Cabinet gives in-principal approval for sale of government's 52.63% stake in REC to PFC
Both REC and PFC are Central Public Sector Enterprises (CPSEs) under the Ministry of Power.
Dec 07, 2018, 10:19 AM IST
REC plans to garner Rs 700 cr via tax-free bonds
State-owned Rural Electrification Corp (REC) plans to raise up to Rs 700 crore through issue of tax-free bonds this fiscal to meet various funding needs.
Oct 18, 2015, 18:59 PM IST
Rural Electrification Corp Q1 net rises 15% to Rs 1,478.58 cr
The company's net profit in the corresponding quarter of the previous fiscal was Rs 1,282.79 crore, REC Ltd said in a BSE filing.
Aug 07, 2015, 20:20 PM IST
REC incorporates 3 transmission SPVs as subsidiaries
"REC Transmission Projects, an arm of REC has incorporated three project specific Special Purpose Vehicles (SPVs) as its subsidiaries," REC said in a filing to the BSE.
Apr 21, 2015, 15:56 PM IST
REC shares end 2% higher after govt share sale
Shares of Rural Electrification Corporation (REC) Thursday ended nearly two percent higher, a day after the company received an overwhelming response to its share sale by the government.
Apr 09, 2015, 17:56 PM IST
REC shares up over 3% as stake sale over subscribed 5 times
Shares of Rural Electrification Corporation rose by over 3 percent Wednesday as the government's sale of 5 percent stake in the state-run firm got subscribed over five times.
Apr 08, 2015, 18:58 PM IST
REC share sale subscribed over 5 times, govt gets Rs 1,550 cr
The stake sale in Rural Electrification Corpn (REC) is the first in the government's disinvestment pipeline for the current fiscal.
Apr 08, 2015, 17:17 PM IST
REC stake sale Wednesday; govt sets floor price at Rs 315/share
Government will sell 5 percent stake in Rural Electrification Corporation Wednesday at Rs 315 a share to mop up over Rs 1,550 crore, marking the first disinvestment of the current fiscal.
Apr 07, 2015, 18:42 PM IST
REC floor price set at Rs 315 a share, stake sale Wednesday
The government plans to sell 5 percent of its stake in the company tomorrow to mop up close to Rs 1,600 crore.
Apr 07, 2015, 17:30 PM IST
REC shares down nearly 5% ahead of share sale
Shares of Rural Electrification Corporation Ltd Tuesday ended nearly 5 percent lower after the government announced to sell 5 percent of its stake tomorrow in the company to mop up close to Rs 1,600 crore.
Apr 07, 2015, 17:00 PM IST
REC stake sale on Wednesday; govt to get about Rs 1,600 cr
"The offer shall take place during trading hours on a separate window of the stock exchanges and shall commence on April 8," REC said in a filing to the BSE.
Apr 06, 2015, 19:24 PM IST
Fund mop-up via debt placement rises 40% to Rs 2.67 lakh crore
Driven by higher fund mobilisation by PFC and REC, capital raised by Indian companies through corporate bonds on private placement basis surged by 40 percent to Rs 2.67 lakh crore in the first nine months of the current fiscal.
Feb 18, 2015, 15:16 PM IST
CCI orders probe against REC for anti-competitive ways
The Competition Commission has ordered a probe against state-owned REC for allegedly indulging in unfair business practices with respect to financing of rural electrification schemes.
Jan 19, 2015, 17:56 PM IST
Sebi finds 22 PSUs violating norms; SBI files for settlement
Others include SAIL, ITDC, HMT, Shipping Corporation, NTPC, NHPC, STC, Nalco, EIL, REC and Neyveli Lignite.
Dec 05, 2014, 16:22 PM IST
DoD seeks bankers for PFC, REC stake sale; eyes Rs 3,000 cr
The Disinvestment department has initiated the process of appointing merchant bankers to manage the 5 percent stake sale of PFC and REC, which could together fetch over Rs 3,000 crore to the exchequer.
Sep 01, 2014, 21:09 PM IST
Govt may opt for UMPP bidding route for coal mine auction
At present, the Ministry of Power awards ultra mega power projects (UMPPs) of 4,000 MW capacity each through international competitive bidding process.
Aug 12, 2014, 10:57 AM IST
