REC Ltd - 532955 - Shareholding for the Period Ended December 31, 2021
REC Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2021. For more details, kindly Click here19-01-2022
19-01-2022
Power Finance Corporation, REC Cut Down Lending Rates
Power Finance Corporation and Rural Electrification Corporation have further cut down their lending rates for all kinds of loans, by 40 basis points19-01-2022
REC raises $1,175 million from a consortium of seven banks
State-owned REC has raised USD 1,175 million from a consortium of seven banks.14-01-2022
REC Ltd - 532955 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are enclosing herewith the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 as received from Registrar and Transfer Agent of the Company i.e. KFin Technologies Private Limited for the quarter ended December 31, 2021 in compliance of provisions of aforesaid Regulation.11-01-2022
REC Ltd - 532955 - Statement Of Investor Complaints For The Quarter Ended December 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 09209200 Name of the Signatory :- J S AmitabhDesignation :- Company Secretary and Compliance Officer11-01-2022
REC Ltd - 532955 - 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, 2022 till expiry of forty eight (48) hours after the declaration of financial results for the quarter ended December 31, 2021. 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, 2021 will be intimated in due course.31-12-2021
REC Ltd - 532955 - Sale And Transfer Of Kallam Transmission Limited, Wholly Owned Subsidiary Of RECPDCL And Also Of REC.
This is to inform that Kallam Transmission Limited, a special purpose vehicle (SPY) and wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which is a wholly owned subsidiary of REC, was incorporated to establish transmission system for evacuation of power from RE projects in Osmanabad area (1 GW) in Maharashtra through Tariff Based Competitive Bidding (TBCB). After successful completion of TBCB process, consortium of IndiGrid 1 Limited (70%) and IndiGrid 2 Limited (30%) had emerged as successful bidder for the said project. Accordingly, after receipt of consideration, the entire shareholding of Kallam Transmission Limited, presently held by RECPDCL, has been transferred at par value along with all its assets and liabilities on December 28, 2021 to consortium of IndiGrid I Limited (70%) and IndiGrid 2 Limited (30%). Hence, with effect from the aforesaid date, the above project-specific SPV is not a subsidiary of RECPDCL & REC.29-12-2021
REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Change in Directorate
In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform that Ministry of Power, Government of India vide Order dated December 27, 2021 has communicated the appointment of Smt. Durgesh Nandini Tiwari (DIN 09398540) as Part*time Nonofficial Independent Director on the Board of REC Limited for a period of three years from the date of notification of her appointment, or until further orders. Further, it is informed that Smt. Tiwari has given declaration that she is not debarred from holding the office of Director by of virtue of any SEBI Order or any other such authority. Her brief profile is enclosed as Annexure I.28-12-2021
REC Ltd - 532955 - Upgradation Of Shri Sanjay Malhotra, IAS (RJ:90), CMD - REC To The Level Of Special Secretary In The Rank And Pay Of Secretary To The Government Of India.
In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform that the Appointments Committee of the Cabinet, Ministry of Personnel, Public Grievances and Pensions, Department of Personnel and Training vide its letter dated December 27,2021 has inter-alia approved the in-situ upgradation of Shri Sanjay Malhotra, lAS (RJ:90), presently Chairman and Managing Director of REC Limited, to the level of Special Secretary in the rank and pay of Secretary to the Government of India. Further, Shri Sanjay Malhotra continues to be posted as Chairman and Managing Director of REC Limited.28-12-2021
REC gets $169.5 mn from KfW Development Bank for power, renewable projects
This is the fifth credit line signed between REC Ltd and KfW for financing power sector projects and the third credit line for the financing of renewable energy projects23-12-2021