REC share price climbed 2 per cent after the company's board gave a nod to fundraise and strike off SPV
The company's revenue from operatuions has increased by 17 per cent to Rs 15,333.54 crore
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
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
Market participants noted that spreads on AAA-rated corporate bonds have tightened considerably in April compared to previous months
REC Ltd plans to raise ₹1,55,000 cr in FY26 via domestic bonds, debentures, capital gains bonds, rupee term loans, and external commercial borrowings (ECBs)
Here are the complete details of stocks that will remain in the spotlight today, owing to the announcement of interim dividends for their respective shareholders
Here is the complete list of stocks to remain in focus during next week, following the announcement of corporate actions such as dividends, bonus issues, and rights issues etc
Nabard, Sidbi to tap market this week to raise Rs 17,000 crore; Ireda eyes Rs 2,000 crore via perpetual bonds
REC is tapping the market on March 17 to raise as much as Rs 6,000 crore through two tranches via bonds maturing in three years and 10 years
REC raised Rs 2,595 crore at 7.28%; IIFCL raises Rs 1,040 crore at 7.56%
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
The cut-off for 'AAA'-rated issuers' long-term issuance has moved up in the last few months, market experts said
The issuance has a base size of Rs 500 crore with a green shoe option of Rs 2,500 crore
Stocks to Watch, Jan 8, 2025: From Tata Steel to Dr. Reddy's Labs, here is a list of stocks that will remain in focus today
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
Market participants said that the company did not raise the entire amount as the investors were demanding a higher coupon
REC looking to raise Rs 6,500 crore this week
State-owned REC Ltd on Saturday posted around 7 per cent rise in its consolidated net profit to Rs 4,037.72 crore for the September 2024 quarter, mainly on the back of higher income. Its consolidated net profit stood at Rs 3,789.90 crore in the quarter ended September 2023, a BSE filing showed. The total income rose to Rs 13,706.31 crore in the quarter under review from Rs 11,684.89 crore a year ago. The board also approved the second interim dividend of Rs 4 per equity share of Rs 10 each for 2024-25. The record date for the interim dividend is November 18. The interim dividend will be paid on or before November 22, 2024. In a separate statement, the company said, "Owing to growth in all the verticals, resetting of interest rates on loan assets and effective management of finance cost, REC is able to maintain its spreads and NIMs (Net Interest Margin) resulting in H1 PAT of Rs 7,448 crore". The earnings per share (EPS) for the period ended September 30, 2024, accelerated to Rs 2
State-owned REC has disbursed loans worth Rs 90,955 crore during April-September FY25, up 20.10 per cent from the year-ago period. Of the total amount, Rs 11,297 crore was green loan, 92.68 per cent higher year-on-year, the company said in a statement. In the September quarter of FY25, REC said it disbursed Rs 47,303 crore loans, 13.71 per cent higher than the Rs 41,598 crore disbursed a year earlier. Of this, renewable energy loans aggregated to Rs 5,946 crore, up 37.35 per cent YoY. Renewable energy loans accounted for 13 per cent of the total disbursals in the July-September period in FY25 as against 10 per cent in the year-ago period. REC, under the Ministry of Power, is a non-banking financial company focusing on power sector financing in India.