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Public Sector
ONGC to invest Rs 1L cr in low carbon energy
The country’s largest crude oil and natural gas producer said it has detailed a road map to scale up its low-carbon energy portfolio significantly.
Mrs. Parminder Chopra’s appointment as CMD of PFC gets Govt Nod
New Delhi: Smt. Parminder Chopra has been appointed as Chairman and Managing Director (CMD), of Power Finance Corporation Limited (PFC) by the Central Govt. effective August, 14. She has been holding the additional charge of Chairman and…
PFC registers 43% rise in net Profit, rewards investors with1:4 Bonus
New Delhi: Maharatna power sector enterprise PFC has registered robust results for the Q1'24 with 43 % surge in standalone Profit After Tax and has rewarded investors a with of 1:4 shares. This reinforces Company’s commitment to deliver…
REC doubles its Market Cap in one year; figures in Morgan Stanley Global Index
Gurugram, REC Limited, the Maharatna CPSE under the Ministry of Power, has secured coveted place in the esteemed Morgan Stanley Capital International (MSCI) Global Standard Index, effective from 1st September 2023.
A recent report by…
‘Bijli Utsav’ organized by REC in Nashik to rejig ‘Azadi Ka Amrit Mahotsav’
Gurugram: As a part of 'Azadi Ka Amrit Mahotsav' – to celebrate 75 years of Independence, REC Limited, a Maharatna Company under the Ministry of Power, Govt. of India organized 'Bijli Utsav' in Odha village, Nashik district in Maharashtra.…
REC organizes ‘Bijli Utsav’ in Jaipur to rejig Azadi Ka Amrit Mahotsav josh
Jaipur: As a part of 'Azadi Ka Amrit Mahotsav' – celebrating 75 years of Independence, REC Limited organized 'Bijli Utsav' in Goner village, Jaipur, Rajasthan in last week.
The program was attended by Smt. Meena Patwa, Sarpanch; K C…
ET Prime’s “Finance Leader of the Year’ award goes to Smt. Parminder Chopra Dir.…
Smt. Parminder Chopra, Director (Finance) and CMD (Addl. Charge), has been conferred with the “Finance Leader of the Year" Award.
LIC introduces the “Jeevan Kiran” insurance plan
LIC introduces the "Jeevan Kiran" insurance programme. The insurance term ranges from 10 to 40 years, and premium payments can be made in the form of a single premium or a recurring premium that is due for the duration of the policy term.
REC declares robust Q1, FY24 results, rewards shareholders with Rs. 3 per share
New Delhi: The Board of Directors of REC Limited, have approved the unaudited standalone and consolidated financial results for the quarter ended 30th June 2023.
Owing to the improved asset quality and effective cost management, REC is…
PFC joins Asia Transition Finance Study Group, as 1st Indian company
Goa: Power Finance Corporation has announced joining “Asia Transition Finance Study Group” (ATFSG) during the Bilateral Ministerial Meeting between Minister of Power, New and Renewable Energy Mr. R. K. Singh and Mr. Yasutoshi Nishimura,…
PFC spreads its wings into Clean Energy space with MoUs worth ₹ 2.37 Lac Crores
New Delhi: With a view to position itself as the focal funding agency for energy transition into Cleaner Power, the Power Finance Corporation Ltd (PFC), executed various Memoranda of Understanding (MoU) worth more than ₹ 2.37 lac crores…
Smt. Parminder Chopra of PFC bestowed with ‘Icon of the Year’ Award
ICAI's prestigious honour was awarded by Union Minister of Law & Justice AR Meghwal to Ms Chopra officiating CMD of premier power sector PSU
PFC extends financial assistance for BS-VI grade fuels of HPCL Rajasthan Refinery Project
New Delhi/Barmer: Power Finance Corporation Ltd. (PFC), a Maharatna Company and India's leading NBFC in the power sector has extended its financial Assistance for ₹ 9,187 cr to HPCL Rajasthan Refinery Ltd for its 9 MMTPA…
REC extends Rs 4,785 Crore for HPCL Rajasthan Refinery’s 73k crore project in Barmer
New Delhi: HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement under consortium arrangement for Rs.48,625 crore wherein the share of state-run REC Ltd is ₹4,785 crore.
HRRL is setting up a green field refinery cum…
World class facilities need to be provided to players to win Olympic medala: REC CMD
New Delhi: As the Indian junior squad was all set to leave for Badminton Asia Junior Championships, Mr. Vivek Kumar Dewangan, CMD, REC announced on Sunday, “The target is to groom and nurture our young players right from sub-junior level.…
‘Bijli Utsav’ organized by REC in Jharkhand as a part of Azadi Ka Amrit Mahotsav
Gurugram: As a part of ‘Azadi Ka Amrit Mahotsav’ – celebrating - 75 years of Independence, REC Limited, a Maharatna Company under the Ministry of Power, Govt. of India, organized ‘Bijli Utsav’ in Ranchi in Jharkhand. Dignitaries such as…
ONGC sells KG gas to Torrent, GAIL at USD 11
GAIL picked up 0.8 mmscmd while HPCL took 0.42 mmscmd and Torrent 0.12 mmscmd, sources aware of the matter said.
Piyush Goyal confers REC with Govt’s E-Market Golden Award for FY22-23′
New Delhi: REC Limited was conferred with Golden Award by GeM (Government e-Marketplace) for ‘Highest Single Bid Procurements in FY22-23' category in ‘Kreta- Vikreta Gaurav Samman Samaaroh' held in New Delhi on June 26.
The Golden award…
Coal India executives threaten to hold strike over pay conflict
The Coal Ministry had approved a wage revision agreement that was reached with trade unions for "non-executive" employees of Coal India Ltd.
REC to provide ₹3,045 Crore as financial assistance to Bangalore Metro Phase II
Gurugram: REC Limited, a Maharatna CPSE under Ministry of Power have approved for extending financial assistance up to Rs. 3,045 Crore to Bangalore Metro Rail Corporation Limited (BMRCL) for establishment and development of Metro Line under…