New Delhi, April 30, 2024 (TBB Bureau):  REC, a leading government-owned financial institution, announced a robust 34% increase in net profit for the January-March quarter of the fiscal year 2023-24. The company’s net profit soared to Rs 4,016 crore, compared to Rs 3,001 crore during the same period in the previous year. The revenue from operations also witnessed a substantial ...

TBB BUREAU NEW DELHI, SEPT 26, 2023 In a significant development aimed at bolstering the country’s economy and infrastructure, Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with REC Ltd., a Maharatna company under the administrative control of the Ministry of Power and registered with RBI as a non-banking finance company (NBFC), Public Financial Institution (PFI) and ...

TBB BUREAU MUMBAI, OCT 10, 2021 Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of USD 771 million. REC is headquartered in Norway and has its operational headquarters in ...