Welcome to REC Limited (REC)

REC came into being in 1969 to articulate a response to the pressing exigencies of the nation. During the time of severe drought, the leaders sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. Thereafter, we have ventured into newer paths and expanded our horizons to emerge today, as a leader in providing financial assistance to the power sector in all segments, be it Generation, Transmission or Distribution.

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Maharatna Psu

ministry

Ministry of power, GOI

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REC Limited (REC) Services

Policy For Funding Against Regulatory Assets (Excluding return On Equity Component) Of Power Utilities

Policy For Funding Against Regulatory Assets (Excluding return On Equity Component) Of Power Utilities

Eligibility The funding against the regulatory assets shall be available only to State Electri

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Long Term Loan Medium Term Loan Short Term Loan Debt Refinancing Equity Financing Financing Of Equipment Manufacturing (Em) For Power Sector Financing of Coal Mines

Long Term Loan Medium Term Loan Short Term Loan Debt Refinancing Equity Financing Financing Of Equipment Manufacturing (Em) For Power Sector Financing of Coal Mines

Scope of Guidelines State/Government sector project shall include the coal mines projects allotte

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Equity Financing

Equity Financing

Nature of Financial Assistance Term loan/ Guarantee assistance shall be extended either for the p

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REC Limited (REC) Latest News

Ajay Kumar Sharma to be next Director (Personnel) of SJVN

Ajay Kumar Sharma to be next Director (Personnel) of SJVN

 Ajay Kumar Sharma is set to be the next Director (Personnel) of SJVN Limited, a Shimla-based PSU under the Ministry of Power. The name has been recommended for the post by the Public Enterprises Selection Board (PESB) Panel on Friday. Presently, he is serving as General Manager in the same organization. The position of Director (Personnel) at SJVN became vacant on April 30 after the retirement of Geeta Kapur. Sushil Sharma, who serves as SJVN's Director (Projects), has taken ov

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IndiaFirst Life Insurance Company appoints Mr. Rushabh Gandhi as Director Sales and Marketing

India First Life Insurance Company has approved the appointment of Mr. Rushabh Gandhi as the Director of Sales and Marketing.  Mr. Rushabh Gandhi has a rich experience of 15 years in the Financial Services Industry. His last assignment was as Director of Sales, at Canara HSBC Life Insurance. Before that he worked with Aviva Life Insurance, Birla Sun Life Insurance Bajaj Alianz Life Insurance, Scotia Bank and Alpic Finance Limited in various capacities.    

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IndiaFirst Life Insurance Company appoints Mr. Rushabh Gandhi as Director Sales and Marketing
AI for IT Operations Platform Market, Trends, Demand, Opportunities and Forecast Analysis 2024-2031

AI for IT Operations Platform Market, Trends, Demand, Opportunities and Forecast Analysis 2024-2031

AUSTIN, TEXAS, UNITED STATES/EINPresswire.com/ -- The Artificial Intelligence for IT Operations Platform Market Share was valued at USD 10.9 Billion in 2023 and is expected to be worth USD 39.7 Billion by 2031, increasing at a 17.5% CAGR between 2024 and 2031. The Artificial Intelligence for IT Operations (AIOps) platform market is experiencing rapid growth driven by the increasing complexity of IT environments and the need for more efficient operations. AIOps platforms utilize advanced algor

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Director Technical Jayakumar inspects Bijari, Chhal, Baroud mines of SECL

New Delhi: SECL Director Technical (Planning/Project) Mr. Franklin Jayakumar visited the Raigarh area today. First of all, he went to the Bijari mine of the area where he took stock of the mining activities. After the Bijari mine, Shri Jayakumar went to Chaal mine, where he reviewed the mining activities in Dharam patch, Chaal old patch of the mine and also inspected the dispatch activities in Chhal silo and siding.

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Director Technical Jayakumar inspects Bijari, Chhal, Baroud mines of SECL
Sterlite Power Receives Stakeholders’ Approval for Demerger of Transmission Business from SPTL

Sterlite Power Receives Stakeholders’ Approval for Demerger of Transmission Business from SPTL

Mumbai: Sterlite Power Transmission Limited (SPTL), a leading power transmission developer and global products and solutions provider in India and Brazil, announced it has received approval from its equity shareholders, secured creditors, unsecured creditors, and non-fund-based lenders for the demerger of its transmission business. The vote on the demerger proposal received 100% approval from secured creditors, 99.26% approval from unsecured creditors, 99.99% from equity shareholders present and

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POWERGRID gets global recognition, receives ATD Best Awards for the third time

Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, has been conferred the prestigious ATD BEST Awards 2024 for its strategic approach to talent development driving business results. The award was received by Director (Personnel), Dr. Yatindra Dwivedi and CGM (HRD), Shri Bipin Kishor Mundu on behalf of POWERGRID at a ceremony held in New Orleans, Louisiana, USA.

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POWERGRID gets global recognition, receives ATD Best Awards for the third time
Muthoot Fin records highest-ever loan disbursement in FY24 at Rs 61,703 crore

Muthoot Fin records highest-ever loan disbursement in FY24 at Rs 61,703 crore

Muthoot FinCorp has recorded the highest-ever loan disbursements in FY24 which rose 18.6 percent to Rs 61,703.26 crore on a consolidated basis.  The consolidated net profit of the company rose 62 per cent to Rs 1,047.98 crore in FY24, Muthoot FinCorp said in a statement. "Muthoot FinCorp Ltd, the flagship company of 137-year-old Muthoot Pappachan Group, reports highest-ever loan disbursements in FY24 with consolidated disbursement at Rs 61,703.2

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India’s crude oil imports hit record high in April 2024 amid rising demand

India’s crude oil imports during April 2024 rose to their third highest level on record as supplies have risen to meet the domestic demand for auto fuels as well as for export opportunities in the northern hemisphere ahead of the summer travel season. The world’s third largest energy consumer India,  imported 21.4 million tonnes (mt) of crude oil last month, a growth of 3 per cent M-o-M and 7 per cent Y-o-Y. Inbound shipments of the critical commodity rose for the third conse

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India’s crude oil imports hit record high in April 2024 amid rising demand
 Part-time Government Nominee Director appointed on Board of RVNL

Part-time Government Nominee Director appointed on Board of RVNL

The Railway PSU board has announced the appointment of N C Karmali as the Part-time Government Nominee Director of the RVNL board. As per the exchange filing of the railway PSU the appointment has been made  by the President of the India. Ministry of Railways, Government of India, has conveyed that the President of India has approved the appointment of Shri N. C. Karmali, Executive Director (Coord.)/ Gati Shakti, Railway Board, as Part-time Government Nominee Director on the Board o

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RVNL received LoA from South Eastern Railway

As per the exchange filing made by the company,  State-owned Railway Rail Vikas Nigam Limited has received a Letter of Acceptance from SER HQ ELECTRICAL/SOUTH EASTERN RAILWAY for the Design, Supply, Erection, Testing, and Commissioning for the upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Kharagpur (Excl.)- Bhadrak (Excl.) section of Kharagpur division of South Eastern Railway to meet 3000 MT loading Target. The provisional nature of the order is

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RVNL received LoA from South Eastern Railway

REC Limited (REC) Address and Contact Details

Plot No. I-4, Sector 29,

Near IFFCO Chowk Metro Station,

Gurugram, Haryana 122001

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