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REC Ltd fined ₹21.5 lakh by exchanges for board composition breach

REC Limited fined ₹10,77,340 each by NSE and BSE. Total penalty amounts to ₹21,54,680 for board composition breach. Non-compliance occurred during quarter ended June 30, 2026. Cites government appointment protocol as cause for delay.

26Aug 26

REC forms two new subsidiaries to support power transmission project bids

REC Limited has incorporated two new subsidiary companies. The subsidiaries are established to support participation in power transmission project bids in India. The move reflects REC's focus on expanding its footprint in the power infrastructure segment.

21Aug 26

REC transfers full ownership of Luhri Power Transmission to Terralight Solar Energy

REC has transferred full ownership of Luhri Power Transmission to Terralight Solar Energy. The transaction represents a complete divestment of REC's stake in the power transmission entity. Terralight Solar Energy assumes total ownership of Luhri Power Transmission following the transfer.

10Aug 26

REC Q1 Results: Loan growth slows to 1% YoY, CLSA cuts target to ₹420

CLSA has maintained an Outperform rating on REC while cutting its target price to ₹420 after Q1 loan growth slowed to 1% YoY, driven by RBPF run-down and compounded by core margin moderation and a sharp FX loss from rupee depreciation. Asset quality remained benign during the quarter, offering a degree of reassurance. In light of these developments, CLSA has trimmed its FY27 PAT estimate by 2%-3%, reflecting a more cautious near-term earnings outlook for the company.

07Aug 26

REC Ltd. Records Rs. 20.42 Crore Block Trade on NSE at Rs. 366.85 Per Share

REC Ltd. recorded a block trade on the NSE involving approximately 556,728 shares at Rs. 366.85 per share. The total value of the transaction stood at Rs. 20.42 crores. Block trades of this scale are generally associated with institutional participation and are executed outside the open market to limit price disruption.

04Aug 26

REC Limited promotes Somya Kant to Executive Director

REC Limited promotes Somya Kant to Executive Director effective August 3, 2026. Kant, previously Sr. CPM at Karnataka Regional Office, brings over 35 years of finance experience. The appointment was disclosed under SEBI LODR Regulations.

03Aug 26

REC Limited publishes 57th AGM notice, opens e-voting window

REC Limited announced its 57th AGM scheduled for August 25, 2026, via VC/OAVM, with remote e-voting open from August 22-24, 2026. The company published the notice in Business Standard on July 31, 2026, and continues to enforce mandatory electronic dividend payments while offering a special transfer window for physical shares until February 4, 2027.

01Aug 26

REC Limited renewable loan book surges 30% to ₹75,347 crore in FY26

REC Limited reported a 30% increase in its renewable energy loan book to ₹75,347 crore in FY26, raising its share of total loans to 13%. Operational Scope 2 emissions fell by 76% due to green power sourcing. The company secured ISO 31000 accreditation but faced a ₹44.67 lakh fine for board composition non-compliance.

01Aug 26

REC Ltd appoints Mukul Agarwal as Internal Auditor

REC Limited has appointed Shri Mukul Agarwal as its new Internal Auditor, effective August 1, 2026, succeeding Shri Sahab Narain who retired due to superannuation. The appointment was disclosed to stock exchanges under SEBI Listing Regulations. Shri Agarwal is a Member of the Institute of Cost Accountants of India and currently serves as General Manager (Finance & Accounts) at REC.

01Aug 26

REC sells Ryapte Power Transmission SPV to Tata Power for ₹10.86 crore

REC Limited finalized the sale of Ryapte Power Transmission Limited to The Tata Power Company Limited on July 30, 2026, for ₹10,86,62,034. The transaction, executed by subsidiary RECPDCL, involved 50,000 equity shares and was conducted via tariff-based competitive bidding. The SPV contributed negligible revenue and net worth, ensuring minimal financial impact on REC’s consolidated statements.

30Jul 26

REC Ltd incorporates Kukshi Alirajpur Transmission for MP project

REC Limited incorporated Kukshi Alirajpur Transmission Limited on July 29, 2026, with ₹5,00,000 paid-up capital to manage a transmission project in Madhya Pradesh. The entity will be transferred to a successful bidder after the TBCB process concludes.

29Jul 26

REC sells two transmission SPVs for ₹33.26 crore to Power Grid and Terralight

REC Limited has divested two transmission SPVs, Bhadla Ramgarh and Shongtong, for a combined ₹33.26 crore. The buyers are Power Grid Corporation of India Limited and Terralight Solar Energy Tinwari Private Limited. The deals were finalized on July 29, 2026, via competitive bidding, with valuations aligned with Ministry of Power guidelines.

25Jul 26

REC declares ₹4.25 interim dividend, sets record date for July 31

REC Limited declares a ₹4.25 interim dividend for FY27 and sets the record date for July 31, 2026. The company also fixes August 14, 2026, as the record date for the final dividend of ₹1.55 for FY26. Q4FY26 consolidated net profit was reported at ₹4,192.76 crore.

24Jul 26

REC Reports Decline in Q1 Net Profit and Revenue on Year-on-Year Basis

REC recorded a net profit of ₹41.49B in Q1, down from ₹44.5B in the year-ago quarter. Revenue for the same period declined to ₹139B compared to ₹142B on a year-on-year basis. Both key financial metrics reflected a contraction relative to the previous year's corresponding quarter.

