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REC Limited is divesting its subsidiary, Shongtong Power Transmission Limited, to Terralight Solar Energy Tinwari Private Limited. The cash-based transaction is valued at approximately ₹20.41 Crore.
REC Limited sold its subsidiary, Bhadla Ramgarh Power Transmission Limited, to Power Grid Corporation of India Limited for ₹12.86 Crore in an all-cash deal.
REC Limited has divested two project-specific subsidiaries, Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited, for a total consideration of ₹33.26 Crore.
REC Limited has processed a semi-annual interest payment of ₹32.88 Crore for its NCD Series GOI-XIII. The payment was completed on July 28, 2026.
REC Limited has declared an interim dividend of ₹4.25 per equity share for the financial year 2026-27, with a record date set for July 31, 2026.
REC Limited reported a net profit of ₹4,149 Crore for the quarter ended June 30, 2026, marking a 23% increase from the previous quarter. The company also declared an interim dividend of ₹4.25 per share.
REC Ltd reported revenue from operations of ₹14,435 Cr (-2.6% YoY) and net profit of ₹4,193 Cr (-6.1% YoY) for Q1 FY27.
REC Limited incorporated a new wholly-owned subsidiary, Dharashiv Power Transmission Limited, to establish a 400 kV GIS switching station in Maharashtra. This subsidiary is a special-purpose vehicle.
REC Limited scheduled a board meeting for July 24, 2026, to consider quarterly financial results and a first interim dividend for FY 2026-27.
REC Limited has appointed Smt. Poonam Chauhan as a Non-Official Independent Director for a three-year term.
REC Limited's subsidiary, RECPDCL, incorporated Yavatmal Power Transmission Limited to facilitate an intra-state transmission project. The subsidiary was incorporated with a cash consideration of ₹0.05 Crore.
REC Ltd has incorporated two new wholly-owned subsidiaries, Beed Parli Power Transmission Limited and Yavatmal Power Transmission Limited, to facilitate power transmission projects.
REC Limited reported a total fine of Rs. 10.62 Lakhs imposed by NSE and BSE for board composition non-compliance. The company is seeking a waiver.
REC Limited incorporated Nawada Durgapur Power Transmission Limited as a wholly-owned subsidiary. The entity will act as a project-specific vehicle for power transmission projects.
REC Limited confirmed a ₹31.98 Crore interest payment for its NCD Series GOI-XII. The payment was completed on July 07, 2026.
REC Ltd submitted a Timely Payment Certificate for several NCD series. The filing confirms interest payments and redemption schedules were met.
REC Limited's Board approved a merger scheme with Power Finance Corporation. The proposed share exchange ratio is 88 shares of PFC for 100 shares of REC.
REC Ltd approved a merger by absorption into Power Finance Corporation. The board also proposed raising up to ₹14,000 crore via NCDs.
REC Ltd has made an interest payment of ₹1.72 Crore for NCD Series 180-B. The payment was completed on June 25, 2026.
REC Limited paid ₹1.72 Crore in interest for NCD Series 180-B. The payment was completed on 25-June-2026.
REC Ltd confirmed timely payment of ₹159.16 Crore interest on NCD Series 199. This demonstrates strong debt servicing capability and creditworthiness.
REC Limited sold its subsidiary, Jalna Power Transmission Limited, for ₹3.22 Crore. The transaction with Maharashtra State Electricity Transmission Company was completed via cash consideration.
REC Limited sold its SPV subsidiary Jalna Power Transmission Ltd for ₹0.32 Crore. The transaction removes the entity from REC's consolidated structure.
REC Limited received Presidential approval for its merger into Power Finance Corporation Limited. This is a significant step towards consolidation of the two state-owned power sector lenders.
REC Limited confirmed timely interest payment of ₹106.59 Crore for its NCD Series 169. This disclosure ensures compliance with SEBI's debt security listing regulations.
REC Limited successfully paid ₹1,029.45 Crore in interest for five NCD series on June 1, 2026. This timely payment confirms the company's strong debt servicing capability.
REC Limited successfully paid ₹1,30.60 Crore interest and ₹16,79.00 Crore principal for NCD Series 228-A. The total redemption of ₹1809.60 Crore demonstrates strong liquidity.
REC Limited completed the sale of its subsidiary, Mekhali Power Transmission Limited, to Dilip Buildcon Limited for ₹8.06 Crore. The cash transaction finalized on May 30, 2026.
REC Limited sold its subsidiary, Hampapura Power Transmission Limited, to Resonia Limited for ₹8.61 Crore. The cash transaction involves a non-related party and was executed at arm's length.
REC Limited's subsidiary transferred two project-specific SPVs to successful bidders for ₹16.67 Crore. These entities are no longer subsidiaries of the company.