RKEC Projects Limited
Incorporated in 2005, RKEC Projects Ltd is in the business of Civil and Defence Construction
What RKEC files
- Others31
- Important17
- Board Meeting11
- Results5
- Updates3
- Credit Ratings2
RKEC Projects Limited has informed the Exchange regarding 'RKEC Board Committees'.
RKEC Projects reported a default of 63.42 Cr (55.90 Cr principal, 7.52 Cr interest) on loans from multiple banks and financial institutions. Total outstanding borrowings are 229.32 Cr. The company expects to secure additional funds to discharge these liabilities.
RKEC Projects approved financial results for the quarter and year ended March 31, 2026, and appointed an Independent Director. Auditors noted significant concerns: ₹330 Cr bank guarantees invoked, with ₹14.15 Cr Work-in-Progress impacted by MMB contracts. Additionally, ongoing legal proceedings and ₹27.37 Cr in unpaid statutory liabilities persist.
RKEC Projects has defaulted on loan principal (26.71 Cr) and interest (1.41 Cr) to multiple lenders. Total financial indebtedness stands at 194.29 Cr. The company expects additional funds to clear these liabilities.