REC

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Renewables account for higher share in REC’s disbursements

The renewable energy (RE) sector has seen a higher share, year-on-year, in REC’s total disbursements in the first half (H1: April to September) of FY25. According to a brief stock exchange filing, discussing REC’s provisional business performance for H1FY25, Read more

Datta Infra signs MoU with REC for Rs.1,500-crore financing

Adyant Enersol Pvt Ltd, a wholly-owned subsidiary of Datta Power Infra,  has announced a strategic MoU with REC Ltd envisaging Rs.1,500-crore financing from REC, for the development of 500 MW of renewable energy projects. Signing of Read more

REC targets renewable energy loan book of Rs.3 trillion by 2030

REC Ltd, in a release, said that it has undertaken a non-binding financial commitment of increasing its renewable energy (RE) loan book to over Rs.3 lakh crore (Rs.3 trillion), by 2030. This will increase the share of RE in Read more

REC wins “Nodal Agency of the Year” award

REC Ltd has been conferred with the prestigious "Nodal Agency of the Year" award at the “Bharat Electricity – Powering India Awards 2024”. This esteemed recognition is a testament to REC's innovative initiatives and leadership in the energy sector, Read more

Renewables post higher share in REC’s lending portfolio

The renewable energy sector witnessed higher share in the overall lending portfolio of REC Ltd during the first quarter (Q1: April to June) of FY25. In a brief stock exchange filing, REC said that it has “continued its growth Read more

IEX sees highest-ever monthly volume in RTM segment

    Indian Energy Exchange (IEX) witnessed its highest-ever monthly trading volume in the Real Time Market (RTM) segment, in May 2024. In a release, IEX said that RTM volumes in May 2024 were 3,352 MU – the Read more

Renewable energy certificates trade at all-time low on IEX

    Prices of renewable energy certificates (REC) on the Indian Energy Exchange (IEX) fell to a historic low during April 2024. In a release, IEX said that during the REC trading session held on April 24, 2024, Read more

Good prospects from power T&D sector, notes REC CMD

REC Ltd expects good prospects from the power transmission & distribution (T&D) sector in FY25, noted the company’s CMD Vivek Kumar Dewangan. Addressing a media conference in Mumbai on April 30, 2024, Vivek Kumar Dewangan said that the power Read more

Renewable energy dominates REC’s sanctions in FY24

    Renewable energy projects clearly dominated sanctions by REC Ltd during FY24. In a brief stock exchange filing, REC said that its total sanctions in FY24 stood at Rs.3,58,816 crore out of Read more

Impressive growth in REC disbursements to power distribution sector

    REC recorded its highest-ever quarterly disbursements and sanctions during Q3 (October to December) of FY24. In Q3 of FY24, REC recorded overall sanctions of Rs.1,32,049 crore, while disbursements stood at Rs.46,358 crore. Both these were the highest quarterly levels Read more