REC Merger & Restructuring Worth ₹1.88 Cr
REC Ltd transferred its entire stake in Ranipur Chunar Power Transmission Ltd to H G Infra Engineering Ltd for Rs.1.88 Crore.
- Value
- ₹1.88 Cr
- From
- H G Infra Engineering Limited
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REC Ltd transferred its entire stake in Ranipur Chunar Power Transmission Ltd to H G Infra Engineering Ltd for Rs.1.88 Crore.
REC Limited has successfully paid a semi-annual interest of ₹167.36 Crore for its NCD Series GOI-VIII. The payment corresponds to a ₹4,000 Crore issue size.
REC Limited has issued a Put Option notice to bondholders of Series 211 Bonds. Bondholders can exercise the option for redemption of bonds totaling ₹1,200 Crore.
REC Limited sold its subsidiary, Sakoli Power Transmission Limited, to Ashoka Buildcon Limited for ₹3.06 Crore. The transaction was completed on 23 September 2026.
REC Limited is selling its subsidiary, Barmer HVDC Power Transmission Limited, to Power Grid Corporation of India Limited for a total consideration of ₹18.98 Crore.
REC Limited sold its stakes in subsidiaries Barmer HVDC Power Transmission and Sakoli Power Transmission for a combined consideration of ₹22.03 Crore.
REC Ltd's Independent Directors Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi completed their three-month tenure. They ceased from the board on September 22, 2026.
REC Limited has successfully redeemed Commercial Paper worth ₹2,450 Crore upon maturity on September 21, 2026.
REC Limited has confirmed the timely redemption and maturity payment of its Commercial Paper (ISIN: INE020B14706) due on 21.09.2026.
REC Ltd paid ₹74.92 Crore half-yearly coupon on its 8.09% 2028 listed bonds. Payment was made on the due date of 21 Sep 2026.
REC Limited has confirmed the successful payment of interest on its debt securities due on September 16, 2026. The total interest amount paid is Rs. 251.02 Crore.
REC Limited has appointed Ms. Isha Duhan, an IAS officer (2014 batch), as an Executive Director of the company, effective September 10, 2026.
REC Limited has sold its subsidiary, Musalgaon Power Transmission Limited, to Maharashtra State Electricity Transmission Company Limited for ₹2.21 Crore.
REC Limited announced the appointment of M/s. G. S. Mathur & Co. and M/s. S. K. Mehta & Co. as Statutory Auditors for FY 2026-27.
Life Insurance Corporation of India (LIC) increased its stake in REC Limited by 0.038% via market purchase, reaching 5.031% total holding.
REC Limited successfully issued ₹500 Crore of tokenized corporate bonds under SEBI's Regulatory Sandbox Framework. This milestone issuance utilizes digital infrastructure to enhance bond settlement efficiency.
JCR revised REC Limited's long-term issuer credit rating from BBB+ to A-, both with Stable Outlook. The upgrade reflects improved creditworthiness of the power finance company.
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 Ltd reported revenue from operations of ₹14,564 Cr (-5.0% YoY) and net profit of ₹3,375 Cr (-21.7% YoY) for Q4 FY26.