REC Ltd News

Trading ideas: 5 largecap stocks with up to 18% upside potential

Technical charts show that largecaps stocks - Adani Total Gas, LTIMindtree, Jindal Stainless, RECL and CRISIL are favourably placed for likely gains in the near term.

REC shares rise after board approves fundraising up to ₹1.55 lakh via bonds

REC share price climbed 2 per cent after the company's board gave a nod to fundraise and strike off SPV

REC share falls 3% on AUM growth guidance cut for FY26; check details here

At 1:18 PM, REC share price continued trading near day's low at ₹390, down 2.91 per cent. In comparison, BSE Sensex was trading flat with a positive bias at 81,226.96 level.

REC, NTPC, Powergrid: Are power stocks losing steam? Here's what charts say

Technical chart suggests that power shares could crack up to 23% from present levels. Here are the key support and resistance levels to track on REC, NTPC and Powergrid stocks.

REC Q4 results: Net profit rises 5.6% to Rs 4,304 cr, revenue up 17%

The company's revenue from operatuions has increased by 17 per cent to Rs 15,333.54 crore

REC to focus on thermal, nuclear projects; targets zero NPAs by FY25

REC will increase focus on thermal and nuclear power projects while maintaining green lending goals, as it eyes zero NPAs by the end of FY25, says CMD Jitendra Shrivastava

REC to provide Rs 2.5 trn finance for renewable energy projects till 2030

State-owned non-banking finance firm REC Ltd will increase its exposure to renewable energy projects by about Rs 2.5 lakh crore in next six years to aid India's target of having 500 GW of non-fossil fuel energy by 2030. REC currently has an exposure of about Rs 53,000 crore in renewable energy projects with a total loan book of Rs 5.67 lakh crore as on March 31, 2025. The company has planned to achieve a loan book of Rs 10 lakh crore including Rs 3 lakh crore exposure in renewable energy project by 2030. Renewable energy is a key area where the company will focus in the coming six years in view of nation's ambitious target of having 500 GW renewable energy by 2030. Talking to PTI, REC Chairman and Managing Director Jitendra Srivastava said, "Currently, our loan book stands at around 5.67 lakh crore. and we are trying to aim for a loan book of 10 lakh crore by 2030. Out of this, we would like to see the renewable sector touching around 3 lakh crore, which is currently around Rs 52,0

Q4 results today: L&T, Union Bank, Britannia, Zeel, Asian Paints on May 8

Q4 FY25 company results today: Titan, Kalyan Jewellers, IIFL Finance, and Rec will be among 74 companies to post earnings reports for the January-March quarter on May 8

Govt appoints 2000-batch IAS officer Jitendra Srivastava as CMD of REC Ltd

State-owned REC Ltd on Tuesday announced the appointment of Jitendra Srivastava as its Chairman and Managing Director, with immediate effect. He takes over from Parminder Chopra, CMD, Power Finance Corporation, who was given the additional charge of REC chief, the company said a regulatory filing. The Ministry of Power had conveyed the appointment of Srivastava, Joint Secretary, Department of Drinking Water and Sanitation, Ministry of Jal Shakti as CMD of the REC Ltd in the rank and pay of Additional Secretary to the Government of India, it said. Srivastava is 2000 batch IAS officer of Bihar Cadre. He has held several key administrative and leadership roles in the Centre and Bihar government. Earlier, he served as Secretary to Government of Bihar in Home Department and Public Health Engineering Department (PHED). His postings have included important assignments in sectors such as finance, power sector, education, public health and infrastructure.

Reliance, Hero Moto, Coal India, DLF, REC from BSE 100 index hit 52-wk lows

Asian Paints, Power Grid, Tata Motors, Canara Bank, GAIL (India), Indian Oil Corporation, Jio Financial and Tube Investments of India from the index also hit their respective 52-week lows today

REC Q3 results: PAT grows 23% to Rs 4,076 cr, income at Rs 14,286.91 cr

State-owned REC Ltd on Thursday posted a 23 per cent rise in consolidated net profit to Rs 4,076.35 crore in the December quarter, aided by higher income. It had posted a net profit of Rs 3,308.42 crore in the October-December period of 2023-24 financial year, the company said in an exchange filing. The company's total income rose to Rs 14,286.91 crore in the reporting quarter from Rs 12,071.54 crore in the year-ago period. Total expenses stood at Rs 9,105.94 crore in the latest December quarter as against Rs 7,899.85 crore a year earlier. The board of the company also approved a third interim dividend of Rs 4.30 per share for the financial year 2024-25 and set February 14 as the record date for shareholders to become eligible for the payment. It further approved formation of a joint venture between REC Power Development and Consultancy Limited (a wholly-owned subsidiary of REC) and Mahagenco Renewable Energy Limited in the shareholding ratio of 50:50 for the development of renewa

REC looks to sell Rs 2,848 cr bad loans in Corporate Power with 98% haircut

REC's exposure to CPL is part of a term loan extended by a consortium of lenders, where its voting share is 19.55 per cent in the liquidation process