As the leading Maharatna non-banking financial company (NBFC), REC Ltd is harnessing the potential of AI and Big Data to unlock a new era of enhanced efficiency and service excellence. Artificial intelligence (AI) and machine learning (ML)āthe imitation by computers and robots of the intelligence inherent in humans for planning, decision-making, improved communication and processing...
Tag: REC
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REC Achieves ISO 31000 Certification, a First for Indiaās Public Sector NBFCs
With this, REC becomes the first public sector NBFC in India to be certified under ISO 31000, marking a new milestone in institutional risk governance. Government-owned non-banking financial company REC Ltd has received ISO 31000:2018 certification for its enterprise-wide risk management framework. The achievement makes RECāa Maharatna PSUāthe first Indian public sector NBFC to attain...
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REC Wins Leading CSR and Sustainability Award for Healthcare Support
REC, a Maharatna central public sector enterprise (CPSE) and a leading non-banking finance companyĀ under the Ministry of Power, has been conferred with the Corporate Social Responsibility & Sustainability Award 2024 in the category of āExcellence in Providing Support to Healthcare’ by the industry chamber ASSOCHAM. The award was presented during the sixth edition of the...
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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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REC Profit at ā¹15,713 crore for FY25
REC RECOMMEDS FINAL DIVIDEND OFĀ ā¹Ā 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.Ā Operational and Financial Highlights: Q4 FY25 vs Q4 FY24 (Standalone) –Ā Ā Disbursements:Ā ā¹45,538 crore VsĀ ā¹39,374 crore, up by 16% –Ā Ā Net interest income:Ā ā¹5,876 crore VsĀ ā¹4,263 crore,...
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REC Foundation Commits ā¹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Chennai, February 18, 2025:Ā REC Limited, through its CSR arm, REC Foundation, has signed a Memorandum of Association (MoA) with Sankara Eye Hospital, Pammal, Chennai wherein REC committed ā¹6.00 Crore for the project āEye Care for Allā ā an initiative to provide support to 8,000 beneficiaries for cataract surgery. The MoA was formalized on February 17,...
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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 āGold Shieldā under the āFinancial Services Sector (Other than Banking and Insurance)ā category āICAI Awards for Excellence in Financial Reporting for the financial year 2023-24ā. The prestigious recognition reflects the commitment of...
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REC Limited Commits Rs. 2.92 Crore Under CSR to Enhance ITBP Medical Infrastructure
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Indo-Tibetan Border Police (ITBP) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 2.92 Cr. for the procurement of medical equipment/items in the field hospitals of ITBP (Indo-Tibetan...
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Indian Infrastructure: Attracting World Interest
Indian Infrastructure: Global Magnet Funds, policies, technologies and a winning attitude, this defines the Indian infrastructure financing sector today. The first assets created under this National Infrastructure Pipeline are now generating revenue, thus whipping up more investor interest. The bonds market has seen significant reforms. The government remains the largest driver, but the private sector...
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India’s PSU glued to Bloomberg’s foreign exchange platform
Bloomberg announced today that a growing number of India's public sector corporations are adopting Bloomberg's Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include Gas Authority of India Ltd (GAIL), Rural Electrification Corporation Limited (REC) and ONGC Videsh Ltd (OVL).