RECLTD:NSE
REC Ltd
၃၀၇.၈၀ ₹
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News stories
From web sources and news partners
Kalkine Media
·
ပြီးခဲ့သည့် ၁ ရက်
RBI Approves Power Finance Corporation's Merger Proposal with REC Limited
TradingView
·
ပြီးခဲ့သည့် ၁ ရက်
REG - Power Finance Corp. Power Finance - 10OE - Update
www.marketscreener.com
·
ပြီးခဲ့သည့် ၁ ရက်
Power Finance Gets RBI No-Objection Certificate for REC Merger
Profile
REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company that finances and promotes power projects across India. It loans to Central/State Sector Power Utilities, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. It is a subsidiary of Power Finance Corporation and is under administrative control of the Ministry of Power, Government of India.
On 20 March 2019, PFC agreed to acquire a 52.63% controlling stake in REC for ₹14,500 crore. On 28 March, PFC announced it had paid for the acquisition and intended to merge with REC in 2020. However, REC has maintained that merging PFC-REC is no longer an option.
From 1 September 2023, REC has been included in the Morgan Stanley Capital International Global Standard Index.
REC has diversified into non-power infrastructure and logistics, now covering airports, metro, railways, ports, and bridges. REC has 22 regional offices.. Wikipedia
About REC Ltd