Business Update Positive

2026-11-04 17:16

Management Guidance & Outlook - REC Limited targets 10% to 12% loan book growth for FY27. - The company expects double-digit growth to sustain, driven by transmission, renewable energy, and infrastructure sectors. - Net interest margins (NIM) are guided to remain stable around 3% to 3.2%. - Disbursements are targeted to cross ₹2 lakh crores for the full year, backed by a strong committed sanction pool of ₹2.56 lakh crores. Current Scenario & Trends - H1 FY27 loan book reached an all-time high of ₹6.17 lakh crores (▲6% YoY). - Net credit-impaired assets (gross NPAs at 0.22%) dropped to 0.11%, with zero new NPAs from state sectors in the last 19 quarters. - Prepayments peaked out and dropped significantly to ₹19,000 crores in H2 compared to ₹1 lakh crores previously. - Renewable energy portfolio grew 27% YoY to ₹86,660 crores. Management Commentary - Strong sovereign and international credit ratings continue to keep borrowing costs competitive, while diverse borrowing mixes insulate against extreme volatility. - The proposed merger with PFC is awaiting final cabinet approval, with the core mandate that the merged entity will remain a government company with management control.

Business Update Positive

2026-11-04 17:15

Current scenario: - Total income for H1 FY '27 reached ₹29,068 crores with a net profit of ₹7,541 crores. - Loan book stands at an all-time high of ₹6.17 lakh crores, showing a 6% growth year-on-year, while net worth increased by 14% to ₹94,325 crores. - Asset quality remains robust with net credit-impaired assets improving to 0.11% and capital adequacy comfortably placed at 24.04%. Management Guidance & Outlook: - Management targets double-digit AUM growth of around 10% to 12% for the financial year, supported by lower prepayments compared to the previous year. - Net Interest Margins (NIM) are expected to stabilize above 3.0% to 3.2% as competitive pressures and sector derisking moderate. - REC aims to become the first carbon-neutral financial organization in the country during this financial year.

Governance Neutral

2026-10-31 10:02

- Cessation of Shri J.K. Nayak as Executive Director of REC Limited. - Date of cessation: October 30, 2026 (A/N). - Reason: Appointed as Chairman & Managing Director of Indian Renewable Energy Development Agency Limited.

Governance Neutral

2026-10-31 10:01

- REC Limited has announced the cessation of Shri J.K. Nayak as Executive Director (Senior Management) effective October 30, 2026. - The cessation is due to his appointment as Chairman & Managing Director of Indian Renewable Energy Development Agency Limited.

Business Update Positive

2026-10-30 13:35

- REC Limited has informed about the incorporation of Zanskar Renewable Energy Limited as a wholly-owned subsidiary of its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL). - The new subsidiary has been incorporated for the development of a 140 MWp Solar + 400 MWh BESS Plant at Karsha Village, Zanskar District, UT of Ladakh. - The incorporation involves 100% subscription to the equity share capital at face value in cash (Authorized and Paid-up Capital of ₹5,00,000).

Business Update Positive

2026-10-30 13:33

- REC Limited announced the incorporation of Zanskar Renewable Energy Limited as a wholly owned subsidiary of its subsidiary, RECPDCL. - The new entity was incorporated on October 29, 2026, with an authorized and paid-up capital of ₹5,00,000. - It is established for the development of a 140 MWp Solar + 400 MWh BESS Plant at Karsha Village, Zanskar District, UT of Ladakh. - The company will be transferred to the successful bidder chosen via Tariff Based Competitive Bidding (TBCB) along with all assets and liabilities.

Routine Neutral

2026-10-29 18:46

- REC Limited has intimated about the availability of the audio recording of the Investors Conference Call (Group Meet) held on October 29, 2026. - The audio recording can be accessed on the company's official website via the provided link.

Business Update Neutral

2026-10-29 18:44

- REC Limited has intimated about the availability of the audio recording of the Investors Conference Call (Group Meet) held on October 29, 2026. - The audio recording has been made available on the official website of the company for investor access.

Business Update Neutral

2026-10-26 22:54

Concall Schedule Concall Date: Thursday, October 29, 2026 Concall Time: 1300 Hrs (IST)

Business Update Neutral

2026-10-26 22:49

Concall Schedule Concall Date: Thursday, October 29, 2026 Concall Time: 1300 Hrs (IST) Purpose: To discuss financial results for the quarter and half year ended September 30, 2026.

