REC Merger & Restructuring Worth ₹1.88 Cr
REC Ltd transferred its entire stake in Ranipur Chunar Power Transmission Ltd to H G Infra Engineering Ltd for Rs.1.88 Crore.
- Value
- ₹1.88 Cr
- From
- H G Infra Engineering Limited
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REC Ltd transferred its entire stake in Ranipur Chunar Power Transmission Ltd to H G Infra Engineering Ltd for Rs.1.88 Crore.
REC Limited has successfully paid a semi-annual interest of ₹167.36 Crore for its NCD Series GOI-VIII. The payment corresponds to a ₹4,000 Crore issue size.
REC Limited has issued a Put Option notice to bondholders of Series 211 Bonds. Bondholders can exercise the option for redemption of bonds totaling ₹1,200 Crore.
REC Limited sold its subsidiary, Sakoli Power Transmission Limited, to Ashoka Buildcon Limited for ₹3.06 Crore. The transaction was completed on 23 September 2026.
REC Limited is selling its subsidiary, Barmer HVDC Power Transmission Limited, to Power Grid Corporation of India Limited for a total consideration of ₹18.98 Crore.
REC Limited sold its stakes in subsidiaries Barmer HVDC Power Transmission and Sakoli Power Transmission for a combined consideration of ₹22.03 Crore.
REC Ltd's Independent Directors Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi completed their three-month tenure. They ceased from the board on September 22, 2026.
REC Limited has successfully redeemed Commercial Paper worth ₹2,450 Crore upon maturity on September 21, 2026.
REC Limited has confirmed the timely redemption and maturity payment of its Commercial Paper (ISIN: INE020B14706) due on 21.09.2026.
REC Ltd paid ₹74.92 Crore half-yearly coupon on its 8.09% 2028 listed bonds. Payment was made on the due date of 21 Sep 2026.
REC Limited has confirmed the successful payment of interest on its debt securities due on September 16, 2026. The total interest amount paid is Rs. 251.02 Crore.
REC Limited has appointed Ms. Isha Duhan, an IAS officer (2014 batch), as an Executive Director of the company, effective September 10, 2026.
REC Limited has sold its subsidiary, Musalgaon Power Transmission Limited, to Maharashtra State Electricity Transmission Company Limited for ₹2.21 Crore.
REC Limited announced the appointment of M/s. G. S. Mathur & Co. and M/s. S. K. Mehta & Co. as Statutory Auditors for FY 2026-27.
Life Insurance Corporation of India (LIC) increased its stake in REC Limited by 0.038% via market purchase, reaching 5.031% total holding.
REC Limited successfully issued ₹500 Crore of tokenized corporate bonds under SEBI's Regulatory Sandbox Framework. This milestone issuance utilizes digital infrastructure to enhance bond settlement efficiency.
JCR revised REC Limited's long-term issuer credit rating from BBB+ to A-, both with Stable Outlook. The upgrade reflects improved creditworthiness of the power finance company.
REC Limited successfully completed full redemption of its 7.70% debentures (Series 234-A) on maturity. The company redeemed principal amount of ₹2,500 Crore.
REC Limited has successfully completed interest payments for three NCD series and the full redemption of NCD Series 234-A.
REC Limited confirms interest payment of Rs. 215.75 Crore for NCD Series 163. The payment was made on August 27, 2026.
REC Limited received a fine of ₹0.22 Crore from NSE and BSE for non-compliance with board composition norms. The company attributed the delay to government appointment processes.
REC Limited’s subsidiary, RECPDCL, incorporated a new SPV, Vikramshila Power Transmission Limited, for a power transmission project. This incorporation involved a cash consideration of ₹0.05 Crore.
REC Limited held its 57th Annual General Meeting on August 25, 2026, to discuss financial statements, dividend, and director appointments.
REC Limited incorporated two new wholly-owned subsidiaries, Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited, as special purpose vehicles for power transmission projects.
REC Limited sold its wholly-owned subsidiary, Luhri Power Transmission Limited, to Terralight Solar Energy Tinwari Private Limited for ₹14.13 Crore. The transaction involves the complete shareholding transfer.
REC Limited's subsidiary RECPDCL sold its entire shareholding in Vizag Power Transmission Limited to Adani Energy Solutions Limited. This divestment follows a tariff-based competitive bidding process.
Beacon Trusteeship Limited has issued a No Objection Certificate to REC Limited regarding the company's proposed merger with Power Finance Corporation.
REC Limited announced the retirement of Internal Auditor Sahab Narain and the appointment of Mukul Agarwal as the new Internal Auditor, effective August 1, 2026.
REC Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 in compliance with SEBI Listing Regulations.
REC Limited has scheduled its 57th Annual General Meeting for August 25, 2026. The company has also released its Annual Report for the financial year 2025-26.