21Jul 26

REC Ltd incorporates Dharashiv Power Transmission Limited

REC Ltd has incorporated Dharashiv Power Transmission Limited as a wholly owned subsidiary of RECPDCL to establish a 400 kV GIS switching station in Dharashiv, Maharashtra. The entity, incorporated on July 21, 2026, has an authorized and paid-up capital of ₹5,00,000 and will be transferred to a successful bidder selected through the TBCB process.

20Jul 26

REC appoints Smt. Poonam Chauhan as Independent Director for three years

REC Limited has appointed Smt. Poonam Chauhan as a Non-Official Independent Director on its Board for three years effective July 20, 2026, following an order from the Ministry of Power. The company is finalizing statutory formalities and will disclose further details as required under SEBI regulations.

15Jul 26

REC incorporates wholly owned subsidiary Kesurdi Power Transmission Limited

REC Ltd incorporated Kesurdi Power Transmission Limited on July 14, 2026, with an authorized and paid-up capital of ₹5,00,000 to execute a 220 kV GIS project in Kesurdi, Satara. The subsidiary, owned via REC Power Development and Consultancy Limited (RECPDCL), was formed following a Maharashtra government notification appointing RECPDCL as the Bid Process Coordinator. The entity will be transferred to a successful bidder selected through Tariff Based Competitive Bidding guidelines.

14Jul 26

REC fined ₹5.31 lakh for board composition non-compliance

REC Limited was fined ₹5.31 lakh by stock exchanges for non-compliance with board composition norms during the quarter ended March 31, 2026. The penalty, comprising a basic fine of ₹4.5 lakh and GST of ₹81,000, was levied under Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company's board has requested a waiver, stating that the power to appoint independent directors lies with the President of India through the Ministry of Power.

11Jul 26

REC incorporates Nawada Durgapur Power Transmission subsidiary

REC Limited has incorporated Nawada Durgapur Power Transmission Limited as a wholly owned subsidiary of REC Power Development and Consultancy Limited. The entity, incorporated on July 10, 2026, is established to undertake the ERES-47: Nawada – Durgapur – Jeerat (New) 765kV corridor project allocated by the Ministry of Power. The subsidiary will be transferred to the successful bidder selected through Tariff Based Competitive Bidding guidelines.

01Jul 26

REC transfers two power transmission SPVs for ₹30.54 crore

REC Limited's subsidiary RECPDCL sold WR ER Part A Power Transmission Limited to Power Grid Corporation of India Limited for ₹18.62 crore and WR ER Part C Power Transmission Limited to H G Infra Engineering Limited for ₹11.93 crore on June 30, 2026. The share purchase agreements were executed on the same date, and the entities ceased to be subsidiaries of REC Limited. The transactions were conducted via tariff-based competitive bidding and are not related party transactions.

30Jun 26

REC appoints four Executive Directors effective June 28, 2026

REC Limited has promoted Shri Sahab Narain, Shri Bhupesh Chandolia, Shri Pankaj Gupta, and Smt. S. Jayanthi to the position of Executive Director effective June 28, 2026, subject to the assumption of charge. The appointments, made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, cover key functional areas including Finance & Accounts, Information Technology, and Engineering. The disclosure was submitted by Dinesh Garg, Company Secretary & Compliance Officer, confirming no specific disclosures regarding relationships between directors were required.

29Jun 26

REC board approves merger with PFC at 88:100 share swap ratio

REC Limited's board approved a merger with Power Finance Corporation Limited at an 88:100 share exchange ratio to create a larger financing entity. The merger, subject to regulatory approvals, will result in the absorption of REC into PFC, combining their loan books to over ₹11 lakh crore. The transaction involves no cash consideration and is based on a joint valuation report dated June 28, 2026.

25Jun 26

REC Ltd Records ₹66.67 Crore Block Trade on NSE at ₹362.15 Per Share

REC Ltd recorded a block trade on the NSE valued at ₹66.67 crores, involving approximately 1,840,829 shares at ₹362.15 per share. Such block trades are generally associated with institutional-level participation and are structured to limit market impact. The transaction highlights significant activity in REC Ltd's stock at the stated price level.

24Jun 26

REC appoints Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Independent Directors

REC Limited has appointed Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Part-time Non-Official Independent Directors on its board for a period of three months effective June 22, 2026. The appointments were conveyed by the Ministry of Power, Government of India. Both directors have assumed charge and confirmed they are not debarred from holding the office of director.

20Jun 26

PFC declares no encumbrance on REC shares for FY 2025-26

Power Finance Corporation Ltd declared no encumbrance on REC Ltd shares for FY 2025-26 under SEBI regulations, confirmed by Company Secretary Manish Kumar Agarwal.

15Jun 26

REC Plans Restructuring in Coordination with PFC

REC has announced plans for a restructuring initiative alongside PFC. The nature, scope, and financial implications of the restructuring have not been detailed in the available information. Both companies are involved in the proposed changes, with further disclosures awaited for a comprehensive understanding of the development.

13Jun 26

REC subsidiary transfers Jalna Power Transmission for ₹3.21 crore

REC Power Development and Consultancy Limited transferred its entire shareholding in Jalna Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited for ₹3,21,57,839. The transfer of 50,000 equity shares, executed on June 12, 2026, followed a tariff-based competitive bidding process and Ministry of Power guidelines.

01Jun 26

REC Ltd. Records Block Trade of Rs. 25.79 Crores on NSE at Rs. 335.25 Per Share

REC Ltd. recorded a block trade on the NSE involving approximately 769,379 shares at Rs. 335.25 per share. The total value of the transaction amounted to Rs. 25.79 crores. Block trades of this scale are generally associated with large institutional transactions executed on the exchange.

