, write Neetu Vinayek and Jasdeep Sahni. The Union Budget 2025-26, unveiled by Finance Minister Nirmala Sitharaman, embodies a clear and ambitious vision. Recognising the pivotal role of investment in the economy as a key...
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REC Declares 3rd Interim Dividend of ₹4.30 per share; Net Profit up 23% to ₹4,029 crore
Delhi, February 06, 2025: The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the period ended December 31, 2024. Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone) – Net Profit: ₹4,029 crore Vs ₹3,269 crore, up by 23% – Net interest income: ₹4,930 crore...
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REC wins Gold Shield in ICAI Award for Excellence in Financial Reporting for the Financial Year 2023-24
REC Limited, a Maharatna Public Sector Enterprise and a leading NBFC- IFC under the Ministry of Power, Government of India, has been awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’. The prestigious recognition reflects the commitment of...
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RECPDCL Handovers HVDC Transmission Project’s SPV viz. Rajasthan Part I Power Transmission Limited to Adani Energy Solutions Limited
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over the project specific SPV (Special Purpose Vehicle) of HVDC Transmission Project under TBCB route viz, Rajasthan Part I Power Transmission Limited to Adani Energy Solutions Limited on 20th January...
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MOU signed between NBCC and Hindu College for development of “Centre for Advance Studies”
A Memorandum of Understanding (MoU) was signed between NBCC (India) Ltd. and Hindu College, University of Delhi, for development of “Centre for Advance Studies” valued at Rs. 180 Crore approximately. The MoU was signed by Prof. Anju Srivastava, Principal, Hindu College, and Sh. Nagendra Kumar, Chief General Manager, NBCC in presence of senior faculty members...
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NBCC Signs MoU with Sahakari Awas Nirman Evam Vitt Nigam Ltd. for land development in Lucknow
NBCC signed a Memorandum of Understanding with Sahakari Awas Nirman Evam Vitt Nigam Ltd. on 09.01.2025 for execution of mixed land use development of Poorvi Vihar, Lucknow. The MoU was signed in the presence of Dr. Suman Kumar, Director (Commercial), NBCC by the authorized representatives of both the organizations.. Out of a total land area...