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REC Ltd - 532955 - Outcome Of Board Meeting (Record Date Intimation)

 Recommendation of Final Dividend of ?4.35 (Rupees Four and Thirty Five Paisa only) per equity share of ?10/- each for the Financial Year 2022-23, subject to approval of the shareholders in the ensuing Annual General Meeting (AGM). In terms of Regulation 42 of SEBI (LODR) Regulations, 2015, the Board of Directors has fixed Friday, July 14, 2023 as the 'Record date' for determining the eligibility of members for payment of final dividend for the financial year 2022-23. After approval of the shareholders in the ensuing AGM, the said final dividend shall be paid/dispatched to those shareholders whose names appear (a) as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on July 14, 2023 in respect of shares held in electronic form; and (b) as members in the register of members on July 14, 2023 in respect of physical shares.
24-06-2023
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REC Ltd - 532955 - Board Meeting Outcome for Outcome Of Board Meeting

 The Board of Directors of REC Limited in its meeting held on Saturday, June 24, 2023 inter-alia considered and approved the following:- 1. Recommendation of Final Dividend of ?4.35 (Rupees Four and Thirty Five Paisa only) per equity share of ?10/- each for the Financial Year 2022-23, subject to approval of the shareholders in the ensuing Annual General Meeting (AGM). This is in addition to the Interim Dividends of ?8.25/- per equity share already declared and paid during the financial year 2022-23 in Two tranches, thereby making total dividend for the Financial Year 2022-23 to ?12.60 per share, on the face value of ?10/- each.
24-06-2023
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REC Ltd - 532955 - Board Meeting Intimation for Intimation Of Board Meeting To Recommend The Final Dividend, If Any, For The Financial Year 2022-23.

 REC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/06/2023 ,inter alia, to consider and approve the proposal for recommending the final dividend, if any, for the financial year 2022-23. Further, it is informed that as per Company''s code of conduct for regulating, monitoring and reporting of trading by Designated Persons and their immediate relatives; the trading window shall remain closed from Wednesday, June 14, 2023 to Monday, June 26, 2023 , for trading in equity shares and listed debt securities (tax free bonds etc.) of the Company, for all designated persons and their immediate relatives. During the above mentioned closure period, all designated persons and their immediate relatives are advised not to deal in REC''s equity shares/securities.
14-06-2023
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REC Ltd - 532955 - General Intimation Regarding Updation Of PAN, KYC, Nomination, Bank Details Etc.

 SEBI vide its Circular No. SEBIIHOIMIRSD/ MIRSD-PoD-I/P/ CIR/ 2023/ 37, dated March 16,2023, prescribed common and simplified norms for processing investor''s service requests by RTAs and norms for furnishing PAN, KYC details & Nomination and advised listed companies to intimate its shareholders, who are holding equity shares in physical form about submission of the same. In compliance of the above Circular, the Company has sent an intimation for the FY 2022-23, to its shareholders, who are holding shares in physical form to furnish /update PAN, email address, mobile number, bank account and nomination details. A copy of intimation, prescribed Forms for submission of requisite information and said SEBI Circular are available on the website of the Company at "recindia.nic.in/ forms" .
09-06-2023

Hot Stocks | Up to 17% rally possible in REC, Havells India, Olectra Greentech in short term, here's why

 Olectra Greentech has sustained well post showing a V Shape recovery from the lower levels of Rs 374.10 (February 2023). A fresh breakout of the Bullish Pennant pattern can be observed on the weekly charts.
02-06-2023
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REC Ltd - 532955 - Compliances-Reg.24(A)-Annual Secretarial Compliance

 In compliance with Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith "Annual Secretarial Compliance Report" for the year ended on March 31, 2023 of REC Limited issued by M/s. Hemant Singh & Associates, Company Secretaries, for your information and record.
29-05-2023
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REC Ltd - 532955 - Outcome Of Board Meeting- Corrigendum

 In continuation to our letter dated May 17, 2023 on above cited subject, the para 3 of the said letter may be read as under: 'Appointment of Shri Hemant Kumar, CGM (Finance) as Chief Compliance Officer of REC Limited for a period of three years with effect from May 17, 2023, i.e. date of Board Meeting in which he has been appointed, in terms of RBI's Guidelines/Circulars.' All other contents / information mentioned in the said letter shall remain unchanged.
24-05-2023
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REC Ltd - 532955 - General Updates

 In reference to the intimation dated May 17, 2023 regarding outcome of Board Meeting and Financial Results, it is informed that the Company has submitted the details of commencement and conclusion of Board Meeting in XBRL filings and the same was inadvertently missed in PDF intimation. It is informed that said Board Meeting commenced at 10.30 AM on May 17, 2023 and concluded at 4.58 PM on same day.
19-05-2023

REC plans to increase loan book over two-fold to Rs 10 trn by 2030

 State-owned non-banking finance firm REC Ltd is planning to increase its loan book over two-fold to Rs 10 lakh crore by 2030, including Rs three lakh crore for renewable energy projects. This assumes significance given India's ambitious target of having 500GW of renewable energy capacity by 2030. REC Ltd's loan book is Rs 4.35 lakh crore as of March 31, 2023. At present, India has a renewable energy capacity of 1,25,692.30MW, excluding 46,850.17 MW of large hydropower. As much as 82,000 MW of renewable energy capacity is under construction, excluding 14,000 MW of hydro projects. India will have to add around 50,000 MW of clean energy capacity every year to meet the target of 500 GW by 2030. Thus finance is an important component of these projects. The REC Ltd will have a loan book of Rs 10 lakh crore by 2030, and 30 per cent of it would come from renewable energy projects, REC Ltd Chairman and Managing Director Vivek Kumar Dewangan said in a media interaction. He told reporters th
18-05-2023

Green energy to hold a third of REC's loan portfolio by 2030: CMD

 The management also said its growing exposure to green energy sector, non-power sectors, such as infrastructure, logistics and irrigation aided its growth plans
18-05-2023
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