31May 26

REC transfers two power transmission SPVs for ₹16.67 crore

REC Limited, through its subsidiary RECPDCL, transferred Hampapura Power Transmission Limited and Mekhali Power Transmission Limited to Resonia Limited and Dilip Buildcon Limited respectively for a total consideration of ₹16.67 crore. The transfer, executed on May 30, 2026, involved the sale of 50,000 equity shares in each subsidiary at par value along with all assets and liabilities. The transactions were conducted via a tariff-based competitive bidding process and are not related party transactions.

22May 26

REC Ltd. Sees Block Trade of Rs. 26.45 Crores on NSE at Rs. 335.40 Per Share

REC Ltd. recorded a block trade on the NSE involving approximately 788,726 shares at Rs. 335.40 per share. The total value of the transaction amounted to Rs. 26.45 crores. Block trades of this magnitude are generally associated with institutional investor activity and are executed to limit market impact.

18May 26

REC Limited Appoints Mohammed Azaz Ali as Chief Compliance Officer

REC Limited announced a senior management change effective May 17, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015. Shri Hemant Kumar ceased as Chief Compliance Officer upon completion of his three-year tenure, and Mr. Mohammed Azaz Ali, General Manager (Finance), was appointed in his place. Mr. Ali holds a Bachelor's degree in Electronics Engineering and an MBA in Finance.

10May 26

REC Limited Incorporates Three Wholly Owned Power Transmission Subsidiaries Under RECPDCL

REC Limited, through RECPDCL, has incorporated three wholly owned power transmission subsidiaries — Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited, and Jam Khambhaliya Jamnagar Power Transmission Limited — each with ₹5,00,000 in authorized and paid-up capital. The incorporations follow a Ministry of Power Gazette Notification dated February 12, 2026, nominating RECPDCL as Bid Process Coordinator for inter-state transmission projects under the TBCB process. All three entities will be transferred to successful bidders upon completion of the bidder selection process.

08May 26

REC Limited Appoints Shri Rajesh Kumar Agarwal as PFC Nominee Director on Its Board

REC Limited has appointed Shri Rajesh Kumar Agarwal, Director (Finance) of Power Finance Corporation Limited, as PFC's Nominee Director on its Board effective May 1, 2026, pursuant to Clause 5.1 of the Share Purchase Agreement dated March 20, 2019. The Ministry of Power conveyed approval via Office Order No. F.No. 27-46/1/2018-Office of KKM (DIR) dated May 6, 2026. Shri Agarwal brings over 31 years of experience in the power and financial sectors, having previously worked at NTPC, NPCIL, and DTL.

02May 26

REC Limited Announces Executive Director Smt. Saraswathi's Superannuation

REC Limited has officially notified stock exchanges about the cessation of Smt. Saraswathi as Executive Director due to superannuation on May 1, 2026. The company filed the disclosure under SEBI regulations with both NSE and BSE, with the document digitally signed by Company Secretary Dinesh Garg.

02May 26

REC Limited Director Cessation: Rajiv Ranjan Jha Steps Down Following PFC Superannuation

REC Limited has officially notified stock exchanges about the cessation of Nominee Director Shri Rajiv Ranjan Jha, effective May 1, 2026. The change follows his superannuation from Power Finance Corporation Limited services on April 30, 2026, with the company maintaining full regulatory compliance under SEBI disclosure requirements.

30Apr 26

REC Reports FY26 Results: Q4 Profit ₹33.62B, Dividend ₹18.55/Share

REC Limited announced mixed FY26 results with Q4 standalone net profit declining to ₹3,362.30 crore from ₹4,236.20 crore year-ago, while annual profit grew to ₹16,282.26 crore from ₹15,713.21 crore. The company recommended a final dividend of ₹1.55 per share, bringing total FY26 dividend to ₹18.55 per share, subject to shareholder approval.

29Apr 26

Morgan Stanley Maintains Overweight Rating on REC Limited with ₹455 Target Price Despite Weak Q4 Performance

Morgan Stanley maintains Overweight rating on REC Limited with ₹455 target price despite weak Q4 performance showing 21% YoY PAT decline and 17-22% earnings miss. The poor performance was driven by higher provisioning, weaker PPOP, and muted growth with AUM up only 3% YoY, disbursements down 9% QoQ, and NIM at 3.55% below estimates. However, the brokerage cites healthy underlying asset quality and attractive valuations at ~6x FY27 P/E and ~1x P/BV as key reasons for maintaining the positive rating.

23Apr 26

REC Limited Schedules Board Meeting for April 28, 2026 to Approve FY26 Results and Consider Dividend

REC Limited has scheduled a Board of Directors meeting for April 28, 2026, to approve audited financial results for the quarter and financial year ended March 31, 2026, and consider final dividend recommendations for FY26. The company has implemented a trading window closure from April 1 to April 30, 2026, prohibiting designated persons from trading in REC securities. The meeting agenda focuses on financial results approval and potential dividend declaration, marking an important corporate milestone for stakeholders.

17Apr 26

REC Limited Announces Completion of Tenure for Independent Directors Dr. Gambheer Singh and Dr. Durgesh Nandini

REC Limited has announced the completion of tenure for Independent Directors Dr. Gambheer Singh and Dr. (Smt.) Durgesh Nandini, who ceased to be directors effective April 17, 2026. The directors were appointed by the Ministry of Power for a one-year term beginning April 17, 2025. The company has complied with SEBI disclosure requirements by informing stock exchanges about this board composition change.

