REC: Robust Dividends Fuel Investor Excitement, Stock at ATH
By Aayush Khanna On 2 November 2023, REC (formerly known as Rural Electrification Corporation (NS:RECM)) made headlines as its stock soared by nearly 8% to reach an all-time high of INR...
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REC News & Analysis
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REC Limited and Bank of India Unite for $40 Billion Power and Infrastructure Projects
In a major development in the Power and Infrastructure sector, the Rural Electrification Corporation (NS:RECM) (REC) and Bank of India (NS:BOI) (BoI) have entered into an agreement to...
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RBI to Enforce Stricter Norms on State-Owned NBFCS From October 2024
The Reserve Bank of India (RBI) announced on Tuesday its intent to further regulate state-owned non-banking finance companies (NBFCs) through the prompt corrective action (PCA) framework...
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REC, PNB to jointly finance ₹55,000 crore for power, infrastructure projects
In a significant development for the power sector and infrastructure & logistics projects in India, Rural Electrification Corporation (NS:RECM) (REC) and Punjab National Bank (NS:PNBK)...
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REC Limited and Punjab National Bank Forge Joint Financing Agreement
Punjab National Bank (NS:PNBK) (PNB) and REC (NS:RECM) Limited signed a memorandum of understanding (MoU) on Tuesday to jointly fund projects in the power, infrastructure, and logistics...
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ITI best performing small cap stock during the week
New Delhi, Sep 16 (IANS) ITI was the best performing small cap stock during the week in the Nifty 250 Small Cap Index with a gain of 57.9 per cent, as per a research by Nuvama Wealth...
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Maharatna PSU Enters F&O Ban List; NALCO, SAIL Among 9 Stocks Today
By Malvika Gurung Investing.com -- The National Stock Exchange (NSE) has rejigged its Futures and Options (F&O) ban list on September 14, 2023, adding a new stock to the list and removing...
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Jacobi launches Bitcoin ETF — a first for Europe, outshining the U.S.
The new Bitcoin ETF is trading under the BCOIN ticker. The ETF tracks the Melanion Bitcoin Exposure Index which is a custom basket of European and American stocks closely tied to BTC’s...
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Baj Finance, BPCL, Axis Bank Among 7 Nifty Majors to Release Q1 Earnings
By Malvika Gurung Investing.com -- A total of 52 listed companies are scheduled to release their financial earnings for the quarter ended June 30, 2023, on Wednesday, July 26, 2023,...
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GreenCell Mobility to raise Rs 3,000 crore debt from REC Ltd
Chennai, July 24 (IANS) Shared electric mobility player GreenCell Mobility on Monday announced that it would raise Rs 3,000 crore debt from REC (NS:RECM) Ltd. GreenCell Mobility said a MoU...
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Vedanta has best dividend yield among large-cap stocks
New Delhi, July 17 (IANS) Vedanta Ltd has the best dividend yield in the last 12 months among large-cap stocks at 31 per cent.As per a report by Axis Securities, it is followed by...
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Biden administration announces $42 bn high-speed internet programme
Washington, June 27 (IANS) The administration of US President Joe Biden has announced a more than $42 billion plan to expand high-speed internet access in the country.The White House said in...
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Maharatna Firm Declares Final Dividend, Record Date; InvestingPro Bullish
By Malvika Gurung Investing.com -- The state-owned finance company REC (NS:RECM) Ltd has declared a final dividend for the financial year ended March 31, 2023, in its Board meeting held on...
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Telangana's debt up by 11% in a year, but it's still among bottom 5 borrowers
As per 2023-24 Budget, the debt burden will increase to Rs 3,57,059 crore. The same stood at Rs 3.22 lakh crore during 2022-23.However, in terms of percentage of Gross State Domestic Product...
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Paytm Money launches bond investing, to drive innovation by simplifying investing
New Delhi, May 23 (IANS) One97 Communications Limited (OCL), that owns leading mobile payments and financial services company Paytm (NS:PAYT), on Tuesday announced that its wholly-owned...
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Vedanta has best dividend yield among large cap stocks
New Delhi, May 15 (IANS) Vedanta (NS:VDAN) Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent. As per a report by Axis Securities, it is followed by...