Financials Neutral

2026-10-26 16:52

Q2 FY27 Standalone Revenue ₹14,728Cr vs ₹15,084Cr (▼2% YoY) EBITDA ₹13,794Cr vs ₹14,681Cr (▼6% YoY) PAT ₹3,391Cr vs ₹4,426Cr (▼23% YoY) EBITDA Margin 94% vs 97% (▼366bps) Declared 2nd Interim Dividend of ₹3.50 per share (Record Date: October 30, 2026)

Financials Positive

2026-10-26 16:46

Q2 FY27 Standalone Revenue ₹14,728 Cr vs ₹15,084 Cr (▼2.4% YoY) EBITDA ₹13,794 Cr vs ₹14,681 Cr (▼6.0% YoY) PAT ₹3,391 Cr vs ₹4,426 Cr (▼23.4% YoY) EBITDA Margin 93.7% vs 97.3% (▼366bps) Declared 2nd Interim Dividend of ₹3.50 per share; Record date: October 30, 2026

Financials Positive

2026-10-26 16:44

Q2 FY27 Standalone Revenue ₹14,728Cr vs ₹15,084Cr (▼2.4% YoY) EBITDA ₹13,794Cr vs ₹14,681Cr (▼6.0% YoY) PAT ₹3,391Cr vs ₹4,426Cr (▼23.4% YoY) EBITDA Margin 93.7% vs 97.3% (▼366bps) Declared 2nd Interim Dividend of ₹3.50 per equity share (Record Date: October 30, 2026)

Financials Positive

2026-10-26 16:41

Q2 FY27 Standalone Revenue ₹14,728Cr vs ₹15,084Cr (▼2% YoY) EBITDA ₹13,794Cr vs ₹14,681Cr (▼6% YoY) PAT ₹3,391Cr vs ₹4,426Cr (▼23% YoY) EBITDA Margin 94% vs 97% (▼366bps) Declared 2nd interim dividend of ₹3.50 per equity share (Record Date: October 30, 2026)

Routine Neutral

2026-10-26 16:38

- The Board of Directors met on October 26, 2026. - Routine corporate filing detailing the outcome of the board meeting.

Business Update Positive

2026-10-23 22:09

REC Limited announced that its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has incorporated three new wholly-owned subsidiaries on October 23, 2026:- - Bikaner V Part D Power Transmission Limited for power evacuation in Rajasthan REZ Ph-IV. - Bikaner V Part C Power Transmission Limited for power evacuation in Rajasthan REZ Ph-IV. - YEIDA Power Transmission Limited for the construction of a 400/220 kV GIS substation in Sector-28, Yeida. - Each company has an authorized and paid-up capital of ₹5,00,000.

Business Update Neutral

2026-10-23 22:07

- REC Limited announced the incorporation of three wholly-owned subsidiary companies on October 23, 2026, through its subsidiary RECPDCL. - The incorporated entities are Bikaner V Part D Power Transmission Limited, Bikaner V Part C Power Transmission Limited, and YEIDA Power Transmission Limited. - Each company has an authorized and paid-up capital of ₹5,00,000. - The subsidiaries were created for specific power transmission and evacuation projects in Rajasthan and Uttar Pradesh under the TBCB process.

Governance Neutral

2026-10-21 19:01

- Board meeting scheduled on Monday, October 26, 2026. - To consider and approve unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. - To consider and declare a 2nd interim dividend for FY 2026-27, if any. - Trading window remains closed.

Business Update Positive

2026-10-19 23:29

- REC Limited received 'No Objection Letters' from BSE Limited and National Stock Exchange of India Limited on October 19, 2026, regarding the proposed scheme of merger with Power Finance Corporation Limited. - The merger remains subject to statutory and regulatory approvals, including approval from the Reserve Bank of India (RBI), NCLT, and the respective shareholders and creditors.

Governance Neutral

2026-10-19 23:27

REC Limited received 'No Objection Letters' from BSE and NSE on October 19, 2026, regarding the proposed scheme of merger of REC Limited into Power Finance Corporation Limited. - The scheme remains subject to statutory and regulatory approvals, including approval from the RBI, NCLT, and respective shareholders and creditors. - The observation letters outline specific conditions and disclosures required by SEBI to be incorporated into the NCLT petition and shareholder notices.

Business Update Neutral

2026-10-16 18:19

- RECPDCL (wholly owned subsidiary of REC Limited) has completed the sale and transfer of its entire shareholding in Nawada Durgapur Power Transmission Limited to Shivalaya Construction Limited on October 16, 2026. - The total consideration received for the transaction is approximately ₹18.45 crores (including taxes, professional fees, and expense reimbursements). - The buyer does not belong to the promoter or promoter group, and the transaction is not a related party transaction or slump sale.

