REC Limited
REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution.
What REC files
- Others253
- Important48
- Updates42
- Dividend/Bonus26
- Investor Meet18
- Board Meeting16
REC Limited has announced a key addition to its leadership team with the appointment of Ms. Isha Duhan, an IAS officer from the Uttar Pradesh cadre, as Executive Director in the senior management. This strategic inclusion brings valuable administrative expertise from her prior extensive public sector governance experience, including her...
REC Limited's subsidiary has successfully transferred its entire shareholding in Musalgaon Power Transmission Limited along with assets and liabilities to Maharashtra State Electricity Transmission Company Limited for 1.21 Cr, marking the exit of the project-specific subsidiary from the corporate fold.
REC Limited successfully issued India's first pilot tokenized corporate bonds worth 500 Cr, securing 796 Cr in bids. The offering achieved same-day settlement via atomic Delivery-versus-Payment, highlighting strong investor demand and advancing digital infrastructure in India's debt markets at a 7.30% coupon rate.
REC received fines of ₹0.11 Cr each from NSE and BSE for non-compliance with Board composition rules. The company stated director appointments are vested with the President of India via the Ministry of Power, not the company.
REC, via its subsidiary RECPDCL, incorporated two new wholly-owned subsidiaries, Vikramshila and Alkud II Power Transmission. These entities, each capitalized at ₹0.05 Cr, will execute specific intra-state power transmission projects in Bihar and Maharashtra, eventually transferring to successful bidders post-competitive bidding.