16Apr 26

REC Board Officially Approves Rajesh Kumar as Director (Finance) and CFO

REC Limited officially appointed Shri Rajesh Kumar as Director (Finance) and Chief Financial Officer through a board resolution passed on April 15, 2026, with the appointment effective from April 2, 2026. The dual role appointment strengthens the company's financial leadership and demonstrates commitment to strong corporate governance in the power sector financing space.

10Apr 26

REC Limited Appoints Mohan Lal Kumawat as Executive Director (Finance-Bonds)

REC Limited has appointed Shri Mohan Lal Kumawat as Executive Director (Finance-Bonds) in a KMP position effective April 9, 2026. Previously serving as Executive Director at REC, Shri Kumawat brings over 30 years of experience along with qualifications including ICAI and ICSI memberships and an MBA in Finance. The appointment was announced under SEBI Regulation 30 compliance requirements.

07Apr 26

REC Limited Appoints Rajiv Ranjan Jha as Nominee Director from Power Finance Corporation

REC Limited has appointed Shri Rajiv Ranjan Jha as Nominee Director representing Power Finance Corporation Limited, effective April 6, 2026. The appointment received Ministry of Power approval and complies with SEBI regulations under the Share Purchase Agreement dated March 20, 2019. Jha brings 37 years of experience, currently serving as Director (Projects) at PFC since October 2021, with educational qualifications in mechanical engineering and management.

06Apr 26

REC Limited Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

REC Limited filed its mandatory quarterly compliance certificate under SEBI Depositories Regulations for the quarter ended March 31, 2026, submitting the document to NSE and BSE on April 6, 2026. The certificate, prepared by registrar Alankit Assignments Limited, confirms proper processing of physical share certificates for dematerialization, including verification, cancellation, and record updates. This regulatory filing demonstrates the company's adherence to SEBI requirements and proper maintenance of shareholder records during the specified quarter.

02Apr 26

REC Limited Appoints Rajesh Kumar as Director (Finance) for Five-Year Term

REC Limited has appointed Shri Rajesh Kumar as Director (Finance) for a five-year term effective April 2, 2026, following a Ministry of Power order. Kumar, previously Executive Director (Finance), brings over 30 years of finance experience and dual CA-CMA qualifications. His appointment ends the additional charge held by CMD Jitendra Srivastava and positions REC with dedicated financial leadership for future growth initiatives.

02Apr 26

REC Limited Announces Board Change as Nominee Director Ceases Role

REC Limited has announced the cessation of Shri Manoj Sharma as Nominee Director with effect from April 1, 2026. Sharma, who was nominated by Power Finance Corporation Limited, ceased his role following his superannuation from PFC services on March 31, 2026. The company has informed stock exchanges in compliance with SEBI listing regulations.

25Mar 26

REC Board Approves ₹1,60,000 Crore Market Borrowing Plan for FY 2026-27

REC Limited's Board of Directors approved a comprehensive ₹1,60,000 crore market borrowing programme for FY 2026-27 during their March 25, 2026 meeting. The programme includes ₹1,40,000 crore for domestic bonds, debentures and term loans, ₹10,000 crore each for short-term loans and commercial papers, along with separate facility provisions up to ₹20,000 crore for working capital requirements.

18Mar 26

REC Limited Board Addresses Exchange Fines for Board Composition Non-Compliance

REC Limited's Board addressed exchange fines totaling ₹5.43 lakh each from NSE and BSE for Board composition non-compliance during Q3 FY26. The penalties stem from inadequate Independent Director representation under SEBI Regulation 17(1). The Board has requested fine waiver, emphasizing that director appointments are controlled by Ministry of Power, not the company, while maintaining regular follow-up for expedited appointments.

17Mar 26

REC Declares ₹3.20 Fourth Interim Dividend for FY26; Payment by April 14

REC Limited has officially declared its fourth interim dividend of ₹3.20 per equity share for FY 2025-26, representing 32% on face value of ₹10. The board approved this dividend on March 16, 2026, with March 20, 2026 as record date and payment completion by April 14, 2026. The company has published regulatory compliance announcements in Business Standard newspapers and opened a special window for transfer and dematerialisation of physical securities as per SEBI guidelines.

03Mar 26

REC Limited Announces Completion of Independent Director Shri Narayanan Thirupathy's Tenure

REC Limited has announced the completion of Independent Director Shri Narayanan Thirupathy's three-year tenure. Appointed by Ministry of Power on March 3, 2023, his tenure ended on March 2, 2026, and he ceased to be director from March 3, 2026. The company informed stock exchanges in compliance with SEBI regulations.

01Mar 26

REC Limited Announces Cessation of Executive Director Dharmendra Nagpal on Superannuation

REC Limited has announced the cessation of Executive Director Shri Dharmendra Nagpal due to superannuation, effective March 1, 2026. The change in senior management was disclosed to stock exchanges in compliance with SEBI regulations. Company Secretary Dinesh Garg signed the regulatory filing, ensuring proper market disclosure of the management transition.

27Feb 26

REC Completes Sale of Umred Power Transmission Unit for ₹2.34 Crore via TBCB

REC Limited has successfully completed the divestment of its project-specific subsidiary Umred Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited for a total consideration of ₹2.34 crore. The transaction was executed through the Tariff-Based Competitive Bidding method via REC's wholly owned subsidiary RECPDCL, involving the transfer of 50,000 equity shares along with all associated assets and liabilities.

