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The Economic Times

REC signs MoUs worth ₹1.1 lakh crore with RE cos

REC Ltd has signed memorandums of understanding worth Rs 1.12 lakh crore with renewable energy developers for projects over five years. These include solar-wind hybrid, round-the-clock renewable power, and other renewable energy initiatives. The company aims to increase its renewable energy loan book to over ₹3 lakh crore by 2030.

Mint

REC signs ₹1.12 trillion worth MoUs to finance green energy projects

REC aims to increase the share of renewables in its loan portfolio from the current 8% to 30%, targeting a loan book of ₹10 trillion by 2030.

Business Line

Sunsure Energy partners with REC for green energy projects

Sunsure Energy is currently powering the sustainability journey of over 70 Indian industrial giants across 16 States

Business Line

REC signs MoUs for ₹1.12 lakh crore renewal energy projects

State-run NBFC inks MoUs at renewable energy investors’ meet

The Economic Times

Sunsure Energy inks Rs 10,000-cr loan pact with REC to develop green energy projects

Sunsure Energy has signed an agreement with REC Ltd for a Rs 10,000 crore loan to develop green energy projects. The partnership aims to support the development of 3 GW of solar, wind, hybrid, and BESS projects in India. These projects are expected to offset 5 million tonnes of carbon dioxide annually.

Business Standard

REC inks MoUs worth Rs 1.12 lakh crore with RE developers

REC said that it has signed non-binding memorandum of understandings (MoUs) with Renewable Energy (RE) developers aggregating about Rs 1.12 lakh crore, which will be implemented over a period of 5 years.

The Economic Times

REC shares rally by 3% after signing MoUs of Rs 1.12 lakh crore

Rural Electrification Corporation's shares rose 3% after signing MoUs worth ₹1.12 lakh crore for renewable projects, aiming to boost its renewable loan book to ₹3 lakh crore by 2030.

Business Line

REC inks MoUs with renewable energy companies for projects worth ₹1.12 lakh crore

REC Limited plans to support India's goal of increasing non-fossil-based generation capacity from 200 GW to 500 GW by 2030

The Economic Times

Share price of REC rises as Nifty strengthens

A total of 178,158 shares changed hands on the counter till 09:59AM (IST).

CNBC TV18

The Marketbuzz Podcast: All eyes on the Fed, Nifty Bank weekly expiry today

Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like REC, SpiceJet, ONGC.

Business Standard

Stocks To Watch: Jupiter Wagons, REC, Tata Motors, NTPC, Infosys

Stocks to watch today: Hindalco Industries is planning to enter the solar module manufacturing sector with a new plant in Mundra, Gujarat.

The Economic Times

Stocks in news: VST Industries, Torrent Power, REC, Tata Power, Mankind Pharma

Torrent Power has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for procurement of 1,500 MW/ 12,000 MWh energy storage capacity for pumped hydro storage project.

Business Standard

Infra lender REC signs renewable energy agreements worth $13.4 billion

REC is targetting to take its renewables loan book to over Rs 3 trillion by 2030, expanding the share of renewables to 30 per cent from 8 per cent currently

The Economic Times

Share price of REC falls as Sensex gains 125.11 points

Promoters held 52.63 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 20.43 per cent and 9.11 per cent, respectively.

The Economic Times

Share price of REC falls as Sensex gains 186.75 points

Promoters held 52.63 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 20.43 per cent and 9.11 per cent, respectively.

The Economic Times

REC shares down 0.41% as Nifty drops

A total of 131,230 shares changed hands on the counter till 12:42PM (IST).

The Economic Times

REC share price up 1.61 per cent

A total of 253,703 shares changed hands on the counter till 02:08PM (IST).

CNBC TV18

Havells, REC, Polycab, Tata Consumer, Bajaj Auto and Canara Bank are on the radar for today's trade

On Thursday, market tech analyst Mitessh Thakkar and F&O analyst Chandan Taparia recommended these stocks for the short term.

The Economic Times

Share price of REC falls as Nifty strengthens

A total of 174,669 shares changed hands on the counter till 12:17PM (IST).

The Economic Times

REC shares drop 1.08% as Sensex rises

A total of 222,390 shares changed hands on the counter till 01:51PM (IST)

CNBC TV18

REC, PFC lead losses on the Nifty PSE index; What should investors do?

On the charts, the Relative Strength Index (RSI) of both REC and PFC stands at 47 and 44 respectively.

The Economic Times

Azure Power to prepay green bonds worth USD 310 mn

Azure Power has announced plans to prepay green bonds worth USD 310 million, maturing in December 2024. These bonds are linked to seven utility projects across various Indian states. The refinancing, valued at approximately Rs 24 billion, is underwritten by REC Limited and highlights Azure Power's commitment to sustainable growth in India's renewable energy sector.

The Economic Times

REC share price down 4.02 per cent

A total of 477,014 shares changed hands on the counter till 02:09PM (IST).

The Economic Times

REC shares fall 3.22% as Nifty drops

A total of 158,973 shares changed hands on the counter till time (IST).

