REC Limited

RECLTD

INE020B01018

Corporate Financial Services

Delayed NSE India S.E. Other stock markets 12:26:09 2024-04-26 am EDT			5-day change	1st Jan Change
456.3 ^INR	+1.12%		+7.34%	+10.69%

Apr. 24	REC Board to Consider Dividend for Fiscal 2024	MT
Mar. 28	REC Gets Board's Nod for Market Borrowing Program Worth INR1.600 Trillion for Fiscal 2025	MT

Government Reportedly Sell Stake In REC To Power Finance Corporation

December 06, 2018 at 12:00 am EST

The Union Cabinet may consider a proposal for sale of 52.63% stake in REC Limited (NSEI:RECLTD) to Power Finance Corporation Limited (NSEI:PFC) for about INR 150 billion, at a hefty premium of 36% over the current market price.

Latest news about REC Limited

REC Board to Consider Dividend for Fiscal 2024	Apr. 24	MT
REC Gets Board's Nod for Market Borrowing Program Worth INR1.600 Trillion for Fiscal 2025	Mar. 28	MT
REC Limited Approves Market Borrowing Programme for the Financial Year 2024-25	Mar. 27	CI
Indian lenders to chase corporate bonds as new investment rules kick in, treasury officials say	Mar. 21	RE
REC Declares Interim Dividend for Fiscal 2024	Mar. 19	MT
REC Limited Approves Third Interim Dividend, Payable on or Before April 17, 2024	Mar. 19	CI
REC Limited Announces Incorporation of Subsidiaries	Mar. 19	CI
Indian firms look to bet big on coal-fired power after long absence	Mar. 05	RE
India's REC to issue deep-discount bonds to raise 50 billion rupees in March, sources say	Feb. 29	RE
REC Limited Announces Change in Directorate	Feb. 01	CI
REC Limited Announces Promotion of Prabhat Kumar Singh as Executive Director of the Company	Jan. 31	CI
REC Logs Jump in Fiscal Q3 Consolidated Profit	Jan. 23	MT
Transcript : REC Limited, Q3 2024 Earnings Call, Jan 23, 2024	Jan. 23
REC Limited Reports Earnings Results for the Nine Months Ended December 31, 2023	Jan. 23	CI
REC to Raise 61 Billion Yen Via Issue of Green Bonds	Jan. 15	MT
India's JSW proposes to top Adani's bid for coal-power plant -sources	Jan. 12	RE
REC, Bank of Baroda Team Up to Fund Power, Infra and Logistics Projects in India	Jan. 05	MT
India's REC hires bankers for up to $500 million yen-denominated green bond fundraise - official	Jan. 04	RE
REC Limited Announces Announcement Change in Management	Dec. 30	CI
Indian firms' dollar debt issuance hit 14-yr low amid global yield pressures	Dec. 20	RE
REC Forms New Wholly Owned Unit	Dec. 20	MT
REC Secures 200 Million Euro Loan from German Bank	Dec. 11	MT
REC Limited Announces Cessation of Swati Gupta as Executive Director	Dec. 01	CI
Pranurja Solutions Ltd announced that it expects to receive INR 142.5 million in funding from REC Limited	Nov. 29	CI
Renewables lender IREDA hits over $1.8 bln valuation in trading debut	Nov. 29	RE

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Company Profile

REC Limited is an India-based infrastructure finance company. The Company's products are interest-bearing loans to state electricity boards, state power utilities/state power departments and private sector for all segments of power infrastructure. It operates in one business segment which is lending to power, logistic and infrastructure sector. Its financial products include long-term loan, medium term loan, short-term loan, debt refinancing, equity financing, financing of equipment manufacturing for power sector, financing of coal mines, policy for funding against regulatory assets (excluding return on equity component) of power utilities and revolving bill payment facility. Its debt refinancing policy is applicable for extending term loan for refinancing existing project term loan of all types of commissioned project in power sector, including renewable energy projects, of government and private sector borrowers. It acts as a nodal agency for the Government of India's schemes.

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Corporate Financial Services

Calendar

2024-05-23 - Q4 2024 Earnings Release (Projected)

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B-

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Sector Other Corporate Financial Services

	1st Jan change	Capi.
REC LIMITED	+10.69%	14.26B
POWER FINANCE CORPORATION LIMITED	+6.64%	16.12B
MITSUBISHI HC CAPITAL INC.	+6.99%	9.28B
CHAILEASE HOLDING COMPANY LIMITED	-11.40%	8.47B
ELEMENT FLEET MANAGEMENT CORP.	-1.62%	6.02B
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED	+62.69%	5.4B
L&T FINANCE LIMITED	+1.27%	5.01B
FEDERAL HOME LOAN MORTGAGE CORPORATION	+60.00%	4.38B
REINET INVESTMENTS S.C.A.	-4.46%	4.17B
FAR EAST HORIZON LIMITED	-7.00%	3.12B

Other Corporate Financial Services

REC Limited

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RECLTD

INE020B01018

Corporate Financial Services

Government Reportedly Sell Stake In REC To Power Finance Corporation

Latest news about REC Limited

Chart REC Limited

Company Profile

Income Statement Evolution

Ratings for REC Limited

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Corporate Financial Services