NABARD raises close to Rs 5,000 crore through three-year bonds
REC may visit market with 10-yr paper next week06-01-2023
06-01-2023
REC Ltd - 532955 - Approval For Sale And Transfer Of WRSR Power Transmission Limited, A Wholly Owned Subsidiary Of RECPDCL, To M/S Adani Transmission Limited.
In pursuance of Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. This is to inform that the Board of Directors of the Company in its meeting held on December 30, 2022 inter-alia approved the sale and transfer of the entire shareholding of WRSR Power Transmission Limited, presently held by REC Power Development and Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, to M/ s Adani Transmission Limited, the successful bidder selected through Tariff Based Competitive Bidding process.30-12-2022
REC Ltd - 532955 - Intimation For Closure Of Trading Window
This is to inform that in terms of Company''s "Code of conduct for regulating, monitoring & reporting of trading by designated persons & their immediate relatives" (''the Code''), the trading window for dealing in equity shares and listed debt securities (tax free bonds etc.) of REC Limited shall remain closed from January 1, 2023 till expiry of forty eight (48) hours after the declaration of financial results for the quarter ended December 31, 2022. During the above period of closure of trading window, all designated persons and their immediate relatives have been advised not to deal in REC''s equity shares/securities. The date of Board Meeting of REC Limited for consideration and approval of financial results for the quarter ended December 31, 2022 will be intimated in due course.26-12-2022
Hot Stocks: Chris Wood adds REC to portfolio; Jubilant Food could rally 38% in 1 year
The stocks which is part of the restaurant industry is moving from strength to strength. It is now communicating to customers about a 20-minute delivery USP. The domestic brokerage firm continues to remain constructive on the stock. Jubilant enjoys structural strength for providing the fastest delivery, it said,22-12-2022
REC Ltd - 532955 - Board Approval For (I) Incorporation Of SPV As Wholly Owned Subsidiary Of RECPDCL And (Ii) Sale And Transfer Of MP Power Transmission Package-I Limited To M/S Megha Engineering & Infrastructures Limited.
1. Incorporation of a project-specific special purpose vehicle (SPV), as wholly owned subsidiary of REC Power Development & Consultancy Limited (RECPDCL), for the transmission project 'North Eastern Region Expansion Scheme-XVI (NERES-XVI)' to be implemented through Tariff Based Competitive Bidding (TBCB) process 2. Sale and transfer of MP Power Transmission Package-I Limited held by RECPDCL to M/s Megha Engineering & Infrastructures Limited, the successful bidder selected through Tariff Based Competitive Bidding process06-12-2022
REC Ltd - 532955 - Clarification On News Item Appearing In The Media/Publication.
This has reference to your letter and email dated December 1, 2022 seeking clarification on news item captioned "REC signs pact with PFC for FY2022-23" appeared on www.livemint.com. As per MoU Guidelines issued by Department of Public Enterprsies (DPE), from time to time, all CPSEs are required to sign Memorandum of Understanding (MoU) for each financial year with the DPE/Holding Company to undertake regular performance evaluation of CPSEs to assess their efficacy towards fulfillment of core objectives for which CPSEs are formed. Accordingly, in compliance of aforesaid guidelines & as a normal practice of signing of MoU with DPE/Holding Company on annual basis, REC Limited, a Maharatna CPSE, has signed an MoU to set internal targets/ parameters for the Financial year 2022-23, with Power Finance Corporation Limited (PFC - Holding Company) on November 29, 2022, as per the DPE Performance Evaluation System for CPSEs.02-12-2022
REC Ltd - 532955 - Clarification sought from REC Ltd
The Exchange has sought Clarification from REC Ltd with reference to the media report appearing on https://www.livemint.com/ dated December 01, 2022 (Link:https://www.livemint.com/companies/news/rec-signs-pact-with-pfc-for-fy202223-11669884510033.html) titled "REC signs pact with PFC for FY2022-23"The reply is awaited.01-12-2022
REC Ltd - 532955 - Sale And Transfer Of Gadag II-A Transmission Limited, Wholly Owned Subsidiary Of RECPDCL And Also Of REC.
In continuation of our earlier letter dated October 27, 2022 on above cited subject, it is informed that after receipt of consideration comprising of professional fees of Bid Process Coordination, interest cost and reimbursement of expenditure incurred on the project by REC Power Development & Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, the entire shareholding of Gadag II-A Transmission Limited, comprising of 50,000 equity shares, presently held by RECPDCL, has been transferred at par value along with all its assets and liabilities on November 18, 2022 to M/s ReNew Transmission Ventures Private Limited, the successful bidder selected through tariff based competitive bidding process to establish Transmission System for "Transmission Scheme for Solar Energy Zone in Gadag (1500 MW), Karnataka: Part A Phase-II" Hence, with effect from the aforesaid date, the above project specific SPV is not a subsidiary of RECPDCL & REC.18-11-2022
REC shares trade ex-dividend today; stock surges
REC said that the said interim dividend shall be paid/ dispatched on November 24, 202207-11-2022
REC Ltd - 532955 - Results Of Postal Ballot - Notice Dated September 26, 2022
The voting results in terms of Regulation 44(3) of the SEBI (LODR) Regulations, 2015 and Scrutinizer''s Report dated October 27, 2022 are attached herewith.29-10-2022