REC announced the incorporation of two step-down subsidiaries (incorporated by wholly owned subsidiary of the company REC Power Development) - WRNES Talegaon Power Transmission and Khavda V-BIB2 Power Transmission. Powered by Capital Market - Live News

REC announced the cessation of Dr. Gambheer Singh and Dr. Manoj Manohar Pande as Directors of the company with effect from 15 November 2024. Powered by Capital Market - Live News

Shri Subhash Chandra Garg, Executive Director of REC has ceased from his position on account of superannuation on 1 November 2024, pursuant to which Shri Subrata Aich, the General Manager (Finance & Accounts) has been promoted as Executive Director of the Company.Powered by Capital Market - Live News

REC has fixed 08 November 2024 as record date for 2nd interim dividend of Rs 4 per share for FY 2024-25. The dividend will be paid on or before 22 November 2024. Powered by Capital Market - Live News

Net profit of REC rose 6.54% to Rs 4037.72 crore in the quarter ended September 2024 as against Rs 3789.90 crore during the previous quarter ended September 2023. Sales rose 17.06% to Rs 13682.43 crore in the quarter ended September 2024 as against Rs 11688.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales13682.4311688.24 17 OPM %99.29104.21 - PBDT5103.374843.75 5 PBT5097.394837.61 5 NP4037.723789.90 7 Powered by Capital Market - Live News