Business Update Positive

2026-10-16 18:17

- REC Limited announced the sale and transfer of its project-specific subsidiary, Nawada Durgapur Power Transmission Limited, by its wholly-owned subsidiary RECPDCL. - The entire shareholding of 50,000 equity shares was transferred to Shivalaya Construction Limited on October 16, 2026. - Total consideration received is ₹18,44,62,442/-, including acquisition price, professional fees, and reimbursement of expenses.

Business Update Positive

2026-10-15 22:43

- REC Limited has received the No Objection Certificate (NOC) from the Reserve Bank of India (RBI) on October 15, 2026. - The NOC is for the proposed scheme of merger of REC Limited into Power Finance Corporation Limited. - The merger remains subject to further statutory, regulatory, shareholder, and creditor approvals.

Business Update Positive

2026-10-15 22:38

- REC Limited received No Objection Certificate (NOC) from the Reserve Bank of India (RBI) on October 15, 2026. - NOC is for the proposed scheme of merger of REC Limited into Power Finance Corporation Limited. - The merger remains subject to further statutory and regulatory approvals, including approval from shareholders and creditors.

Business Update Neutral

2026-10-12 18:25

- REC Limited announced the sale and transfer of two project-specific subsidiaries by its wholly-owned subsidiary, RECPDCL, on October 12, 2026. - Jam Khambhaliya Jamnagar Power Transmission Limited was transferred to Ceigall India Limited for a consideration of ₹8,39,86,174. - Lakadia II Power Transmission Limited was transferred to Power Grid Corporation of India Limited for a consideration of ₹8,42,62,593. - Both subsidiaries ceased to be subsidiaries of RECPDCL and REC Limited following the completion of the transfer.

Business Update Positive

2026-10-12 18:24

REC Limited announced the sale and transfer of two project-specific subsidiaries held by its wholly-owned subsidiary, RECPDCL. - Jam Khambhaliya Jamnagar Power Transmission Limited was transferred to Ceigall India Limited for a consideration of ₹8,39,86,174. - Lakadia II Power Transmission Limited was transferred to Power Grid Corporation of India Limited for a consideration of ₹8,42,62,593. - Both subsidiaries ceased to be subsidiaries of RECPDCL and REC Limited effective October 12, 2026.

Business Update Neutral

2026-10-06 12:57

REC Limited announced that its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has incorporated three new wholly-owned subsidiary companies: Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited, for power transmission and evacuation projects.

Business Update Neutral

2026-10-06 12:56

- REC Limited announced that its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has incorporated three new wholly-owned subsidiary companies on October 5, 2026. - The newly incorporated entities are Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited. - These companies are set up to act as special purpose vehicles for power transmission projects under Tariff Based Competitive Bidding (TBCB) guidelines before being transferred to successful bidders.

Governance Negative

2026-09-28 18:34

CRITICAL RED FLAG DETECTED

- REC Limited received letters from NSE and BSE regarding non-compliance with Board and Committee composition norms for the quarter ended June 30, 2026. - The Board noted the non-compliance and fines, emphasizing regular follow-ups with the Ministry of Power for appointing Independent Directors. - The company stated it is a government enterprise where the power to appoint directors vests with the President of India through the Ministry of Power, and requested a waiver of the fines.

Governance Neutral

2026-09-28 18:32

- REC Limited received letters from NSE and BSE regarding non-compliance with Board and Committee composition requirements for the quarter ended June 30, 2026. - The Board noted the non-compliance and fines in its meeting on September 19, 2026. - The company stated that as a Government entity, appointment of Independent Directors is done by the Ministry of Power, and requested a waiver of the fines.

Business Update Neutral

2026-09-28 17:17

- REC Limited announced that RECPDCL (its wholly owned subsidiary) has completed the sale and transfer of its entire shareholding (50,000 equity shares) in Balsane Power Transmission Limited to Resonia Limited. - The total consideration received for the transaction is ₹5,59,19,024/- (including taxes, professional fees, and reimbursement of expenses). - The transaction was executed on September 28, 2026, via tariff-based competitive bidding, and Balsane Power Transmission Limited is no longer a subsidiary of RECPDCL and REC Limited.

Business Update Neutral

2026-09-28 17:16

- REC Limited announced the sale and transfer of its project-specific subsidiary, Balsane Power Transmission Limited, held through RECPDCL. - The entire shareholding (50,000 equity shares) was transferred to the successful bidder, Resonia Limited, on September 28, 2026. - Total consideration received is ₹5,59,19,024/- including taxes, professional fees, and expense reimbursements. - The buyer does not belong to the promoter or promoter group.