16Feb 26

REC Limited Incorporates Vizag Power Transmission Limited for Green Energy Projects in Andhra Pradesh

REC Limited incorporated Vizag Power Transmission Limited on February 16, 2026, as a wholly owned subsidiary with ₹5,00,000 authorized and paid-up capital. The company was established following Ministry of Power notification to develop transmission systems for Green Hydrogen/Green Ammonia projects in Vizag, Andhra Pradesh. RECPDCL will act as Bid Process Coordinator for bidder selection, after which the subsidiary will be transferred to the successful bidder with all assets and liabilities.

12Feb 26

REC Limited Completes Sale of Bellary Davanagere Power Transmission Subsidiary to Power Grid for ₹13.02 Crore

REC Limited has completed the sale of its subsidiary Bellary Davanagere Power Transmission Limited to Power Grid Corporation of India Limited for ₹13.02 crore on February 12, 2026. The transaction was conducted through competitive bidding via RECPDCL, transferring 50,000 equity shares at par value. The buyer is not related to REC's promoter group, and the subsidiary had negligible financial contribution to the parent company.

11Feb 26

REC Limited Announces Executive Director Cessation Due to Administrative Repatriation

REC Limited announced the cessation of Executive Director Shri Chandra Sekhar Sakhamuri, IAS, effective February 11, 2026, due to his repatriation to Tamil Nadu cadre. The company disclosed this senior management change to NSE and BSE in compliance with SEBI Listing Regulations. Company Secretary Dinesh Garg signed the regulatory filing, which represents a routine administrative transition typical in public sector enterprises.

04Feb 26

REC Issues Official Clarification Denying PFC Merger Discussions

Rural Electrification Corporation has issued an official clarification categorically denying any involvement in merger discussions or negotiations with Power Finance Corporation, responding to recent reports about government plans to merge the two major public sector power financing institutions.

29Jan 26

REC Declares Dividend of ₹4.60 Per Share for Shareholders

Rural Electrification Corporation (REC) has declared a dividend of ₹4.60 per share for its shareholders. This announcement represents the company's distribution of profits to equity holders and demonstrates its commitment to providing regular returns to investors. All eligible shareholders will benefit from this dividend payment as per the applicable record date and terms.

29Jan 26

REC Reports Q3 Standalone Net Profit of ₹40.43 Billion, Marginally Above Previous Year

Rural Electrification Corporation Limited reported Q3 standalone net profit of ₹40.43 billion, marking a marginal 0.32% increase from ₹40.30 billion in the previous year's corresponding quarter. Despite the positive year-on-year growth, the results fell short of analyst expectations of ₹43.00 billion. The performance reflects REC's steady operations in power sector financing, though indicates challenges in achieving higher growth rates in the current market conditions.

23Jan 26

REC Limited Board Meeting Scheduled for January 29, 2026 to Consider Third Interim Dividend for FY26

REC Limited has scheduled a board meeting for January 29, 2026, to consider declaring a third interim dividend for FY26. The announcement, made on January 23, 2026, complies with SEBI Regulation 29 requirements and updates an earlier intimation from January 19, 2026. This represents the company's continued focus on regular shareholder returns during the current financial year.

20Jan 26

REC Limited Announces Strike-Off of Subsidiary Rajgarh III Power Transmission Limited

REC Limited has announced that its project-specific subsidiary Rajgarh III Power Transmission Limited has been struck off from the Register of Companies on January 20, 2026. The subsidiary was wholly owned by RECPDCL, itself a wholly owned subsidiary of REC Limited. Following the strike-off, the company stands dissolved under the Companies Act, 2013, and has ceased to be a subsidiary of both RECPDCL and REC Limited.

20Jan 26

REC Ltd Sees ₹36.87 Crore Block Trade on NSE at ₹364.70 Per Share

REC Ltd recorded a significant block trade on NSE involving 1,010,993 shares worth ₹36.87 crores at ₹364.70 per share. This large institutional transaction demonstrates substantial market activity in the government-owned rural electrification financing company. Block trades typically represent pre-negotiated institutional transactions and can indicate investor sentiment and market dynamics for the stock.

19Jan 26

REC Schedules Board Meeting to Consider Q3 FY25 Results on January 29

Rural Electrification Corporation Limited has scheduled its board meeting for January 29, 2025, to consider and approve Q3 FY25 financial results. The announcement follows standard corporate governance practices, providing stakeholders advance notice of the earnings release. As a key player in India's power sector financing, REC's quarterly results are closely monitored by investors and industry participants.

09Jan 26

REC Transfers Two Power Transmission Subsidiaries to Winning Bidders

REC has completed the transfer of two power transmission subsidiaries to winning bidders following a competitive selection process. The subsidiaries will cease operations under REC on January 9, 2026, completing the company's strategic divestment initiative and allowing focus on core business operations.

09Jan 26

REC Limited Transfers Two Power Transmission Subsidiaries to Ceigall India and Tata Power

REC Limited completed the divestment of two power transmission subsidiaries on January 9, 2026, through its subsidiary RECPDCL. Velgaon Power Transmission Limited was transferred to Ceigall India Limited for ₹1.07 crores, while Jejuri Hinjewadi Power Transmission Limited was acquired by The Tata Power Company Limited for ₹1.57 crores. The transactions were conducted through tariff-based competitive bidding in accordance with Ministry of Power guidelines.

