REC, a Maharatna central public sector enterprise (CPSE) and a leading non-banking finance company under the Ministry of Power, has been conferred with the Corporate Social Responsibility & Sustainability Award 2024 in the category of ‘Excellence in Providing Support to Healthcare’ by the industry chamber ASSOCHAM. The award was presented during the sixth edition of the...
Category: Power & New and Renewable Energy
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REC Reports Strong Profit Growth
Power sector financier, REC, has reported a robust profit after tax of Rs.157.13 billion for the financial year ended March 31, 2025, driven by strong growth across all verticals, recalibration of interest rates on loan assets, and effective financial cost management. Earnings per share rose to Rs.59.55, up from Rs.53.11 in the previous year. The...
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India Calls for Inclusive Energy Governance at BRICS Meet
Inviting BRICS nations to participate in the 2026 BRICS Energy Gathering in India, Manohar Lal Khattar, Union Minister for Power, highlighted energy security as one of the most pressing global challenges. Speaking at the BRICS Energy Ministers’ Meeting in Brasília on May 19, he emphasised the need to strengthen BRICS cooperation to ensure economic stability,...
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India is ready to build for the world!
With a proposed $3 billion capex plan, INOXGFL Group—a 90-year-old chemicals-to-renewables powerhouse—is making big bets on India’s transition to green energy. Devansh Jain, Executive Director, INOXGFL Group, tells INFRASTRUCTURE TODAY in this exclusive interview that, driven by geopolitical realignments, India is uniquely positioned to scale its manufacturing capabilities across electronics, solar, wind, and battery technologies....
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Investments in Renewables, Roads, and Real Estate to Reach ₹17.5 Trillion by FY26: Crisil
While these investments may face regulatory delays, market fluctuations, and infrastructure bottlenecks, strong cash flows, prudent financial management, and sustained investor confidence will support stability across the three sectors. As part of the current transformations, India’s renewable energy, roads, and real estate sectors are expected to attract significant capital, according to the country’s leading ratings...
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REC Profit at ₹15,713 crore for FY25
REC RECOMMEDS FINAL DIVIDEND OF ₹ 2.60 PER SHARE The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the year ended March 31, 2025. Operational and Financial Highlights: Q4 FY25 vs Q4 FY24 (Standalone) – Disbursements: ₹45,538 crore Vs ₹39,374 crore, up by 16% – Net interest income: ₹5,876 crore Vs ₹4,263 crore,...
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RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private 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, handed over project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Ratle Kiru Power Transmission Limited to IndiGrid 2 Private Limited on 24th March 2025 at Gurugram. IndiGrid...
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REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit 2025. Under this agreement,...
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REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
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...
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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...