State-run Rural Electrification Corporation

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  REC Gets Shareholders' Nod To Raise Rs 50,000 Crore Via Debentures

  State-run Rural Electrification Corporation (REC) on Thursday said it has received shareholder's nod to raise Rs 50,000 crore by issuing non-convertible debentures (NCDs).

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  REC To Seek Shareholder Nod To Raise Rs 50,000 Crore

  State-run Rural Electrification Corporation (REC) on Sunday said it will seek approval of its shareholders on September 21 for raising Rs 50,000 crore through non-convertible debentures (NCDs)

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  REC June Quarter Profit Declines 4% To Rs 1,421 Crore

  State-run Rural Electrification Corporation (REC) on Thursday reported a marginal 4 per cent decline in standalone net profit at Rs 1,420.86 crore for the quarter ended June 30, 2016.

• REC to Raise Rs 700 Cr via Tax Free Bonds

  State-run Rural Electrification Corp (REC) on Monday said it plans to raise Rs 700 crore through a public issue of tax-free non-convertible bonds.

• LIC Hikes Stake in REC to 7%

  State-run insurance firm LIC on Friday said it has acquired an over 2 per cent stake in Rural Electrification Corporation (REC), taking its overall shareholding in the firm to more than 7 per cent.

• REC Transfers 2 Transmission Projects to Power Grid

  State-run Rural Electrification Corporation (REC) on Friday said it has transferred two transmission projects to Power Grid Corporation of India.

• REC Incorporates 3 Transmission SPVs as Units

  State-run Rural Electrification Corporation (REC) on Tuesday said it has formed three subsidiaries with a focus on three of its power transmission projects.

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  Government to Kick Off FY16 Divestment With REC's up to $250 Million Stake Sale

  The government has set the floor price for an up to $250 million share sale in state-run Rural Electrification Corp Ltd at Rs 315 rupees apiece, kicking off its stake divestment programme for the fiscal year that started on April 1.

• Morgan Stanley, StanChart Picked to Manage India Share Sales: Report

  Morgan Stanley and Standard Chartered are among six banks picked to manage the sales of shares in two state-run Indian companies, sources directly involved in the deals said on Friday.

• Government Seeks Bids From Banks to Manage PFC, REC Share Sale

  The government on Monday invited bids from investment banks to manage planned share sales in state-run Power Finance Corp Ltd (PFC) and Rural Electrification Corp Ltd (REC), which could raise a combined $515 million (Rs 3,090 crore at 1 dollar = 60 rupees).

• Power Ministry circulates cabinet note on POSOCO autonomy

  State-run Power Finance Corp and Rural Electrification Corp are the nodal agencies and are engaged in awarding these projects across the country.

• REC plans to raise over Rs 37,000 crore in FY14

  State-run Rural Electrification Corporation (REC) plans to raise over Rs 37,000 crore this fiscal year through various instruments, a top company official has said.

• REC signs $250 million loan agreement with SBI Hong Kong

  State-run Rural Electrification Corporation on Wednesday said it has signed a loan agreement for $250 million with State Bank of India's (SBI's) Hong Kong branch for lending to the infrastructure sector.

• REC quarterly profit surges nearly 53% to Rs 954 crore

  State-run Rural Electrification Corp today reported a nearly 53 per cent jump in profit after tax at Rs 954 crore in the three months ended September 2012.

• REC gets finance ministry’s nod to raise Rs 3,000 crore via tax-free bonds

  State-run Rural Electrification Corp (REC) has received the Finance Ministry’s approval to raise Rs 3,000 crore through issue of tax-free bonds this fiscal.