Business Update Neutral

2026-09-26 15:58

- REC Power Development and Consultancy Limited (RECPDCL) has transferred its entire shareholding (50,000 equity shares) in Ranipur Chunar Power Transmission Limited to H G Infra Engineering Limited on September 26, 2026. - The total consideration received for the sale is ₹1,88,49,228/- (including taxes, professional fees, and reimbursement of expenses). - With this transfer, Ranipur Chunar Power Transmission Limited is no longer a subsidiary of RECPDCL and REC Limited.

Business Update Neutral

2026-09-26 15:55

- RECPDCL (wholly owned subsidiary of REC Ltd) has completed the sale and transfer of its entire shareholding (50,000 shares) in Ranipur Chunar Power Transmission Limited. - The SPV has been transferred to the successful bidder, H G Infra Engineering Limited, on September 26, 2026. - Total consideration received is ₹1,88,49,228/- including taxes, professional fees, and expense reimbursements. - The buyer does not belong to the promoter or promoter group and the transaction is not a related party transaction.

Business Update Positive

2026-09-23 18:03

- RECPDCL transferred its entire shareholding in Barmer HVDC Power Transmission Limited to Power Grid Corp. and Sakoli Power Transmission Limited to Ashoka Buildcon Limited on Sep 23, 2026. - Total consideration received is approximately ₹22.03 crores through a competitive bidding process. - The divested SPVs had a negligible financial contribution.

Business Update Positive

2026-09-23 18:02

- REC Limited's subsidiary RECPDCL transferred Barmer HVDC Power Transmission Ltd and Sakoli Power Transmission Ltd to Power Grid Corporation and Ashoka Buildcon on September 23, 2026. - Total consideration received is approximately ₹22.03 Crores (₹18.97 Cr + ₹3.06 Cr) through competitive bidding.

Governance Neutral

2026-09-22 13:25

- REC Limited announced the completion of tenure for Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Part-time Non-Official (Independent) Directors. - Their three-month tenure, effective June 22, 2026, ended on September 21, 2026, and they ceased to be directors on September 22, 2026.

Governance Negative

2026-09-22 13:25

CRITICAL RED FLAG DETECTED

- REC Limited announced the completion of tenure for Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Independent Directors. Their term ended on September 21, 2026, and they ceased to be Directors effective September 22, 2026, completing their three-month appointment.

Governance Neutral

2026-09-10 18:52

- Appointment of Ms. Isha Duhan, IAS, as Executive Director of REC. - Date of appointment: September 10, 2026.

Governance Neutral

2026-09-10 18:51

- REC Limited announced the appointment of Ms. Isha Duhan, IAS, as Executive Director. - Her appointment to the senior management (one level below Board of Directors) is effective September 10, 2026.

Business Update Positive

2026-09-09 17:56

- REC Limited's subsidiary, RECPDCL, transferred 100% shareholding of Musalgaon Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited on September 9, 2026. - The consideration received was ₹2,20,89,930/-, following a tariff-based competitive bidding process. - The project-specific SPV is no longer a subsidiary of REC Limited.

Business Update Neutral

2026-09-09 17:55

- REC Limited's subsidiary RECPDCL sold its project-specific SPV, Musalgaon Power Transmission Limited, on September 9, 2026. - The entire shareholding was transferred to Maharashtra State Electricity Transmission Company Limited for ₹2,20,89,930/- through a competitive bidding process.

Governance Neutral

2026-09-08 19:07

- REC Limited announced the appointment of M/s. G. S. Mathur & Co. and M/s. S. K. Mehta & Co. as Statutory Auditors for the financial year 2026-27. - The appointment was conveyed by the Comptroller and Auditor General (C&AG) of India via a letter dated September 7, 2026.

Governance Neutral

2026-09-08 19:02

- REC Limited announced the appointment of two firms, M/s. G. S. Mathur & Co. and M/s. S. K. Mehta & Co., as its Statutory Auditors for the financial year 2026-27. This appointment was conveyed by the Comptroller and Auditor General (C&AG) of India.

Ownership Positive

2026-09-08 17:39

- LIC (Life Insurance Corporation of India) increased its shareholding in REC Limited. - Stake increased from 4.993% to 5.031% (0.038% acquisition). - Acquired 9,93,000 shares through market purchase on September 7, 2026.

Business Update Positive

2026-09-07 19:28

- REC Limited successfully issued India's First Pilot Issue of Tokenized Corporate Bonds under SEBI Regulatory Sandbox Framework. - The ₹500 Cr issue was oversubscribed ~8x, attracting bids of ₹796 Cr, at 7.30% coupon for 1 year 9 months. - This marks a landmark and transformative step for India's capital markets.

