REC LOAN SANCTIONS

The stock price surged 242% from Rs 164 on July 4, 2023, to Rs 562 on July 3, 2024, reaching a record high of Rs 607 on June 3, 2024. However, it couldn't sustain the momentum and consolidated around Rs 500 for three weeks before finally breaking ou...

REC Ltd sanctioned Rs 1,12,747 crore in loans during April-June FY25, reflecting a 24.17% growth from the previous year. The company's focus on renewable energy projects and power sector financing in India remained strong, with significant loan disb...

Loan disbursements rose 27.89 per cent to Rs 43,652 crore in the period under review. During June quarter FY25, Rs 39,655 crore was sanctioned for renewable energy projects, up 58.72 per cent from the year-ago period. Loan disbursements more than do...

“Mahindra & Mahindra continues to be an exception where the volume growth continues to be good, both in UVs as well as if you look at the tractors, tractors after last year's decline are turning to be positive, although the valuations are rich, if a...

RBI's draft guidelines propose increased provisioning for infrastructure projects under construction, potentially impacting India's capital expenditure momentum. Banks fear higher provisions could elevate interest rates, delay projects, and stress l...

REC Ltd is targeting a loan book of Rs 10 lakh crore by 2029-30, with 50-60% of the portfolio consisting of conventional power generation, transmission, and distribution projects and 30% focused on renewable energy. The company's assets under manage...

Infrastructure financier REC on Tuesday reported a 33 per cent rise in its consolidated net profit to Rs 4,079 crore in the March quarter, helped by a healthy growth in core income and a provision write-back.

REC sanctioned record Rs 3.59 lakh crore loans in 2023-24, focusing on renewable energy. Its loan book reached Rs 5.09 lakh crore by March 31, 2024, with a significant increase in loan disbursements.

State Bank of India (SBI) is reportedly in advanced discussions to downsell half of its approximately ₹11,000-crore loan exposure to the Adani Group's Ganga Expressway project. SBI is engaging with institutions like the National Bank for Financing I...

Among the five lenders, REC has sanctioned the highest amount of Rs 1,245 crore, followed by India Infrastructure Finance Company (IIFCL) (`860 crore) and Exim Bank (Rs 455 crore), the people said. The other two members in the consortium are Central...

“We are a Government of India company and getting navratna status is the Government of India's process. We are meeting all the criteria and I believe that the recent meeting was quite satisfactory. Since it is the Government of India's internal proc...

REC Ltd, a state-run infrastructure finance firm, achieved a record quarterly net profit in the September quarter. REC's Chairman and Managing Director, Vivek Kumar Dewangan, aims to increase lending to the renewable energy sector tenfold and raise ...

"We plan to start roadshows in the second half of November to raise $300-500 million. The issuance will happen after that, depending on the response," said Vivek Kumar Dewangan, chairman and managing director, REC Ltd, adding that the company expect...

GMR has secured a ₹4,000-crore loan from an infrastructure finance company to construct a new airport in Vizag. The airport will be GMR's fourth major airport in India and will be built in three phases, accommodating 6 million passengers in the firs...

The REC is on a trajectory to achieve a green finance loan book of Rs 3 lakh Crore by the fiscal year 2030, a statement said.

:The overdues of generation and transmission companies have come down by almost half, from Rs 1,40,000 crore to Rs 70,000 crore. All current dues are being paid on time. Subsidies are coming from the government. Tariff revisions are happening. That ...

There has been significant improvement in the realisation of dues of power generating companies post implementation of Electricity (Late Payment Surcharge and Related Matters) Rules, 2022, promulgated on June 3, 2022, Union Minister for Power, New a...

India is at 175 GW and needs to add 325 GW by 2030. REC aims to build a renewable portfolio and explore opportunities in solar, wind, hydro, storage, hydrogen and methanol initiatives, said VK Singh.

According to two sources familiar with the matter, the discussions have reached an advanced stage, and the loan is expected to be sanctioned soon.