Friday, December 2, 2022
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REC

PSU Appointments

MNRE picks REC GM for Director (Finance) post at IREDA

PSU Watch Bureau -
A Search-cum-Selection Committee constituted by the MNRE has picked Bijay Kr Mohanty for the position of Director (Finance) at IREDA
News Updates

REC announces net profit of Rs 2,732 crore during Q2 FY23

PSU Watch Bureau -
REC has posted a net profit of Rs 2,732.12 crore in Q2 of FY23, up 1.48% from Rs 2,692.27 crore in the corresponding quarter of the previous financial year
News Updates

REC subsidiary RECPDCL hands over transmission SPV to Power Grid

PSU Watch Bureau -
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, handed over SPV ER NER Transmission Limited to Power Grid
Latest News

REC Limited is now a Maharatna company

PSU Watch Bureau -
The grant of 'Maharatna' status to REC will impart enhanced powers to the company's board while taking financial decisions
News Updates

Govt to introduce Electricity (Amendment) Bill 2021 in Parliament’s Monsoon Session

PSU Watch Bureau -
The Electricity (Amendment) Bill 2021 is likely to be introduced and pushed for passage in the Monsoon Session of Parliament, said Power Minister RK Singh
News Updates

Green Open Access Rules 2022: Now choose where you want green power from!

Shalini Sharma -
In order to spur the adoption of green electricity produced through renewable sources of energy, the Ministry of Power has notified the Green Open Access Rules 2022
National News

REC Board okays incorporation of 12 SPVs for execution of inter-state transmission projects

PSU Watch Bureau -
Synopsis: REC Limited's Board of Directors has approved the incorporation 12 project-specific Special Purpose Vehicles (SPVs) for the execution of inter-state transmission projects allocated to its subsidiary RECPDCL
National News

Q3 FY22: REC registers 23% growth in profit, declares 3rd interim dividend

PSU Watch Bureau -
Synopsis: REC Limited has recorded a healthy 23 percent growth in net profit in Q3 of FY22 at Rs 2,772.65 crore, up from Rs 2,262.93 crore recorded in the corresponding quarter of the previous fiscal, and has declared a third interim dividend of Rs 6 per share
National News

Electronic chip supply crunch affecting govt’s smart metering programme: Power Secretary

Shalini Sharma -
Power Secretary Alok Kumar said that a global supply crunch pertaining to electronic chips is affecting the rollout of the government's smart metering programme
National News

Q1 FY 22: PFC posts healthy 34% rise in net profit, declares interim dividend of Rs 2.25

PSU Watch Bureau -
Power Finance Corporation (PFC) has posted a 34 percent rise in standalone net profit year-on-year at Rs 2,273.59 crore in Q1 of FY 2021-22
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PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.

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