Heartiest greetings on #Diwali from the #REC family!
As light dispels darkness and the festive spirit takes over, we asked our employees what Diwali means to them.
What does Diwali signify for you? Let us know in the comments.
#HappyDiwali#RECLimited@MinOfPower@VivekKumarDewa5
At REC, our risk management framework is aligned with evolving market dynamics and best industry practices.
To enhance the risk management culture within the company, a training on market risk management was organised at the REC Corporate Office today. Sh. @simardeep88, CM, from our Finance & Account division led the session and shed light on pertinent topics that will help our employees in identifying potential financial risks and mitigating their impact.
#REC Limited has issued #GreenBonds worth $750 million with a 5-year tenor under its $7 billion #Global Medium Term Note Programme. Investors from across the globe participated in the issue, with #Asia Pacific (APAC) at 42%,#Europe, Middle East & Africa (EMEA) at 26% & US at 32%.
#ETNOWExclusive | Indian cos have begun to diversify borrowings away from #USD which has surged to the highest in over two decades versus its peers. #PublicSsector lender @RECLindia has finalized plans for an @ecb#loan@anujosh_aj joins us with more details!
@RECLindia In 2008, since REC was conferred Navratna status, loan book has grown from nearly 38k Cr to 400k Cr in 14 years, representing a CAGR of 20%. With business diversification plans and top class management, REC is sure to chart out similar path in service of the nation.
‘Maharatna’ status accorded to REC
An order to this effect was issued today by the Department of Public Enterprises, under the Ministry of Finance. Incorporated in 1969, REC is an NBFC focusing on Power Sector Financing and Development across India.
#RECMAHARATNA
Sir Sgt Ghanshyam Singh life risk mai daalke jalte hue fighter Aircraft 🚀se jo ki ulta tha usme se pilot ko nikala
But uska credit koi Officer ko de diya gaya as an gallantry award
here's is the proof ab to media ne bhi accept kr liya h 👇 @ghanu0070@jeetender004
One image is Citation of FL Rao and other one is mine statement, what I did and what FL Rao did. @IAF_MCC@rajnathsingh@PMOIndia@rashtrapatibhvn my statement can be matched with COI and summary of evidence. Matter is for justification
@lifeofmanpreet@devbasu It's not so direct, but just a brief primer that it depends upon types of services, residency certificate of the company and finally, Double Tax Avoidance Agreements. You need Form 15CB along with remittance form which will be filed by a CA containing suitable tax deduction info
In a first for any NBFC in India, REC has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (SOFR) linked Syndicated Term Loan with Sumitomo Mitsui Banking Corporation (SMBC), Singapore.
#power#India#finance#business#investment
With yet another strong quarterly performance, we remain committed towards harnessing the opportunities across the power sector value chain with a continued focus on renewable energy segment.
Check out the highlights of our financial results for #Q1FY22👇
#FY2022#Q1earnings