08Jan 26

REC Limited Achieves 'Excellent' Rating for Third Consecutive Year in FY25 MoU Performance

REC Limited has achieved an 'Excellent' rating from the Department of Public Enterprises for its MoU Performance in FY25, marking the third consecutive year of this top rating. The assessment, based on the MoU with holding company Power Finance Corporation Limited, highlights the company's sustained excellence in operational and financial performance according to prescribed DPE guidelines.

07Jan 26

REC Limited Incorporates Munak Power Transmission Limited for 400 KV Infrastructure

REC Limited has officially incorporated Munak Power Transmission Limited on January 5, 2026, with a paid-up capital of ₹5.00 lakh as a wholly owned subsidiary of RECPDCL. The company was established to develop 400 KV substation infrastructure and associated transmission lines for evacuating 800 MW power from DCRTPP, Yamunanagar, following HVPNL's project allocation dated October 1, 2025. The entity will be transferred to the successful bidder after completion of the TBCB selection process.

02Jan 26

REC Limited Records ₹26.46 Crore NSE Block Trade at ₹379.60 Per Share

REC Limited recorded a significant NSE block trade worth ₹26.46 crores involving approximately 697,074 shares at ₹379.60 per share. The transaction indicates substantial institutional investor activity and reflects continued market interest in the financial services company.

02Jan 26

REC, PFC Record Best Weekly Performance in Eight Months with Strong Gains

REC Ltd. and PFC Ltd. shares recorded their best weekly performance in eight months with gains of 7% and 6% respectively, marking three consecutive days of advances. REC traded 3.6% higher at ₹381.05 while PFC gained 3.7% to ₹376.60 on Friday, January 2, 2025. This represents a significant recovery from their 2024 declines of 30% and 20% respectively, which were their worst annual performances since 2011 and 2015. Despite the previous year's poor performance, both stocks maintain strong analyst support with 12 out of 13 analysts recommending "buy" ratings for each company.

26Dec 25

REC Creates Three New Transmission Subsidiaries for State Infrastructure Projects

REC's power development unit has launched three new fully owned transmission subsidiaries to focus on state-level projects. This strategic expansion enhances the company's organizational structure and operational capabilities in the transmission infrastructure sector.

26Dec 25

REC Establishes Apta Power Transmission as Indirect Unit Under REC Power Development and Consultancy

REC Limited has established Apta Power Transmission as an indirect unit under REC Power Development and Consultancy. This corporate restructuring move strengthens REC's organizational structure in the power transmission sector and aligns with the company's strategy of expanding across various segments of the power infrastructure value chain.

22Dec 25

REC Incorporates Ambernath Power Transmission Limited for 400/220 KV GIS Project

REC Limited has incorporated Ambernath Power Transmission Limited as a wholly owned subsidiary to execute a 400/220 KV Gas Insulated Switchgear transmission project. This strategic move enables focused project management and contributes to strengthening power transmission infrastructure in the Mumbai metropolitan region.

20Dec 25

REC Limited Incorporates Musalgaon Power Transmission Limited as Wholly Owned Subsidiary

REC Limited has incorporated Musalgaon Power Transmission Limited, a wholly owned subsidiary through RECPDCL, to execute a 220/132/33 kV AIS transmission project in Nashik, Maharashtra. The new entity has an authorized and paid-up capital of ₹5.00 lakhs. This incorporation follows a Government of Maharashtra order, with RECPDCL appointed as the Bid Process Coordinator for selecting a bidder through Tariff Based Competitive Bidding. After the bidding process, the subsidiary will be transferred to the successful bidder.

07Nov 25

REC Expands Network with Two New Wholly Owned Subsidiaries

REC Limited has established two wholly owned subsidiaries, WR ER Part C Power Transmission Limited and WR ER Part A Power Transmission Limited, each with an authorized and paid-up capital of ₹5,00,000. These subsidiaries are part of the WR-ER Inter-Regional Network Expansion Scheme, following a Ministry of Power notification. REC Power Development and Consultancy Limited (RECPDCL) will oversee the bidding process for these projects. Post-selection, the subsidiaries will be transferred to successful bidders.

29Oct 25

REC Maintains FY26 Growth Target Despite Q2 Decline and Early Loan Repayments

REC reaffirms its 11-12% loan growth target for FY26 despite early loan repayments of ₹49,000 crore in Q2, which reduced loan book growth to 6.60%. The company aims for a ₹10 lakh crore loan book by 2030, requiring over 13% CAGR. Management assures no further significant prepayments expected in the remaining quarters of FY26. REC's current loan book stands at over ₹5.82 lakh crore, with a market cap of approximately ₹97,560 crore.

17Oct 25

REC Limited Reports Strong Q2 Results, Declares ₹4.60 Interim Dividend, and Subsidiary Sells Two Power Transmission Units

REC Limited announced robust Q2 FY2025-26 results with a standalone net profit of ₹4,425.86 crore. The company declared a second interim dividend of ₹4.60 per share. Its subsidiary, RECPDCL, sold two power transmission units. Dinesh Garg was appointed as the new Company Secretary & Compliance Officer effective December 1, 2025.

