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Rural Electrification Corporation News

21 Dec 2018

PFC board okays purchase of government's stake in REC

The government is expected to garner around Rs 15,000 crore from this sale process.

Rural Electrification Corporation

18 Oct 2015

REC plans to garner Rs 700 cr via tax-free bonds

State-owned Rural Electrification Corp (REC) plans to raise up to Rs 700 crore through issue of tax-free bonds this fiscal to meet various funding needs.

13 May 2015

Cabinet clears 5% disinvestment in NTPC, 10% in Indian Oil

The Union Cabinet on Wednesday approved 5 percent disinvestment in NTPC and 10 percent in Indian Oil Corporation to achieve the current fiscal's disinvestment target of Rs 41,000 crore.

21 Apr 2015

REC incorporates 3 transmission SPVs as subsidiaries

"REC Transmission Projects, an arm of REC has incorporated three project specific Special Purpose Vehicles (SPVs) as its subsidiaries," REC said in a filing to the BSE.

Rural Electrification Corporation

09 Apr 2015

REC shares end 2% higher after govt share sale

Shares of Rural Electrification Corporation (REC) Thursday ended nearly two percent higher, a day after the company received an overwhelming response to its share sale by the government.

Rural Electrification Corporation

08 Apr 2015

REC shares up over 3% as stake sale over subscribed 5 times

Shares of Rural Electrification Corporation rose by over 3 percent Wednesday as the government's sale of 5 percent stake in the state-run firm got subscribed over five times.

Rural Electrification Corporation

08 Apr 2015

REC share sale subscribed over 5 times, govt gets Rs 1,550 cr

The stake sale in Rural Electrification Corpn (REC) is the first in the government's disinvestment pipeline for the current fiscal.

08 Apr 2015

Govt kicks off FY16 divestment; REC share sale gets fully subscribed

The government is looking to raise Rs 1,550 crore from sale of 4.93 crore shares in Rural Electrification Corp (REC) through a one-day OFS route at a floor price of Rs 315 apiece.

08 Apr 2015

Govt kicks off FY16 divestment with REC stake sale, floor price at Rs 315 per share

The floor price of Rs 315 a share is at a discount of 2.07 percent over the closing price of Rs 321.65 a share.

06 Apr 2015

REC stake sale on Wednesday; govt to get about Rs 1,600 cr

"The offer shall take place during trading hours on a separate window of the stock exchanges and shall commence on April 8," REC said in a filing to the BSE.

19 Jan 2015

CCI orders probe against REC for anti-competitive ways

The Competition Commission has ordered a probe against state-owned REC for allegedly indulging in unfair business practices with respect to financing of rural electrification schemes.

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