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Major Companies Set to Release Q4 Earnings This Week
By Malvika Gurung Investing.com -- The week starting on May 14, 2023, will be lined with more than 500 companies set to release earnings results for the quarter ended March 31, 2023. This...
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Maharatna PSU Raises $750 Million Through Green Bonds
By Malvika Gurung Investing.com -- The leading infrastructure finance company REC (NS:RECM) Ltd has raised a total of $750 million by issuing green bonds. REC is a Maharatna Central Public...
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Rated Indian finance Cos have good asset quality, poor profitability in emerging markets: Moody's
Chennai, March 1 (IANS) Indian finance companies rated by it have relatively good and stable asset-quality metrics as compared to other rated entities in the six emerging markets, said...
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L&T, BPCL, PNB, Tech Mahindra & GAIL Among Top Q3 Earnings in Focus
By Malvika Gurung Investing.com -- The domestic market indices made a negative opening on Monday with benchmark indices Nifty 50 trading 0.34% at 17,545.15, and Sensex down 0.26% or 152.5...
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Loans of Rs 7.62 lakh cr provided to thermal power plants in India: Report
New Delhi, Dec 15 (IANS) Loans amounting to Rs 7.62 lakh crore have been provided by 84 lenders, both national and international, to thermal power projects in India, with a capacity of 1,000...
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Commercial losses of power discoms fall by 5% in one year
New Delhi, Dec 5 (IANS) Aggregate Technical and Commercial Loss (AT&C) losses of power distribution companies have declined significantly to 17 per cent in financial year 2022 from 22 per...
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States' outstanding dues towards discoms fall to Rs 1,13,269 cr
New Delhi, Nov 30 (IANS) Recovery of outstanding dues of power generation and transmission companies from states have come down from Rs 1,37,949 crore in June to Rs 1,13,269 crore now. This...
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Stocks to Trade Ex-Dividend Today, Record Date Details: REC & 2 More
By Malvika Gurung Investing.com -- Three stocks are scheduled to trade ex-dividend on Monday. They include the: state-owned Maharatna company REC (NS:RECM), India’s largest producer and...
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Q2 Results Due on Oct 27 As Street Sees Positive Vigour, Dow Futures Rise
By Malvika Gurung Investing.com -- Indian equity benchmark indices Nifty50 and Sensex advanced up to 0.4% at the time of writing on Thursday after opening on a positive note, following firm...
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Top Nifty50 Stocks in Radar: Infosys, HCL Tech, PowerGrid, Wipro, M&M & More
By Malvika Gurung Investing.com -- Infosys (NS:INFY): Ahead of its Q2FY23 earnings announcement, the IT behemoth’s president Ravi Kumar S has resigned from his position after an almost...
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Govt notifies credit guarantee scheme for startups
New Delhi, Oct 7 (IANS) The Commerce Ministry has notified setting up of the Credit Guarantee Scheme for Startups (CGSS), aimed at providing credit guarantees to loans extended by scheduled...
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RIL expands its value chain to improve capabilities in solar panel manufacturing
New Delhi, Sep 23 (IANS) The pieces to develop end-to-end solar panel manufacturing capabilities are all coming together in the Reliance Industries (NS:RELI) announcement to acquire a...
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Stocks in Focus on Sept 22: SBI, HDFC Bank, SpiceJet, PB Fintech & More
By Malvika Gurung Investing.com -- State Bank of India (NS:BOI): The country’s largest lender informed raising Rs 4,000 crore through Basel III compliant Tier 2 bonds at a coupon rate of...
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Here’s Why Suzlon Energy Shares Rallied 20% on Monday: Typo Rectification
By Malvika Gurung Investing.com -- Shares of the renewable energy company Suzlon Energy (NS:SUZL) soared on Monday and hit a 20% upper circuit at Rs 10.55 apiece. The stock rallied after...
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Mukesh Ambani announces investments of Rs 3.5 lakh crore at RIL AGM
New Delhi, Aug 29 (IANS) Mukesh Ambani, Chairman and Managing Director of Reliance Industries (NS:RELI) Limited (RIL), on Monday announced investment plans to the tune of Rs 3.5 lakh crore...
