On the occasion of National Voluntary Blood Donation Day, REC Ltd., in partnership with the Lions Blood Centre, organised a blood donation camp at the REC Corporate Office, Gurugram. It was a display of community spirit as our officials and staff turned up in large numbers for this noble cause. Each drop of blood donated has the potential to save lives! #RECLtd #RECares #BloodDonation #NationalVoluntaryBloodDonationDay #SaveLives #DonateBlood #Healthcare #MedicalCare #BloodBank #DonationDrive #GivingBack #SocialResponsibility
REC Limited
Financial Services
Gurugram, Haryana 24,083 followers
Over five decades of driving power sector growth through comprehensive financial and technical solutions
About us
REC came into being in 1969 to articulate a response to the pressing exigencies of the nation. During the time of severe drought, the leaders sought to reduce the dependency of agriculture on monsoons by energizing agricultural pump-sets for optimized irrigation. Thereafter, we have ventured into newer paths and expanded our horizons to emerge today, as a leader in providing financial assistance to the power sector in all segments, be it Generation, Transmission or Distribution. As a Maharatna company under the administrative control of the Ministry of Power, we have been rated ‘Excellent’ in terms of the MoUs signed with the Government for 22 consecutive years. Under the discerning leadership of highly qualified and experienced professionals, which has effectively harnessed the individual talents of all our employees, we have maintained consistent profit margins and paid dividends each year since fiscal 1998. We have thus propelled ourselves to a net worth of over ₹50,000 crore. Nation-building constitutes our core value. As a natural corollary, we have been appointed as the nodal agency by the Government of India for implementation of schemes like UDAY, DDUGJY and Saubhagya. Our subsidiary – RECPDCL (REC Power Development & Consultancy Limited) works in tandem with us to realise our shared mission by providing consultancy services in Distribution and Transmission sectors. We take due cognizance of the fact that we owe our stupendous success to our customers, the unflinching commitment of our employees and our countrywide presence through 23 offices which ensures easy accessibility. Having bolstered our share in the country’s total power capacity, we are poised to help build a sound infrastructure to provide affordable, accessible and sustainable power.
- Website
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https://recindia.nic.in
External link for REC Limited
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Gurugram, Haryana
- Type
- Public Company
- Founded
- 1969
Locations
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Primary
Plot No. I-4, CITY CENTRE
Sector 29
Gurugram, Haryana 122001, IN
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Core-4, SCOPE Complex,
7 Lodhi Road
New Delhi, Delhi 110003, IN
Employees at REC Limited
Updates
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छत्तीसगढ़ के माननीय मुख्यमंत्री श्री विष्णु देव साय ने 'स्वच्छता ही सेवा-2024' अभियान के समापन समारोह में आरईसी के क्षेत्रीय कार्यालय, रायपुर को प्रशस्ति-पत्र देकर सम्मानित किया। स्वच्छ भारत अंतर्गत स्वच्छता ही सेवा के तहत छत्तीसगढ़ सरकार ने यह प्रशस्ति-पत्र आरईसी, रायपुर द्वारा स्वच्छता के क्षेत्र में उल्लेखनीय कार्य के लिए प्रदान किया है। 'स्वच्छता ही सेवा-2024' अभियान के अंतर्गत आरईसी लिमिटेड के देशभर में स्थित कार्यालयों में स्वच्छता अभियान चलाया गया। इस दौरान सफाई मित्रों के लिए मेडिकल चेकअप कैंप, पौधारोपण, साफ-सफाई सहित स्वच्छता से संबंधित अन्य गतिविधियां क्रियान्वित की गईं। अभियान में भाग लेने वाले कार्मिकों ने श्रमदान करते हुए स्वच्छता बनाए रखने तथा दूसरों को भी इसके प्रति जागरूक करने का संकल्प लिया। #RECLimited #SBD2024 #SHS2024 #SwachhBharat #CleanIndia #GreenIndia #SwachhataHiSeva #SwachhataMission #SwachhBharatAbhiyan #SwachhataMission2024 #स्वच्छभारतअभियान #स्वच्छतामिशन2024 #SwachhataHiSeva2024 #SwabhavSwachhata #SanskaarSwachhata #RECindia
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विश्व को सत्य और अहिंसा का मार्ग दिखाने वाले राष्ट्रपिता महात्मा गांधी जी की जयंती पर उन्हें शत्-शत् नमन। आइए, हम सभी मिलकर उनके आदर्शों को अपने जीवन में अपनाएं और उनके दिखाए मार्ग पर चलें। #GandhiJayanti #MahatmaGandhi #Gandhiji #02October #FatherOfTheNation #SwachhBharat #NonViolence #RECLimited #Ahimsa #Satyagraha #IndianHistory #IndependenceMovement
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आरईसी लिमिटेड के स्कोप कॉम्प्लेक्स, नई दिल्ली स्थित कार्यालय परिसर में 'स्वच्छता ही सेवा-2024' के अंतर्गत स्वच्छता अभियान चलाया गया, जिसमें सीएमडी श्री विवेक कुमार देवांगन सहित कंपनी के अन्य वरिष्ठ अधिकारी उपस्थित रहे। इस अवसर पर कार्मिकों ने श्रमदान कर स्वच्छता से जुड़ी गतिविधियों में भाग लिया। सभी ने स्वच्छता की संस्कृति को अपनाने एवं दूसरों को स्वच्छता के प्रति जागरूक करने का संकल्प लिया। #RECLimited #SBD2024 #SHS2024 #SwachhBharat #CleanIndia #GreenIndia #SwachhataHiSeva #CleanlinessDrive #SwachhataMission #SwachhBharatAbhiyan #SwachhataMission2024 #स्वच्छभारतअभियान #स्वच्छतामिशन2024