15Oct 25

REC Ltd to Announce Q2 Results, Consider Interim Dividend on October 17

REC Ltd, a state-owned company, will release its Q2 financial results on October 17, 2025, covering the quarter and six months ending September 30. The Board will review unaudited standalone and consolidated financial statements and consider declaring a second interim dividend for FY26. The trading window for designated persons is closed from October 1 to October 19. REC's stock has declined 25.58% year-to-date and 31.25% over the past year, currently trading at Rs 376.25, closer to its 52-week low of Rs 348.60 than its high of Rs 573.30.

03Oct 25

REC Limited Appoints Power Sector Veteran Thangarajan Subash Chandira Bosh as Director (Projects)

REC Limited, a 'Maharatna' CPSU under the Ministry of Power, has appointed Shri Thangarajan Subash Chandira Bosh as the new Director (Projects). Bosh, with over 35 years of experience in the power sector, will serve until May 31, 2029, or until further orders. He previously held positions as Executive Director at REC and CEO at REC Power Development & Consultancy Limited. Bosh has been instrumental in implementing major national electrification programs and has expertise in project financing and management across various power sector segments.

30Sept 25

REC Expands Power Transmission Portfolio with Two New Subsidiaries

REC Limited has incorporated two new wholly-owned subsidiaries through its subsidiary RECPDCL: Kempegowda Power Transmission Limited and Barmer HVDC Power Transmission Limited. Each has an authorized and paid-up capital of ₹5,00,000. Kempegowda will establish a 400 kV Layout in Bengaluru, while Barmer will focus on power evacuation from Rajasthan REZ Ph-IV. Both will operate under Tariff Based Competitive Bidding guidelines and will be transferred to successful bidders once selected.

29Sept 25

REC Divests Rajgarh Neemuch Power Transmission Subsidiary for ₹5 Crore

REC Limited has sold its subsidiary, Rajgarh Neemuch Power Transmission Limited, to OR Infra Projects Limited for ₹5.00 crore. The transaction involves the transfer of 50,000 equity shares and was executed through REC Power Development and Consultancy Limited. The deal includes a professional fee of ₹15.00 crore and expense reimbursement. REC states that the subsidiary's contribution to turnover, revenue, income, and net worth was negligible in the last financial year. The sale complies with SEBI regulations and was conducted through a tariff-based competitive bidding process.

25Sept 25

REC Limited Establishes New Subsidiary for Renewable Energy Transmission Project

REC Limited has incorporated a new wholly-owned subsidiary, Bellary Davanagere Power Transmission Limited (BDPTL), to strengthen the transmission system for integrating 3 GW of additional renewable energy potential in Karnataka. BDPTL, with an authorized and paid-up capital of ₹5,00,000, was incorporated on September 25, 2025. The project aims to integrate 0.25 GW in Davanagere and 2.75 GW in Bellary. REC Power Development and Consultancy Limited (RECPDCL) will act as the Bid Process Coordinator for selecting a bidder through the Tariff Based Competitive Bidding process.

24Sept 25

REC Divests Entire Stake in Davanagere Power Transmission to Power Grid Corporation

REC Limited has sold its 100% stake in Davanagere Power Transmission Limited to Power Grid Corporation of India Limited for ₹5.00 crore. The transaction, executed through REC's subsidiary RECPDCL, involved transferring 50,000 equity shares at par value, including all assets and liabilities of the project-specific SPV. The sale is expected to have minimal financial impact on REC Limited. The divestment aligns with REC's strategy to streamline its portfolio and focus on core business activities.

23Sept 25

REC Limited Appoints IAS Officer Prince Dhawan as Executive Director

REC Limited, a major player in India's power sector financing, has appointed Shri Prince Dhawan, an IAS officer from the AGMUT cadre, as its new Executive Director effective September 23, 2025. Dhawan, who holds degrees from IIT Delhi and Harvard University, brings experience from his previous roles as Managing Director of Delhi Transport Corporation and Special Commissioner (Transport) for the Government of NCT of Delhi. This appointment represents a change in REC's senior management at one level below the Board of Directors.

06Aug 25

REC Limited Reports Record Q1 Profit of ₹4,451 Crore, Achieves Highest Ever Quarterly Disbursements

REC Limited achieved its highest quarterly net profit of ₹4,451.00 crore, up 29% year-on-year. Quarterly disbursements reached a record ₹59,508.00 crore, increasing 36%. The loan book grew 10% to ₹5.85 lakh crore, with net interest income rising 17% to ₹5,247.00 crore. Asset quality improved with gross NPAs at 1.05% and net NPAs at 0.24%. The company sanctioned over ₹1 lakh crore in projects, with 43% in distribution and 20% in renewable energy. An interim dividend of ₹4.60 per share was approved. Management targets 12% loan growth for the year and anticipates potential provision reversals of ₹700.00-800.00 crore.

01Aug 25

REC Reports 10% Loan Book Growth, Projects 12% Expansion for Coming Year

REC Limited's loan book reached Rs 5,84,568.00 crores, a 10% year-over-year increase. The company projects 12% loan growth for the upcoming year and anticipates potential provision reversals of Rs 700.00-800.00 crores. REC held an Investors Conference Call and announced its 56th Annual General Meeting to be conducted via video conferencing on August 27.

01Aug 25

REC Aims for Net Zero NPAs by FY26, Announces Investor Conference Call

REC Limited, a Maharatna company in power sector financing, aims to achieve net zero non-performing assets (NPAs) by the end of fiscal year 2025-26. The company announced this during an investor conference call, demonstrating its commitment to improving asset quality. REC's 56th Annual General Meeting is scheduled for August 27, 2025, via video conferencing. E-voting for resolutions will be available from August 24-26, 2025. The Board has recommended a final dividend for FY 2024-25, subject to shareholder approval. REC emphasizes the importance of updating KYC details for smooth dividend payments.

