Company Overview and News

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REC inks pact with German bank for 200 mn euro loan

2018-08-14 moneycontrol
State run Rural Electrification Corporation today said it has inked a loan agreement with German bank KfW for EUR 200 million facility that would be used to finance clean energy projects in India.
532955 RECLTD

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Rural Electrification Corporation inks pact with German bank for 200 million euro loan

2018-08-14 economictimes.indiatimes
Copyright © 2018 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
532955 RECLTD

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Reserve Bank for REC-promoted ARC for power sector stressed assets

2018-08-13 moneycontrol
The Reserve Bank has backed the idea of state-owned Rural Electrification Corporation's proposal to form an asset reconstruction company (ARC) dedicated to take over stressed assets in the power sector. Sources said the RBI in its representations to a panel headed by Financial Services Secretary Rajiv Kumar had said that it is open to proposal of REC setting up an ARC.
532955 RECLTD

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Panel set up to fix stressed thermal power asset mess

2018-07-30 freepressjournal.in
New Delhi : Asserting that the stressed thermal power assets are a cause of concern for the country, the government on Sunday decided to set up a high-level empowered panel under Cabinet Secretary to resolve the issues and revive such assets.
532955 RECLTD

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Govt sets up panel to address stressed thermal power assets issues

2018-07-29 moneycontrol
Asserting that the stressed thermal power assets are a cause of concern for the country, the government today decided to set up a high-level empowered panel under Cabinet Secretary to resolve the issues and revive such assets. The panel will also have representatives from the ministries of railways, finance, power, coal and the lenders having major exposure to the power sector.
532955 RECLTD

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REC board approves plan to raise Rs 70k cr via debt

2018-07-25 moneycontrol
Rural Electrification Ltd (REC) today said its board has approved proposal to raise up to Rs 70,000 crore through debt instruments on private placement basis.
532955 RECLTD

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REC board to consider raising up to Rs 70,000 cr via NCDs

2018-07-18 moneycontrol
Rural Electrification Corporation (REC) on Tuesday said its board will consider a proposal this month to raise up to Rs 70,000 crore through issuance of non-convertible debentures on private placement basis.
532955 RECLTD

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Adani Transmission rises 3% on LoI for transmission project in Uttar Pradesh

2018-06-14 moneycontrol
Shares of Adani Transmission rose more than 3 percent in the opening trade on Thursday as company received LoI intra state transmission project in Uttar Pradesh.
539254 532955 RECLTD ADANITRANS

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REC commits $1 mn to International Solar Alliance

2018-06-04 moneycontrol
State-run power sector financier Rural Electrification Corporation (REC) today announced its commitment of USD 1 million to International Solar Alliance (ISA). "In view of the World Environment Day 2018, REC contributed USD one million to the International Solar Alliance (ISA) becoming a corpus contributor," an REC statement said.
532955 RECLTD

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Market Live: Sensex dips 200 pts amid weak rupee; MM rallies on Q4 earnings

2018-05-29 moneycontrol
Earnings Reaction: Godfrey Phillips India's March quarter profit dropped 22.8 percent year-on-year to Rs 43.1 crore and revenue from operations declined 37.6 percent to Rs 543.3 crore.
500325 RELIANCE 532955 532712 STAR RCOM RIGD GODFRYPHLP HDFCBANK RLNIY BANKINDIA IBN 538835 DCMSRMIND 532941 532149 BHEL 539207 532531 ICICIBANK CORDSCABLE HDB 532174 500180 BRHTY INTELLECT 500103 RECLTD 500163 523369 MANPASAND

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Market Live: Sensex falls 100 pts, rupee slips 50 paise; BHEL up 9% on Q4 nos

2018-05-29 moneycontrol
Earnings: M&M's March quarter earnings beat analyst expectations as profit grew by 50 percent year-on-year to Rs 1,155 crore and revenue increased 25.6 percent to Rs 13,189 crore during the quarter.
500325 AUROPHARMA RELIANCE 532955 532712 533106 STAR RCOM OIL RIGD HDFCBANK RLNIY BANKINDIA 524804 IBN 538835 532941 532149 BHEL 539207 532531 ICICIBANK CORDSCABLE HDB 532174 500180 ARBQY BRHTY INTELLECT 500103 RECLTD MANPASAND

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Market Live: Sensex rangebound, PSU Bank index loses 2%; BHEL up 9% on Q4 nos

2018-05-29 moneycontrol
Market Update: Benchmark indices as well as broader markets are in a consolidation mode after sharp rally seen in previous three consecutive sessions. Investors closely monitor the movement in crude oil prices and rupee.
500325 AUROPHARMA RELIANCE 532955 532712 533106 STAR RCOM OIL RIGD 519183 GREENPLY HDFCBANK RLNIY IPCALAB 524804 IBN 538835 BHEL 539207 532531 ICICIBANK 524494 HDB 532174 500180 ARBQY 526797 BRHTY INTELLECT 500103 RECLTD MANPASAND ADFFOODS

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Market Live: Nifty reclaims 10,700 amid weaker rupee; Vista Pharma up 10%

2018-05-29 moneycontrol
Market Update: The market continued to consolidate after rallying sharply in previous three consecutive sessions. Investors keenly monitor the movement in crude oil prices and rupee.
500325 AUROPHARMA RELIANCE 532955 532712 533106 RCOM OIL RIGD 519183 GREENPLY HDFCBANK RLNIY IPCALAB 524804 IBN 539207 ICICIBANK 524494 HDB 532174 500180 ARBQY 526797 RECLTD MANPASAND ADFFOODS

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Market Live: Sensex, Nifty consolidate after 3-day rally; weaker rupee lifts IT stocks

2018-05-29 moneycontrol
Buzzing: After being locked in lower circuit on Monday, shares of Manpasand Beverages continued to be locked in the same band today as well, as investors continued to be wary of corporate developments. This is despite the company trying to allay fears around the controversy surrounding its auditor, Deloitte, resigning abruptly.
IPCALAB AUROPHARMA 524804 532955 532712 539207 533106 RCOM 524494 OIL HDB 500180 ARBQY 519183 526797 GREENPLY HDFCBANK RECLTD MANPASAND ADFFOODS

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REC Q4 net profit down 37% on higher provisions

2018-05-28 moneycontrol
Rural Electrification Corporation (REC) on Monday reported a 37 percent decrease YOY in its March quarter net profit at Rs 834.79 crore, missing estimates due to an increase in provisions for bad loans.
532955 RECLTD

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