Business Update Positive

2026-09-07 19:27

- REC Limited successfully issued India's First Pilot Issue of Tokenized Corporate Bonds under SEBI Regulatory Sandbox Framework. - The ₹500 Cr issue, with a 7.30% coupon for 1 year 9 months, was oversubscribed ~8x (₹796 Cr bids). - This landmark innovation brings faster settlement and shared-ledger transparency to India's capital markets.

Business Update Positive

2026-09-07 14:18

- REC Limited's long-term issuer credit rating revised by Japan Credit Rating Agency (JCR) to 'A-' with Stable Outlook from 'BBB+' with Stable Outlook.

Business Update Positive

2026-09-07 14:17

- REC Limited's long-term issuer credit rating revised by Japan Credit Rating Agency (JCR). - Rating upgraded to 'A-' with Stable Outlook from 'BBB+' with Stable Outlook.

Governance Neutral

2026-08-27 19:37

- REC Limited's 57th Annual General Meeting (AGM) was held on August 25, 2026, via video conferencing. - All resolutions placed before the shareholders, including the adoption of financial statements for FY 2025-26 and director appointments, were duly approved and passed with the requisite majority.

Governance Negative

2026-08-26 11:36

CRITICAL RED FLAG DETECTED

- REC received notices on August 25, 2026, from NSE & BSE for non-compliance with Board/Committee composition rules for the quarter ended June 30, 2026. - Fines of ₹10,77,340/- each were imposed by NSE & BSE. The company stated director appointments are by the President of India.

Governance Negative

2026-08-26 11:33

CRITICAL RED FLAG DETECTED

- REC Limited received notices dated August 25, 2026, from NSE and BSE regarding non-compliance with Listing Regulations concerning the composition of Board of Directors and Committees for the quarter ended June 30, 2026. - Fines of ₹10,77,340/- each were imposed by NSE and BSE. - REC stated that director appointments are vested with the President of India and the company has been requesting the administrative Ministry for the appointment of requisite Independent Directors.

Business Update Positive

2026-08-25 23:17

- REC Limited's subsidiary, RECPDCL, incorporated two new wholly-owned subsidiaries: Vikramshila Power Transmission Limited (for a Bihar project) and Alkud II Power Transmission Limited (for a Maharashtra project) on August 24/25, 2026. - These entities will act as Bid Process Coordinators for intra-state transmission projects and will be transferred to successful bidders after competitive bidding.

Business Update Positive

2026-08-25 23:03

- REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has incorporated two new wholly-owned subsidiary companies: Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited. These companies, incorporated on August 24, 2026, with an authorized capital of ₹5,00,000 each, are for intra-state power transmission projects where RECPDCL acts as Bid Process Coordinator.

Business Update Positive

2026-08-21 20:13

- REC Limited's subsidiary RECPDCL transferred its entire shareholding in Luhri Power Transmission Limited, a project-specific SPV, to Terralight Solar Energy Tinwari Private Limited for ₹14.12 Crores on August 21, 2026. The transaction was a result of a tariff-based competitive bidding process, making Luhri Power Transmission Limited no longer a subsidiary.

Business Update Positive

2026-08-21 20:11

- REC Limited's subsidiary (RECPDCL) transferred its entire shareholding of Luhri Power Transmission Limited, a project-specific SPV, to Terralight Solar Energy Tinwari Private Limited on August 21, 2026. - The consideration for the sale was ₹14,12,61,898/- - Luhri Power Transmission Limited ceases to be a subsidiary of REC.

Business Update Neutral

2026-08-14 18:41

- REC Limited's subsidiary RECPDCL transferred its entire shareholding of Vizag Power Transmission Limited to Adani Energy Solutions Limited for ₹18.66 Crores. - The transfer, including all assets and liabilities, was effective August 14, 2026. - Vizag Power Transmission Limited is no longer a subsidiary.

Business Update Positive

2026-08-14 18:39

- REC Limited's subsidiary, RECPDCL, transferred its entire shareholding in Vizag Power Transmission Limited to Adani Energy Solutions Limited for ₹18,65,97,011/- on August 14, 2026, after a competitive bidding process.

Governance Neutral

2026-08-04 18:25

- REC Limited announced the promotion of Shri Somya Kant as Executive Director of the Company. - His appointment is effective August 3, 2026, subject to assumption of charge. - Shri Kant has over 35 years of experience in Finance and Accounts.

