Friday, December 2, 2022
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MNRE picks REC GM for Director (Finance) post at IREDA

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

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

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

REC subsidiary RECPDCL hands over transmission SPV to Power Grid

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, handed over SPV ER NER Transmission Limited to Power Grid

REC Limited is now a Maharatna company

The grant of 'Maharatna' status to REC will impart enhanced powers to the company's board while taking financial decisions

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

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

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

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

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

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

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

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

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

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

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

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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