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Renewable Energy India: REC showcases its new Alpha Pure-R solar panel
Mumbai, Aug 17 (IANS) REC Group (NS:RECM), an international pioneering solar energy company headquartered in Norway, and its new parent company, Reliance Industries Limited (NS:RELI), are...
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Reliance builds technology & innovation portfolio for Green Energy foray through partnerships, acquisitions, R&D
New Delhi, Aug 8 (IANS) In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries (NS:RELI), said "we entered into a series of partnerships,...
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World Bank supports electricity supply, clean energy for B'desh
Dhaka, June 30 (IANS) The Bangladesh government and the World Bank have signed a 515 million financing agreement to help 9 million people in country get access to reliable electricity supply...
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TN discusses with lenders to reduce interest rate for TANGEDCO, to rationalise tariff categories
Chennai, April 26 (IANS) Tamil Nadu (NS:TNNP) government is in discussions with the lenders to its power utility to reduce their interest rate, said the Minister for Electricity, Prohibition...
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3 Stocks with a Dividend Yield of Over 5%
By Aditya Raghunath Investing.com -- Buying shares of companies that pay regular dividends are a great of ensuring passive income. Dividend stocks are generally well-established companies...
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2 Stocks Below Rs 150 and a Dividend Yield of Almost 9%
By Aditya Raghunath Investing.com -- When the market goes through periods of volatility, it is natural for investors to look at regular sources of income. Every investment portfolio should...
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BRIEF-REC Prices $500 Mln, 2.25% Notes Due 2026
Feb 23 (Reuters) - REC Ltd RECM.NS :* PRICED $500 MILLION, 2.25% NOTES DUE 2026 UNDER $7 BILLION GLOBAL MEDIUM TERM NOTE PROGRAMME
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BRIEF-Rec Ltd - Approved Proposals For Sale Of Certain Special Purpose Vehicles
REC Ltd RECM.NS :* REC LTD - APPROVED PROPOSALS FOR SALE OF CERTAIN SPECIAL PURPOSE VEHICLES
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BRIEF-India's REC Dec-Quarter Net Profit Rises
Feb 4 (Reuters) - REC Ltd RECM.NS :* INDIA'S REC DEC-QUARTER NET PROFIT 22.63 BILLION RUPEES VERSUS 16.42 BILLION RUPEES YEAR AGO* REC DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 90.42 BILLION...
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BRIEF-REC Ltd Says Sanjay Malhotra Takes Charge As Chairman, MD
Nov 9 (Reuters) - REC Ltd RECM.NS :* SANJAY MALHOTRA TAKES CHARGE AS CHAIRMAN, MD
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BRIEF-India's REC Ltd Sept-Qtr Net Profit Rises
Nov 6 (Reuters) - REC Ltd RECM.NS :* APPROVED PAYMENT OF INTERIM DIVIDEND OF 6 RUPEES PER SHARE* SEPT-QUARTER NET PROFIT 21.9 BILLION RUPEES VERSUS 13.07 BILLION RUPEES YEAR AGO*...
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BRIEF-REC Ltd Approves Incorporation Of Two Project SPVs As Units
June 17 (Reuters) - REC Ltd RECM.NS :* APPROVED INCORPORATION OF TWO PROJECT SPVS AS UNITS
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BRIEF-India's REC March Qtr Net Profit Slides
June 17 (Reuters) - REC Ltd RECM.NS :* MARCH QUARTER NET PROFIT 4.36 BILLION RUPEES VERSUS 12.56 BILLION RUPEES LAST YEAR* MARCH QUARTER TOTAL REVENUE FROM OPERATIONS 78.39 BILLION RUPEES...
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BRIEF-REC Issues $500 Mln 4.75 Per Cent Notes Due 2023
May 13 (Reuters) - REC Ltd RECM.NS :* HAS ISSUED $500 MILLION 4.75 PER CENT NOTES DUE 2023, ON MAY 12, 2020* NOTES WILL MATURE ON MAY 19, 2023 & ALL PRINCIPAL & INTEREST PAYMENTS WILL BE...
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