Governance Neutral

2026-08-04 18:23

- REC Limited announced a change in its Senior Management. - Shri Somya Kant has been promoted to the position of Executive Director of the Company. - The appointment is effective August 3, 2026 (subject to assumption of charge).

Governance Neutral

2026-08-01 22:37

- Shri Sahab Narain ceased as Internal Auditor due to superannuation. - Shri Mukul Agarwal appointed as new Internal Auditor, effective August 1, 2026. - Shri Agarwal is General Manager (Finance & Accounts) at REC and a member of the Institute of Cost Accountants of India.

Governance Neutral

2026-08-01 20:13

- REC Limited announced a change in its Internal Auditor, effective August 1, 2026. - Shri Sahab Narain ceased due to superannuation. - Shri Mukul Agarwal, General Manager (Finance & Accounts) at REC, has been appointed as the new Internal Auditor.

Routine Neutral

2026-07-30 21:19

New Filing detected. See link for details.

Routine Neutral

2026-07-30 21:11

New Filing detected. See link for details.

Routine Neutral

2026-07-30 21:10

New Filing detected. See link for details.

Routine Neutral

2026-07-30 21:02

New Filing detected. See link for details.

Routine Neutral

2026-07-30 21:01

New Filing detected. See link for details.

Business Update Neutral

2026-07-30 18:00

- REC Limited's subsidiary, RECPDCL, sold its entire 100% shareholding in Ryapte Power Transmission Limited to The Tata Power Company Limited for ₹10.87 Cr. - The transfer, completed on July 30, 2026, was via a competitive bidding process. - Ryapte Power Transmission Limited ceases to be a subsidiary.

Business Update Positive

2026-07-30 17:58

- REC Limited's subsidiary, RECPDCL, transferred its entire shareholding in Ryapte Power Transmission Limited to The Tata Power Company Limited on July 30, 2026.- The consideration received from the sale was ₹10,86,62,034/-.- Ryapte Power Transmission Limited ceases to be a subsidiary of REC Limited.

Business Update Positive

2026-07-30 16:15

- REC Limited incorporated Kukshi Alirajpur Transmission Limited on July 29, 2026, as a wholly-owned subsidiary. - The subsidiary is for strengthening the intra-state transmission system in Kukshi/Alirajpur area, Madhya Pradesh. - It will be transferred to a successful bidder via competitive bidding.

Business Update Positive

2026-07-30 16:14

- REC Limited's subsidiary incorporated Kukshi Alirajpur Transmission Limited on July 29, 2026. - It's a wholly-owned subsidiary for strengthening intra-state power transmission in Madhya Pradesh, with an Authorized Capital of ₹5,00,000/-. - The entity will eventually be transferred to the successful bidder post-Tariff Based Competitive Bidding (TBCB).

Business Update Positive

2026-07-29 20:31

- REC Limited's wholly-owned subsidiary RECPDCL completed the sale and transfer of two project-specific SPVs/subsidiaries on July 29, 2026.- The subsidiaries sold are Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited.- Successful bidders are Power Grid Corporation of India Limited and Terralight Solar Energy Tinwari Private Limited, respectively.- Total consideration received for both subsidiaries is ₹33,26,46,026/- (including taxes).

Business Update Positive

2026-07-29 20:21

- REC Limited's subsidiary RECPDCL sold 100% shareholding in two project-specific SPVs: Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited. - Bhadla Ramgarh was sold to Power Grid Corporation of India Limited for ₹12.86 Cr (approx). - Shongtong Power was sold to Terralight Solar Energy Tinwari Private Limited for ₹20.41 Cr (approx). - The sale was completed on July 29, 2026, via a tariff-based competitive bidding process.

Financials Positive

2026-07-24 18:40

- REC Limited approved standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). - Declared a First Interim Dividend of ₹4.25 per equity share for FY 2026-27. - Net Profit for Q1 FY27 was ₹4,149 crore, up 23% from the previous quarter. - Net Worth grew by 15% YoY to ₹91,836 crore as on June 30, 2026. - Capital Adequacy Ratio (CRAR) stands at 23.06% and Stage-3 loan asset ratio reduced to 0.11%.

Financials Positive

2026-07-24 18:39

- REC Limited announced its Q1 FY27 financial results for the quarter ended June 30, 2026. - The Board declared a First Interim Dividend of ₹4.25 per equity share for FY 2026-27. - Net Profit for the quarter increased to ₹4,149 crore (up 23% sequentially). - Net Interest Income grew to ₹5,212 crore (up 5% sequentially). - Net Worth grew 15% Year-on-Year to ₹91,836 crore, with a Capital Adequacy Ratio of 23.06%.