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Sh. Vivek Kumar Dewangan, CMD, REC Ltd., addressed the 92nd Annual Meeting of the International Commission on Large Dams (ICOLD) and the International Symposium on ‘Dams for People, Water, Environment, and Development’ at #BharatMandapam today. While outlining his thoughts, Sh. Dewangan stressed the pivotal role that dams have played throughout human civilization. He further elaborated that as India is in the midst of an energy transition, the role of hydropower is much more crucial. To facilitate the development of dams in India, REC has sanctioned Rs. 616 billion dedicatedly for Large Hydro and Pumped Storage Projects in the previous financial year. Two highly insightful publications were released during the event: ‘Dam Development in India from Ancient to Modern Time’ and ‘A Pictorial Display of Dams in India’. #RECLimited #RECNews #RECCorporateUpdate #RECSustainability #RECInfrastructure #ICOLD #DamsForPeople #DamsForDevelopment #LargeDams #HydroPower #WaterManagement #DamDevelopment
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At REC, we understand the crucial role our supply chain plays in achieving our sustainability goals. As part of our commitment to responsible business practices, we prioritize working with Micro and Small Enterprises (MSEs) in our procurement processes, fostering the growth of marginal communities and supporting inclusive development. #SocialAspectOfREC #Sustainability #ESGatREC #CircularEconomy #RECIndia #CorporateGovernance #ESGReport #ESGLeadership #RECLimited #NBFC #OperationalExcellence #REC_ESGReport2024
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REC Limited has signed MoU with Govt of Rajasthan, Department of Finance during the "Rising Rajasthan Investors meet" today. As per MoU, REC will provide Rs. 50,000 Crore annually (increased from Rs. 20,000 Crore) to finance projects across power and non power infrastructure for a period of six years upto 2030 i.e. total value of MoU is Rs. 3.00 Lac Crore. The MoU was signed in the presence of Hon'ble Chief Minister, Govt of Rajasthan, Shri Bhajan Lal Sharma; Col Rajyavardhan Rathore, Minister for Industries & commerce, GoR; Sri Sudhansh Pant, Chief Secretary, GoR. The MoU was exchanged by Shri Rahul Dwivedi, ED(PMD and I&L) REC and Shri Debasish Prusty, Secretary to GoR. #RECLimited #RECInfrastructure #RECFinance #RECCorporateUpdate #RisingRajasthan #InfrastructureDevelopment #PowerInfrastructure #NonPowerInfrastructure #EconomicGrowth #RajasthanDevelopment #Investment #InfrastructureFinance #MakeInIndia #IndiaGrowthStory
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Media coverage of the USD 500 Million raised by REC through Fixed Rate Green Dollar Bonds at 4.75%. For full coverage, visit https://lnkd.in/gS83H-GK #RECLtd #RECGreenBonds #RECFinance #RECSustainability #RECCorporateUpdate #GreenBonds #SustainableFinance #ClimateAction #RenewableEnergy #ESGInvesting #GreenInfrastructure #SustainableDevelopment #ClimateResilience #EnergyTransition
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REC Ltd. has successfully raised CBDT-notified Zero Coupon Bonds (ZCB) of Rs 5,000 crore at the effective yield of 6.25 % p.a. The REC bonds received tremendous response from the market as they were oversubscribed seven times over the issue size of Rs. 5,000 crore. The bond issuance was rated AAA by top credit rating agencies, including CARE, CRISIL, ICAR, and IRRPL. ZCB are issued at deep discount and are redeemed at face value. Since these ZCBs are CBDT notified, investors are benefitted in the form of lower taxation as redemption of ZCB on maturity is treated as long term capital gain and is accordingly taxed at a much lower rate of 12.5% p.a. The last issuance of CBDT notified ZCB of REC was done in FY 2010-11. Net pay-in of Rs. 2,712.50 crore against the bond issuance shall happen on 3rd September 2024. #RECLtd #RECBonds #RECFinance #RECCorporateUpdate #BondIssuance #ZeroCouponBonds #FinanceNews #IndianEconomy #FinancialMarkets #EconomicGrowth #MarketUpdate #InvestorNews #NBFC
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Upholding human rights is integral to our identity as a responsible corporate. Through our comprehensive human rights policies and practices, REC aims to create a positive impact on our employees, customers, suppliers, and the community at large. #SocialAspectOfREC #Sustainability #ESGatREC #CircularEconomy #RECIndia #CorporateGovernance #ESGReport #ESGLeadership #RECLimited #NBFC #OperationalExcellence #REC_ESGReport2024