24Jul 25

REC Reports 29% Jump in Net Profit to 44.5 Billion Rupees, Declares ₹4.60 Interim Dividend

REC Limited, a power sector financier, reported a 29% increase in net profit to ₹44.50 billion for the quarter. The company's revenue grew to ₹142.00 billion, with interest income on loan assets rising to ₹141.92 billion. The Board declared an interim dividend of ₹4.60 per equity share. REC's financial position remains strong with a net worth of ₹796.88 billion and a capital adequacy ratio of 23.98%. The company also appointed a new Secretarial Auditor and amended its Code of Conduct for insider trading regulations.

22Jul 25

REC Limited Sets Board Meeting to Review Q1 FY2026 Results and Consider Interim Dividend

REC Limited, a Maharatna energy company, has scheduled a board meeting for July 24, 2025. The agenda includes reviewing Q1 FY2025-26 unaudited financial results and considering the declaration of the first interim dividend. A trading window closure is in effect from July 1 to July 26, 2025, for designated persons and their immediate relatives.

07Jul 25

REC Expands Power Infrastructure Reach with Two New Subsidiaries in Maharashtra

Rural Electrification Corporation (REC) has formed two new subsidiary companies dedicated to handling local transmission projects in Maharashtra. This strategic move aims to strengthen REC's presence in state-level power transmission projects and improve power infrastructure development in the region. The focused approach is expected to streamline project management and potentially accelerate the development of power transmission infrastructure in Maharashtra.

01Jul 25

REC Power Development Expands Portfolio with New Subsidiary

REC Power Development has incorporated SR WR Power Transmission as a new subsidiary, potentially expanding its reach in the power transmission market and diversifying its service portfolio. This strategic move is expected to strengthen the company's position in the power sector value chain.

30Jun 25

REC Reports ₹1,393.65 Crore in Outstanding Dues from SPVs, Sanctions ₹30,000 Crore Loan to KIPCL

REC Limited has disclosed ₹549.49 crore in outstanding dues from two Special Purpose Vehicles (SPVs) - TSWRIDC (₹319.74 crore) and KIPCL (₹229.75 crore) - as of March 31, 2023. The total amount owed to REC, including other dues, is ₹1,393.65 crore. Despite these outstanding amounts, REC has sanctioned a significant loan of ₹30,000 crore to KIPCL, demonstrating its continued support for large-scale infrastructure projects in the irrigation sector.

27Jun 25

REC Expands Operations with New Subsidiary RECPDCL

REC, a major player in India's power sector, has established a new wholly owned subsidiary called REC Power Development and Consultancy Limited (RECPDCL). The subsidiary will focus on power development and consultancy services, leveraging REC's industry expertise. This strategic move expands REC's service portfolio beyond its traditional financing role, potentially creating new revenue streams and strengthening its market position in the power sector.

26Jun 25

REC Expands Power Transmission Portfolio with New Subsidiary

REC Limited has formed a new wholly-owned subsidiary, Ananthapuram II Power Transmission Limited, to expand its power transmission operations. This strategic move aims to enhance REC's capabilities in developing and managing power transmission infrastructure. The new subsidiary is expected to allow for a more focused approach to power transmission projects, potentially leading to improved efficiency and specialized expertise. This development signals REC's intention to strengthen its presence in the power transmission sector and could have significant implications for the company's future growth and role in India's power infrastructure development.

05Jun 25

REC Ltd Board Approves ₹1.55 Lakh Crore Fundraising Plan, Subsidiary Strike-Off

REC Ltd's board has approved a ₹1.55 lakh crore fundraising plan through private placement of bonds/debentures, pending shareholder approval. The company also decided to strike off its subsidiary, Rajgarh III Power Transmission Ltd, following project de-notification by the Ministry of Power.

04Jun 25

REC Ltd Approves ₹1.55 Lakh Crore Bond Fundraise, Plans to Strike Off Subsidiary

REC Limited, an Indian power sector financier, has announced plans to raise up to ₹1.55 lakh crore through private placement of bonds or debentures, subject to shareholder approval. Simultaneously, the company has decided to strike off its subsidiary Rajgarh III Power Transmission Ltd. This substantial fund-raising target, approximately $18.70 billion, suggests potential expansion or significant investment plans for REC. The decision to eliminate a subsidiary may indicate a strategic shift in operations.

21May 25

REC Expands Operations with Three New Subsidiary Companies

REC, a leading Indian public infrastructure finance company in the power sector, has incorporated three new subsidiary companies. This move suggests a strategic expansion of REC's operations, potentially aimed at diversification, specialization, risk management, or regulatory compliance. While specific details about the subsidiaries' names, purposes, and structures are yet to be disclosed, this development signals REC's proactive approach to evolving its business model and strengthening its position in the power sector financing landscape.

14May 25

REC Ltd Cuts AUM Growth Guidance, Q4 Profit Up 5.5%

REC Ltd revised its FY26 AUM growth guidance to 11-13% from 15-17%, causing a 3.2% stock price drop to ₹288.80. Despite this, Q4 net profit rose 5.5% YoY to ₹4,236.00 crore. The company proposed a ₹2.60 per share final dividend and approved a joint venture with BHEL for renewable energy projects.