Business Update Neutral

2026-07-24 18:15

- Board approved Q1 FY27 financial results and the draft scheme of merger of REC Limited into Power Finance Corporation (PFC) Limited. - Declared 1st interim dividend of ₹4.25/share for FY27 and fixed record date for the final dividend of ₹1.55/share for FY26.

Financials Positive

2026-07-24 18:11

- Standalone Operating Revenue ₹14,296.10 Cr vs ₹14,725.56 Cr (▼2.91% YoY) - Standalone EBITDA ₹13,929.09 Cr vs ₹14,580.37 Cr (▼4.47% YoY) - Standalone PAT ₹4,149.46 Cr vs ₹4,451.02 Cr (▼6.77% YoY) - Standalone EBITDA Margin 97.43% vs 99.01% (▼158bps) - Board declared 1st Interim Dividend of ₹4.25/- per equity share for FY 2026-27, with record date July 31, 2026. - Record date of August 14, 2026 fixed for final dividend of ₹1.55/- per equity share for FY 2025-26, subject to AGM approval. - Smt. Poonam Chauhan appointed as Part-time Non-Official (Independent) Director, effective July 21, 2026. - Shri Mukul Agarwal appointed as Internal Auditor, effective August 1, 2026.

Financials Neutral

2026-07-24 18:07

- Standalone Operating Revenue ₹14,296.10Cr vs ₹14,725.56Cr (▼2.92% YoY) - Standalone EBITDA ₹13,929.10Cr vs ₹14,580.37Cr (▼4.47% YoY) - Standalone PAT ₹4,149.46Cr vs ₹4,451.02Cr (▼6.78% YoY) - Standalone EBITDA Margin 97.43% vs 99.01% (▼158bps) - Board declared 1st interim dividend of ₹4.25/share for FY27 and fixed record date for final dividend of ₹1.55/share for FY26. - Board approved a draft merger scheme of REC with Power Finance Corporation Limited.

Financials Positive

2026-07-24 17:44

- Standalone Operating Revenue ₹14,296.10 Cr vs ₹14,725.56 Cr (▼2.91% YoY) - EBITDA ₹13,929.09 Cr vs ₹14,580.37 Cr (▼4.47% YoY) - PAT ₹4,149.46 Cr vs ₹4,451.02 Cr (▼6.77% YoY) - EBITDA Margin 97.43% vs 99.01% (▼158bps) - Declared 1st Interim Dividend of ₹4.25 per equity share for FY 2026-27 (Record Date July 31, 2026). - Fixed Record Date August 14, 2026 for final dividend of ₹1.55 per equity share for FY 2025-26. - Board approved Draft Scheme of merger by absorption between Power Finance Corporation Limited (PFC Limited) and REC Limited, effective April 1, 2027, subject to approvals. - Appointed Smt. Poonam Chauhan as Independent Director and Shri Mukul Agarwal as Internal Auditor.

Financials Negative

2026-07-24 17:43

- Consolidated Revenue ₹14,469.49Cr vs ₹14,823.98Cr (▼2.4% YoY) - EBITDA ₹14,022.59Cr vs ₹14,607.29Cr (▼4.0% YoY) - PAT ₹4,192.76Cr vs ₹4,465.71Cr (▼6.1% YoY) - EBITDA Margin 96.91% vs 98.54% (▼163bps) - Board declared 1st Interim Dividend of ₹4.25/- per equity share for FY27, with record date July 31, 2026. - Fixed Record Date of August 14, 2026 for final dividend of ₹1.55 per equity share for FY26. - Board approved a Draft Scheme of merger with Power Finance Corporation Limited (PFC), with a share exchange ratio of 88 PFC shares for every 100 REC shares. - Smt. Poonam Chauhan appointed as Independent Director, and Shri Mukul Agarwal as Internal Auditor.

Routine Neutral

2026-07-24 17:27

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Financials Positive

2026-07-24 17:21

- Board approved unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. - Declared 1st Interim Dividend of ₹4.25 per equity share for FY2026-27. Record date: July 31, 2026. Payment on or before August 23, 2026. - Fixed August 14, 2026, as the record date for final dividend of ₹1.55 per equity share for FY2025-26, payable by September 24, 2026. - Noted the Board's approval of a draft merger scheme by absorption of REC Limited into Power Finance Corporation Limited (PFC Limited) on June 28, 2026, with a share exchange ratio of 88 equity shares of PFC for every 100 equity shares of REC, effective April 1, 2027, subject to approvals. - Appointed Smt. Poonam Chauhan as Part-time Non-Official (Independent) Director and Shri Mukul Agarwal as Internal Auditor.

