REC Ltd on Wednesday said its wholly-owned subsidiary REC Power Development and Consultancy Ltd (RECPDCL) has handed over six special purpose vehicles to Power Grid Corporation of India Ltd.

REC transfers 6 SPVs to Power Grid Corporation for transmission projects

Petronas offer of Rs 27.52 a share for NTPC Green Energy values the company at $2.3 billion; Petronas bid is nearly 78% higher than the second highest bid by REC Ltd

Malaysia’s Petronas offers Rs 3,800 crore for 20% stake in NTPC’s green arm: Report

State-owned non-banking finance firm REC Ltd board on Thursday approved Rs 1,20,000 crore market borrowing programme for 2023-24 in its meeting

REC board okays Rs 1.2 trillion market borrowing programme for 2023-24

State-owned non-banking finance firm REC Ltd board on Thursday approved Rs 1,20,000 crore market borrowing programme for 2023-24 in its meeting.

Fitch said the proposed notes are rated in line with REC’s long-term issuer default rating on the basis that they will be issued under REC’s programme

Fitch rates REC Ltd’s proposed USD notes BBB-minus

The power ministry has written to the finance ministry asking that the LIC and Employees’ Provident Fund Organisation (EPFO) be mandated to invest in such bonds issued by Power Finance Corp (PFC), REC Ltd and Indian Renewable Energy Development Agency (IREDA), according to two government officials w…

India seeks investment by LIC, pension fund in green bonds: Sources

REC Ltd is quoting at Rs 121.3, up 2.15% on the day as on 12:49 IST on the NSE. The stock is up 17.88% in last one year as compared to a 2.99% jump in NIFTY and a 4.2% jump in the Nifty Energy index.

REC Ltd soars 2.15%, rises for third straight session

India’s state-owned infrastructure finance company REC Ltd on Monday reported a 5.1% rise in third-quarter profit, as it cut down its total expenses

Infrastructure finance company REC profit rises 5% in Q3 on lower expenses

The state companies - Power Finance Corp Ltd (PFC), REC Ltd SJVN Ltd and Damodar Valley Corp (DVC) - aim to acquire the coal-fired power plant of Lanco Amarkantak in Chhattisgarh in central India

Indian state-run power companies close to buying Lanco asset for $365 mn

The state companies - Power Finance Corp Ltd (PFC), REC Ltd SJVN Ltd and Damodar Valley Corp (DVC) - aim to acquire the coal-fired power plant of Lanco Amarkantak in Chhattisgarh in central India, the sources said.

Indian state-run power companies close to buying Lanco asset for $365 mln

REC Ltd is quoting at Rs 111.7, up 2.43% on the day as on 12:49 IST on the NSE. The stock is up 15.54% in last one year as compared to a 9.01% gain in NIFTY and a 9.11% gain in the Nifty Energy index.

REC Ltd rises for third consecutive session

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

REC is engaged in other financial services and activities-other Credit granting

REC Ltd

With a market cap of ₹30,914 cr, stock is ranked 163

REC Ltd

REC Ltd

Scorecard

News & Opinions

REC transfers 6 SPVs to Power Grid Corporation for transmission projects

Malaysia’s Petronas offers Rs 3,800 crore for 20% stake in NTPC’s green arm: Report

REC board okays Rs 1.2 trillion market borrowing programme for 2023-24

REC board okays Rs 1.2 trillion market borrowing programme for 2023-24

Fitch rates REC Ltd’s proposed USD notes BBB-minus

India seeks investment by LIC, pension fund in green bonds: Sources

REC Ltd soars 2.15%, rises for third straight session

Infrastructure finance company REC profit rises 5% in Q3 on lower expenses