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,...
Tag: Government of India
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Shri Jitendra Srivastava assumes charge as CMD, REC Limited
Shri Jitendra Srivastava, IAS, has assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April 2025. On 18th April 2025, the Appointments Committee of the Cabinet (ACC) appointed Shri Srivastava, who is an IAS from Bihar Cadre (2000 Batch), as the CMD of REC. This appointment has been made in the rank and...
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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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IIFCL raises Rs 1,500 crore through bonds/debentures
The funds thus raised would provide impetus to various ambitious plans of the Government of India towards development of infrastructure sector in India. New Delhi, March 12, 2024 IIFCL received overwhelming response to its fund raising programme through bonds/debentures with subscription of Rs 3,494.50 crore which is nearly 7x of the base issue size of...
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World Cement Association Founder Director to be star speaker at Indian Cement Review Conference 2023 at 14th Cement EXPO, Delhi
Founder Director, World Cement Association, at Indian Cement Review 2023. Mumbai Ali Emir Adiguzel, Founder & Director of World Cement Association (WCA), will be the keyword speaker at Indian Cement Review (ICR) Conference 2023, which will be held from December 14-15, 2023, at Manekshaw Center, New Delhi. The event – comprising Cement EXPO 2023, ICR Conference...
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Policy reforms lead to better health, greater lending power
REC Ltd, which finances and promotes power projects across India, has been gearing up for a big shift by focusing on renewable energy and other green projects. With the shift in priorities towards renewable energy, raising funds for renewables has become easier in the domestic and global market, says Vijay Kumar Singh, Director (Projects), REC Ltd....
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PM GatiShakti’s NPG recommends six infrastructure projects
Six infrastructure projects have been suggested by the Network Planning Group (NPG) under PM GatiShakti. The six projects, one from MNRE, three from the Ministry of Railways, and two from the Ministry of Road Transport and Highways, were assessed by NPG during a meeting, which then recommended them. The comprehensive development of these projects would...
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HMR is a Zero-Discharge Project that Advocates Green Mobility
KVB REDDY, MD & CEO, L&T Hyd Metro speaks about largest MRTS project. L&T-Metro Rail (Hyderabad) Limited is the largest PPP project in Asia and the largest MRTS in the world being implemented in PPP mode on DBFOT basis. The man helming this iconic project, KVB Reddy, MD & CEO, L&T Metro Rail (Hyderabad) Limited...
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India and Maldives plans to build a transmission interconnection
Indian tech team will visit Maldives to assess the project's feasibility
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NMDC’s iron ore production hits record 40 mt in FY22
NMDC aims to become a 100 mt per annum company by 2030