 "REC gains on MoU with AP Power and Transmission Corp of AP")
The company has signed a memorandum of understanding (MoU) with Andhra Pradesh Power Generation Corporation Ltd to provide Rs 3,000 crore for the proposed 500MW Solar Power Generation Project in Anantapur District of Andhra Pradesh, the company said in a release.
The company has also signed a MoU with Transmission Corporation of Andhra Pradesh Ltd to provide Rs 6,000 crore for several Transmission & System improvement projects coming in the capital region of Andhra Pradesh.
The stock opened at Rs 267 and touched a high of Rs 273. At 12:20PM, over 440,000 shares were traded on both the stock exchanges.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%