REC said that its board is scheduled to meet on Wednesday, 26 March 2025, to consider a proposal for the approval of the market borrowing programme for financial year 2025-26.
The said announcement came after market hours on Friday, 21 March 2025.REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).
The companys consolidated net profit jumped 23.2% to Rs 4076.35 crore in Q3 FY25 as compared with Rs 3308.42 crore in Q3 FY24. Total income increased 18.4% YoY to Rs 14,286.91 crore during the quarter ended 31st December 2024.
The scrip shed 0.02% to end at Rs 428.85 on Friday, 21 March 2025.
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