News for REC Limited (RECLTD.BO)

REC stock slipped 1.25% to Rs 434.80 against the previous close of Rs 440.30. Market cap of the firm fell to Rs 1.14 lakh crore.

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State-owned REC has created a subsidiary named Rajgarh III Power Transmission Limited for evacuating power from renewable energy projects in Madhya Pradesh. The subsidiary was incorporated as part of REC Power Development and Consultancy Limited. It will manage a 1500 MW Transmission System in Rajgarh SEZ.

REC plunged 5.02 per cent to Rs 490.45. SBI shares were trading 2.76 per cent lower at Rs 779.90.  Axis Bank cut morning losses and was trading 0.24 per cent higher at Rs 1,137.75. IndusInd Bank dropped 2.49 per cent to Rs 975.25.

PGCIL emerged as the Transmission Service Provider (TSP) for this project through a competitive bidding process conducted by RECPDCL under the Tariff-Based Competitive Bidding (TBCB) framework. The project will be developed on a Build, Own, Operate, and Transfer (BOOT) basis.

ACME Solar Holdings' shares surged 10% after its subsidiary, ACME Sun Power, secured a significant loan of Rs 3,753 crore from REC Ltd. The funding will support the development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project in Rajasthan and Gujarat.

ACME Sun Power, a subsidiary of ACME Solar Holdings, has secured a significant loan of Rs 3,753 crore from REC Limited. The funding will be used to develop and construct 320 MW of green energy projects in Rajasthan and Gujarat. These projects, in collaboration with SJVN, have secured PPAs and grid connectivity, signifying a step towards India's renewable energy goals.

Oct 28, 2024 / 04:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the REC Limited Q2 FY25 Earnings Conference Call hosted by Elara Securities Pr

REC Limited signs MoUs worth ₹1.12 lakh crore with renewable energy developers at RE-INVEST 2024 in Gujarat.

GURUGRAM, India and AHMEDABAD, India, Sept. 18, 2024 /PRNewswire/ -- Hygenco Green Energies Pvt Ltd, a pioneer in producing low-cost green hydrogen, announced entering into a MOU with REC Limited (earlier Rural Electrification Corporation limited) for financing Hygenco's Green Ammonia Project in Gopalpur, Odisha. The MOU was formalized during the 4th Global Re-Invest held in Gandhinagar, Gujarat.

Azure Power has announced plans to prepay green bonds worth USD 310 million, maturing in December 2024. These bonds are linked to seven utility projects across various Indian states. The refinancing, valued at approximately Rs 24 billion, is underwritten by REC Limited and highlights Azure Power's commitment to sustainable growth in India's renewable energy sector.

Stock Market today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 20 December 2023. -- Sensex, Nifty updates 20 December 2023: After opening in record highs, market benchmark indices plunged into the red range on Wednesday. At 3.30 pm, the BSE Sensex declined 930.88 points to 70,506.31, with the Nifty losing 302.95 points to 21,150.15. Sharp unwinding is reflected in mid-cap and small-cap stocks. The Nifty small-cap 100 recorded a percent change of -3.63, while the Nifty mid-cap 100 experienced a change of -3.27%. This was the worst session in three months for small-caps and 12 months for mid-caps.

NOTICES Notice No. 20230216-28 Notice Date ... | February 16, 2023

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