Edition:
India

REC Ltd (RECM.NS)

RECM.NS on National Stock Exchange of India

130.50INR
18 Oct 2019
Change (% chg)

Rs6.00 (+4.82%)
Prev Close
Rs124.50
Open
Rs125.00
Day's High
Rs131.00
Day's Low
Rs124.55
Volume
9,043,937
Avg. Vol
7,579,278
52-wk High
Rs169.55
52-wk Low
Rs98.75

Latest Key Developments (Source: Significant Developments)

India's REC Sells RECTPCL Unit To Power Grid Corp For 49 Mln Rupees
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - REC Ltd ::SAYS SOLD RECTPCL UNIT TO POWER GRID CORP <<>> FOR 49.4 MILLION RUPEES.  Full Article

REC Approves Proposals For Sale Of Units Of REC Transmission Projects, REC Ltd
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - REC Ltd ::APPROVED PROPOSALS FOR SALE OF UNITS OF REC TRANSMISSION PROJECTS COMPANY AND REC LTD.  Full Article

India's REC March-Qtr Net Profit Rises
Friday, 24 May 2019 

May 24 (Reuters) - REC Ltd ::MARCH QUARTER NET PROFIT 12.56 BILLION RUPEES VERSUS 8.39 BILLION RUPEES LAST YEAR.MARCH QUARTER TOTAL REVENUE FROM OPERATIONS 66.72 BILLION RUPEES VERSUS 59.40 BILLION RUPEES LAST YEAR.  Full Article

Ajeet Agarwal Named Chairman Of Rec Limited - Statement
Friday, 15 Mar 2019 

REC Ltd ::AJEET AGARWAL NAMED CHAIRMAN OF REC LIMITED - STATEMENT.  Full Article

REC Ltd Says P.V. Ramesh Ceases To Be Chairman & MD
Wednesday, 6 Mar 2019 

March 6 (Reuters) - REC Ltd ::P.V. RAMESH CEASES TO BE CHAIRMAN & MD.  Full Article

REC Ltd Approves Raising Limit Of Market Borrowing Programme For FY18-19 To 850 Bln Rupees
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - REC Ltd ::SAYS APPROVED DECLARATION AND PAYMENT OF INTERIM DIVIDEND OF 11 RUPEES PER SHARE.SAYS APPROVED MODIFICATION IN LIMITS OF EXISTING MARKET BORROWING PROGRAMME FOR FY18-19 FROM 600 BILLION RUPEES TO 850 BILLION RUPEES.LAUNCH OF CAPITAL GAINS TAX EXEMPTION BONDS FOR RAISING OF FUNDS ON PRIVATE PLACEMENT BASIS FOR AN AMOUNT OF 25 BILLION RUPEES.  Full Article

Rec Ltd To Consider Proposal For Launch Of Bonds For Raising Of Funds
Monday, 25 Feb 2019 

Feb 25 (Reuters) - REC Ltd ::TO CONSIDER PROPOSAL FOR LAUNCH OF CAPITAL GAINS TAX EXEMPTION BONDS FOR RAISING OF FUNDS DURING THE FMANCIAL YEAR 2019-20.  Full Article

Power Finance Corp Exec Says After Acquisition, REC Will Continue To Be Govt Co
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Power Finance Corporation Ltd Executive::EXEC SAYS AFTER ACQUISITION BY CO, REC WILL CONTINUE TO BE A GOVERNMENT CO.EXEC SAYS AFTER ACQUISITION REC COVENANTS WILL NOT BE BREACHED.EXEC SAYS IN CASE THERE IS SOME BREACH, WE CAN NEGOTIATE WITH BONDHOLDERS.EXEC SAYS PRICING OF THE ACQUISITION WILL BE SUCH THAT OPEN OFFER WILL NOT BE REQUIRED.POWER FINANCE CORPORATION EXEC SAYS ARCELORMITTAL HAS GIVEN A SUBSTANTIAL BID FOR ESSAR MAHAN POWER PLANT AT 40 MILLION RUPEES PER MEGAWATTS.  Full Article

India's REC Dec Quarter Net Profit Rises
Friday, 8 Feb 2019 

Feb 8 (Reuters) - REC Ltd ::DEC QUARTER NET PROFIT 12.75 BILLION RUPEES VERSUS 10.97 BILLION RUPEES LAST YEAR.DEC QUARTER REVENUE FROM OPERATIONS 72.52 BILLION RUPEES VERSUS 56.32 BILLION RUPEES LAST YEAR.  Full Article

Competition Commission Of India Approves Acquisition Of Stake In REC Ltd By Power Finance Corp - Tweet
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Competition Commission Of India::APPROVES ACQUISITION OF ABOUT 52 PERCENT SHAREHOLDING IN REC LTD BY POWER FINANCE CORPORATION LIMITED - TWEET.  Full Article