The Economic Times

REC rises 1.12% as Sensex slides

The stock traded at a P/E multiple of 11.35, while the price-to-book value ratio stood at 1.73.

Mint

Top Stock Recommendations: Sagar Doshi of Nuvama recommends REC, Prism Johnson, and L&T Finance today

Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends buying these three stocks today - REC Ltd, Prism Johnson Ltd, and L&T Finance Ltd.

Business Standard

IEX trade volume increases by nearly 36% to 12,040 mn units in Aug

Indian Energy Exchange (IEX) total trade volume rose 35.8 per cent year-on-year to 12,040 million units (MU) in August this year. The electricity volume increased 17.1 per cent year-on-year to 9,914 MU in August, an IEX statement said. According to the statement, IEX achieved total (trade) volume (including certificates) of 12,040 MU in August 2024, marking a 35.8 per cent year-over-year increase. The renewable energy certificates (REC) at 2,116 MU, increased 737.4 per cent year-on-year. At Rs 115 per certificate, the REC market recorded an all-time low price in the trading session held on August 28, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their renewable purchase obligations, and voluntary customers to meet their sustainability aspirations. As the monsoon gained momentum in August, there was a substantial increase in hydro and wind power generation, enhancing the overall availability of renewable energy in the

CNBC TV18

IEX records 35.8% growth in August, renewable energy certificate segment surges 737%

This spike was accompanied by an all-time low REC price of ₹115 per certificate during the trading session on August 28, 2024. Shares of Indian Energy Exchange Ltd ended at ₹205.90, up by ₹2.55, or 1.25%, on the BSE.

Business Standard

International Carbon Exchange enters into Issuer Agreement with I-TRACK Foundation and Evident

To act as a local issuer of I-REC in Indian market

The Economic Times

Adani Ports out, REC in: How Bernstein has tweaked its portfolio

Bernstein has sold Adani Ports, Bharti Airtel, and Axis Bank from its India Model Portfolio, favoring stable stocks like REC, SBI Life, and D-Mart. Despite market volatility, strong DII inflows have boosted the Nifty index by 15% YTD.

Business Standard

Adani Energy acquires Khavda project entailing Rs 4,091 cr investment

Adani Energy Solutions on Monday said it has acquired a 298-km special purpose vehicle (SPV) of the Khavda Phase IV Part-A transmission project entailing an investment of Rs 4,091 crore. Khavda IVA Power Transmission Ltd, an SPV, was set up by REC Power Development and Consultancy Ltd (RECPDCL) to evacuate 7 GW of renewable energy from Khavda RE park, the company said in a statement. Adani Energy Solutions (AESL) will commission the project in Gujarat in the next 24 months on BOOT (build, own, operate and transfer) basis, it said. The company will invest Rs 4,091 crore to build the 298 km (596 ckm) transmission project, as per the statement. The project also includes setting up 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors, it said. AESL won the project through the tariff-based competitive bidding process and will commission the project in the next 24 months on BOOT (build, own operate, a

The Economic Times

REC share price down 0.46 per cent

A total of 203,950 shares changed hands on the counter till 01:49PM (IST).

CNBC TV18

Adani Energy Solutions secures letter of intent for 7 GW Khavda transmission project

Adani Energy Solutions Share Price | The company informed the exchanges on September 2 that it has completed the acquisition of the Khavda Phase IV Part-A transmission project after receiving a letter of intent  from REC Power Development and Consultancy Ltd.

The Economic Times

REC shares up 0.03% as Nifty gains

The stock quoted a 52-week high price of Rs 653.9 and low of Rs 230.6.

CNBC TV18

Buy PFC and REC, says UBS but prefers the parent over its subsidiary

UBS believes REC and PFC's growth drivers and trajectory will be similar, with REC growing slightly ahead of PFC. REC is trading at a nearly 35% premium to the PFC standalone multiple versus 25% historically.

Mint

PFC, REC shares gain after UBS initiates ‘Buy’ on these dividend stocks

PFC share price has given stellar returns as it has grown over 42% year-to-date (YTD). PFC shares have turned multibagger as the stock is up more than 151% in the past twelve months and over 438% in three years.

Business Standard

REC inks pact with JNPA for financing projects up to Rs 45,000 crore

REC will provide funds for JNPA's infrastructure projects, including the Vadhavan port development plan

The Economic Times

REC to provide Rs 45,000 cr finance to JNPA

REC Ltd agreed to finance up to Rs 45,000 crore for various Jawaharlal Nehru Port Authority (JNPA) projects, which include the Vadhavan Port development. The memorandum of understanding was signed by REC Executive Director Rahul Dwivedi and JNPA Chairman Unmesh Sharad Wagh, with Union Minister Sarbananda Sonowal present to witness the agreement outlining this partnership.

Mint

Buy or sell: DLF, REC Ltd & Indigo — Ganesh Dongre recommends three stocks for Monday

Buy or sell: Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi believes that individual stocks within the Nifty continue to show signs of bullish sentiment, contributing to overall market optimism

The Economic Times

REC raises 31.96 billion Japanese yen through 5-year green loan

The loan, which is equivalent to $200 million, will be used to finance eligible green projects in India, REC said in a statement.