REC Limited (NSE: RECLTD)
India
· Delayed Price · Currency is INR | Market Cap | 1.35T |
| Revenue (ttm) | 197.63B |
| Net Income (ttm) | 148.52B |
| Shares Out | 2.63B |
| EPS (ttm) | 56.40 |
| PE Ratio | 9.10 |
| Forward PE | n/a |
| Dividend | 20.00 (3.90%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 7,706,121 |
| Open | 529.00 |
| Previous Close | 529.10 |
| Day's Range | 510.30 - 533.50 |
| 52-Week Range | 398.75 - 654.00 |
| Beta | 0.72 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 24, 2025 |
About REC Limited
REC Limited, together with its subsidiaries, engages in the provision of financing services for power generation, transmission, and distribution projects in India. The company primarily offers long, medium, and short-terms loans; debt refinancing, equity financing, financing of equipment manufacturing for power sector and coal mines; policy for funding against regulatory assets, and revolving bill payment facility services; and provides letter of undertaking in lieu of bank guarantee, etc. It also acts as a nodal agency for the implementation o... [Read more]
Financial Performance
In 2023, REC Limited's revenue was 189.32 billion, an increase of 20.96% compared to the previous year's 156.51 billion. Earnings were 141.12 billion, an increase of 26.75%.
Financial StatementsNews
REC’s market cap rises by Rs. 6,230 crore as shares jump 4.68%
Shares of REC Limited gained 4.68% to trade at Rs. 529.95 in today’s session, boosting the company’s market capitalization by approximately Rs. 6,230 crore. The total market cap now stands at Rs. 1,39...
REC Limited’s market cap gains ₹3,755 crore as shares surge nearly 3%
REC Limited saw its shares climb by 2.91% today, closing at ₹505.25, up from the previous close of ₹490.95. This price increase added approximately ₹3,755 crore to its market capitalization, which now...
REC shares rise nearly 2% as Bernstein sees buying opportunity amid recent correction
Shares of REC Limited rose by 1.84% to trade at ₹500 as of 10:19 AM on Friday. The stock saw renewed buying interest after global brokerage firm Bernstein reiterated its “overweight” rating with a tar...
Correction in PFC, REC shares after Adani Group news is a buying opportunity, says brokerage firm Bernstein
Bernstein has reaffirmed its positive stance on Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) amid a sharp correction in their stocks due to concerns raised by the US SEC...
REC’s market cap declines by Rs 6,697 crore – Know More
REC Limited witnessed a sharp decline of 4.99% today, with its stock price closing at Rs 490.80. This fall resulted in an approximate market cap reduction of Rs 6,697 crore, bringing the total market ...
REC’s market cap surges by Rs 5,527 crore: Know More
Shares of REC Limited experienced a significant rise today, climbing 4.17% to reach Rs 521.90 from its previous close of Rs 501.00. This rally in stock price translated into a market capitalization ga...
ACME Solar shares surge over 5% after securing Rs 3,753 crore REC loan
ACME Solar Holdings Ltd. saw its shares rise by 5.31%, trading at ₹241.00 on the NSE as of 10:11 AM, following the announcement of its wholly-owned subsidiary, ACME Sun Power Private Limited, securing...
Why are ACME Solar shares 8% up? Know More
ACME Sun Power Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited, has received a ₹3,753 crore term loan from REC Limited to fund the development of 320 MW Firm and Dispatchable...
ACME Sun Power secures Rs 3,753 crore loan from REC for renewable energy projects in Rajasthan and Gujarat
ACME Sun Power Private Limited, a wholly-owned subsidiary of ACME Solar Holdings Limited, has secured a Rs 3,753 crore term loan from REC Limited to finance the development and construction of 320 MW ...
REC Share Price: Macquarie initiates outperform on REC with target at Rs 660, indicating 28% upside
Macquarie has initiated an outperform rating on REC Limited, setting a target price of ₹660, which implies a potential upside of 28% from the current market price (CMP) of ₹514.85. The brokerage highl...
REC Limited completes sale of Bikaner Power Transmission subsidiaries to Power Grid Corporation of India
REC Limited, through its wholly-owned subsidiary REC Power Development & Consultancy Limited (RECPDCL), has successfully completed the sale of its two subsidiaries, Bikaner A Power Transmission Limite...
REC shares surge over 3% as Q2 profit rises 6.5% to ₹4,038 crore
REC Limited, a state-run non-banking financial company, has posted a 6.5% year-on-year (YoY) increase in consolidated net profit for the second quarter of FY25, rising to ₹4,038 crore from ₹3,790 cror...
REC Limited incorporates Rajasthan V Power Transmission
REC Limited has announced the incorporation of Rajasthan V Power Transmission Limited as a wholly owned subsidiary of REC Power Development & Consultancy Limited (RECPDCL).
Tata Power receives LOI from REC Power to acquire ERES-XXXIX Power Transmission
Tata Power has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC Limited, to acquire ERES-XXXIX Power Transmission Limited, a proje...
AHAsolar Technologies shares jump 4% on getting major contract to develop digital ecosystem
AHAsolar Technologies shares jumped more than 4% in morning trade after the company bagged a prestigious contract to develop the digital ecosystem for the Indian Government’s PM Surya Ghar: Muft Bijli...
AHAsolar Technologies secures key contract to develop digital ecosystem for India’s largest rooftop solar program
AHAsolar Technologies Limited, a leader in the solar PV space, has won a prestigious contract to develop the digital ecosystem for the Indian Government’s PM Surya Ghar: Muft Bijli Yojana. The project...
Motilal Oswal initiates coverage on power financiers – PFC and REC
Motilal Oswal has initiated coverage on two major power financing companies, Power Finance Corporation (PFC) and REC Limited, with buy ratings. The target prices set are ₹560 for PFC and ₹630 for REC....
Maithan Alloys acquires 0.02% stake worth ₹8.41 crore in REC
Maithan Alloys Limited has completed the acquisition of a 0.02% stake in REC Limited, a Maharatna company under the Ministry of Power, for ₹8.41 crore. The acquisition was made through the stock excha...
REC reports strong growth in Q2 FY24-25
REC Limited has recently reported robust performance for the second quarter and first half of the fiscal year 2024-25. For Q2, the company disbursed loans totalling ₹47,303 crore, marking a 13.71% gro...
REC will give ₹3L cr for Raj power projects
Rural Electrification Corporation (REC) has signed an MoU with the Rajasthan government to finance ₹3 lakh crore for power and infrastructure projects over the next six years, significantly increasing...
Solar Industries shares surge 2% after company gets NCLT approval for scheme of Amalgamation Of Rajasthan explosives with arm
Solar Industries India shares jumped more than 2% in morning trade after the company received NCLT approval for the scheme of Amalgamation Of Rajasthan explosives with arm. In the exchange filing, the...
India Lender Backs Gujarat Fund to Boost Clean Power Developers
Indian lender REC Ltd. has backed a proposal from the western state of Gujarat for a fund to support clean energy developers looking to build in the region.
REC commits to expanding renewables loan book to over ₹3 trillion by 2030
REC Limited has announced a non-binding commitment to significantly boost its renewables loan book to over ₹3 trillion by 2030. The company aims to increase its focus on renewable energy projects, rai...
UBS initiates coverage on PFC, REC with Buy rating, expects both stocks to rally over 16%
UBS has initiated coverage on Power Finance Corporation (PFC) and REC Limited, assigning both stocks a "Buy" rating.