TAG: " REC Limited"

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REC Q1 FY27 Net Profit Rises 23 Percent to INR 4,149 Crore, NII at INR 5,212 Crore

REC Ltd. reported a 23 percent QoQ rise in standalone net profit to INR 4,149 crore and a 5 percent increase in net interest income to INR 5,212 crore in Q1 FY27. The renewable energy portfolio expanded to INR 78,596 crore, accounting for 13.32 percent of the overall loan book.

REC Limited | July 27, 2026 | By Mrinmoy Dey | 333

ACME Solar Secures INR 2,646.64 Crore REC Funding for 450 MW Assured Peak Power Project

ACME Solar’s hybrid project integrates solar power and battery energy storage to deliver reliable, dispatchable renewable energy under a 25-year PPA with SJVN.

REC Limited | July 16, 2026 | By News Bureau | 571

REC Posts INR 16,282 Crore Net Profit in FY26, Loan Book Hits INR 5.84 Lakh Crore

REC has reported its highest-ever annual net profit of INR 16,282 crore in FY26, with its loan book reaching a record INR 5.84 lakh crore as of March 31, 2026. The renewable loan book has increased by 30 percent to INR 75,347 crore.

REC Limited | April 29, 2026 | By Mrinmoy Dey | 1045

ISA Advances Global Mission on AI for Energy at India AI Impact Summit 2026

India AI Impact Summit 2026 highlights citizen-centric India Energy Stack, AI-driven grid modernisation and launch of flagship report on digitally enabled clean power systems.

REC Limited | February 18, 2026 | By News Bureau | 1732

RECPDCL Hands Over 2 ISTS Project SPVs in Maharashtra to Ceigall India and Tata Power

REC Power Development and Consultancy has transferred two Maharashtra intra-state transmission SPVs to Ceigall India and Tata Power under the TBCB route, advancing critical grid infrastructure projects on a BOOT basis.

REC Limited | January 14, 2026 | By Mrinmoy Dey | 885

REC Completes Post-Issuance Assurance for USD 500 Million and JPY 61.10 Billion Green Bonds

REC Ltd. has completed post-issuance assurance for its USD 500 million and JPY 61.10 billion green bond issuances, confirming full allocation of proceeds to eligible projects under its Green Finance Framework.

REC Limited | December 16, 2025 | By Mrinmoy Dey | 1383

REC Approves INR 7,500 Cr Funding for Brookfield’s 1,040 MW Hybrid Project in Andhra Pradesh

REC sanctions INR 7,500 crore for Brookfield’s 1,040 MW hybrid renewable project, which includes 640 MW of wind and 400 MW of solar capacity, in Kurnool, Andhra Pradesh.

REC Limited | November 04, 2025 | By Mrinmoy Dey | 1174

REC Raises INR 5,000 Crore Through Issuance of Bonds

REC Ltd. has successfully raised INR 5,000 crore through bonds. While the NBFC under the Ministry of Power has raised INR 3,000 crore via 5-year bonds at a coupon of 6.87 percent, it raised the balance INR 2,000 crore via 10-year bonds at a coupon of 6.86 percent.

REC Limited | April 29, 2025 | By Mrinmoy Dey | 1280

REC Inks INR 18,360 Crore MoU with Kerala Government for Pumped Storage Projects

REC Ltd, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Energy Management Centre, Kerala, to finance INR 18,360 crore for Pumped Storage Projects over the next five years. The MoU was signed during the Global Green Hydrogen and Renewable Energy Summit 2025 in Kochi.

REC Limited | March 15, 2025 | By Mrinmoy Dey | 1572

REC Announces Senior Management Change, Promotes Saraswathi to Executive Director

Ajay Mathur, who served as the Executive Director, has retired from his position. Following his superannuation, Saraswathi has been promoted as the new Executive Director of the company.

REC Limited | February 01, 2025 | By Abha Rustagi | 2061