Business Update Positive

2026-07-21 20:01

- REC Limited's wholly-owned subsidiary RECPDCL incorporated 'Dharashiv Power Transmission Limited' as a Wholly Owned Subsidiary on July 21, 2026. - This new entity is for the establishment of a 400 kV GIS Solapur/Paranda Switching Station.

Business Update Positive

2026-07-21 20:00

- REC Limited's wholly-owned subsidiary RECPDCL incorporated Dharashiv Power Transmission Limited on July 21, 2026. - The new subsidiary is for the establishment of a 400 kV GIS Solapur/Paranda Switching Station project. - It will be transferred to a successful bidder after the Tariff Based Competitive Bidding process.

Governance Positive

2026-07-21 19:08

- Board meeting scheduled for Friday, July 24, 2026. - To consider and approve unaudited financial results (standalone & consolidated) for the quarter ended June 30, 2026. - To consider and declare 1st Interim Dividend for the financial year 2026-27, if any. - Trading window closed since May 14, 2026, and will remain closed until further orders.

Governance Neutral

2026-07-20 19:15

- Appointment of Smt. Poonam Chauhan as Non-Official Independent Director on the Board of REC Limited. - The appointment is for a period of three years, effective from July 20, 2026.

Governance Neutral

2026-07-20 19:14

- Smt. Poonam Chauhan has been appointed as Non-Official Independent Director on the Board of REC Limited. - The appointment is for a period of three years, effective from July 20, 2026.

Business Update Positive

2026-07-18 17:53

- REC Limited incorporated two wholly-owned subsidiaries: Beed Parli Power Transmission Limited (July 17, 2026) and Yavatmal Power Transmission Limited (July 18, 2026). - They are established for 765 kV AIS Parli and 400 kV AIS Yavatmal transmission projects, respectively, to be transferred to successful bidders via TBCB.

Business Update Positive

2026-07-18 17:53

- REC Limited's subsidiary, RECPDCL, incorporated two new wholly-owned subsidiaries: Beed Parli Power Transmission Limited (July 17, 2026) and Yavatmal Power Transmission Limited (July 18, 2026). - These entities are established for 765 kV AIS Parli and 400 kV AIS Yavatmal intra-state transmission projects in Maharashtra. - Both companies have an Authorized and Paid-up Capital of ₹5,00,000/- each and will be transferred to successful bidders after the TBCB process.

Routine Neutral

2026-07-14 19:54

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Routine Neutral

2026-07-14 19:53

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Routine Neutral

2026-07-14 19:50

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Routine Neutral

2026-07-14 19:49

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Routine Neutral

2026-07-10 19:28

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Routine Neutral

2026-07-10 19:26

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Business Update Positive

2026-06-30 22:08

- REC Limited's subsidiary RECPDCL transferred two project-specific SPVs/subsidiaries on June 30, 2026, to successful bidders through a competitive bidding process. - WR ER Part A Power Transmission Limited was sold to Power Grid Corporation of India Limited for ₹18,61,68,233 (including taxes). - WR ER Part C Power Transmission Limited was sold to H G Infra Engineering Limited for ₹11,92,59,679 (including taxes).

Business Update Neutral

2026-06-30 22:07

- REC's subsidiary RECPDCL transferred two project SPVs for a total consideration of approximately ₹30.54 Cr. - The SPVs were sold to Power Grid Corporation of India Ltd. and H G Infra Engineering Ltd. on June 30, 2026, via competitive bidding.

Governance Positive

2026-06-29 20:24

- REC Limited announced the promotion of four individuals to the Senior Management position of Executive Director of the Company. - The appointments of Shri Sahab Narain, Shri Bhupesh Chandolia, Shri Pankaj Gupta, and Smt. S. Jayanthi are effective June 28, 2026, subject to assumption of charge.

Governance Neutral

2026-06-29 20:22

- REC Limited intimates changes in Senior Management. - Shri Sahab Narain, Shri Bhupesh Chandolia, Shri Pankaj Gupta, and Smt. S. Jayanthi have been promoted as Executive Directors of the Company. - The appointments are effective from June 28, 2026, subject to assumption of charge.

Business Update Positive

2026-06-28 23:24

- REC Limited and Power Finance Corporation Limited (PFC) Boards approved the merger scheme. - The merger will create a financing entity with an aggregate loan book exceeding INR 11 lakh crore. - Share exchange ratio: 88 equity shares of PFC for every 100 equity shares of REC.

RECLTD

REC Limited

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