https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

REC Record ₹ 10,003 crores Profit in Nine Months

Indian Masterminds Stories

The Board of Directors of REC Limited have consolidated financial results for the quarter & period ended 31st December 2023. According the report the Maharatna company formerly knowns Rural Electrification Corporation Limited recorded net profit of ₹ 10,003 crores in last nine months.

It is the result of improving asset quality, increase in lending rates and effective management of Financing Cost. The annualised Earnings Per Share (EPS) for the period ended 31st December 2023 accelerated to ₹ 50.65 per share as against ₹ 40.79 per share as at 31st December 2022.Aided by growth in profits, the Net Worth has grown to ₹ 64,787 crores as on 31st December 2023, an increase of 18% YoY.

Let it be noted REC is a ‘Maharatna’ Central Public Sector Enterprise under the Ministry of Power, and is registered with RBI as Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC). It is also financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pumped Storage projects, Green Hydrogen and Green Ammonia projects.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
ias-ravi-sihag-biography
Why Is Hindi Medium UPSC CSE-2021 Topper IAS Ravi Sihag Under Investigation Over EWS Certificate? Explained
D Shilpa IPS
Kerala HC Orders IPS Officer D Shilpa’s Inclusion in Karnataka Cadre After Cadre Allocation Error - Know More!
Himachal Pradesh Police1
Himachal DGP Disc Award List Withdrawn Hours After Announcement Amid Leadership Transition
MP Police
MP Police Shake-Up: 10 IPS Officers Transferred, CM Mohan Yadav Acts Swiftly After Public Incidents
IRSSE (Indian Railway Service of Signal Engineers) officer
IRSSE Gaurav Govil Debarred from Central Deputation for 5 Years Over Non-Compliance with CVO Appointment
Delhi High Court-resized-DelhiHC
Faith vs Discipline: Delhi HC Backs Army in Termination of Officer, Upholds Dismissal For Refusing Religious Parade Participation
IRS Officer Indian revenue Services
Senior IRS Officer Caught in Bribery Case: ₹25 Lakh Seized at Mohali Residence, ₹45 Lakh Demanded – Know the Full Story
PNB Housing Finanace
PNB Housing Finance Elevates Bhavya Taneja as Chief Marketing Officer (CMO) - Know More About Him
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
Madhav Agarwal UPSC
From Gwalior to the Top 20: What Drove Finance Pro Madhav Agarwal to Crack UPSC CSE 2024 with AIR 16? | Exclusive
ADVERTISEMENT
UPSC Stories
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
WhatsApp Image 2025-05-28 at 18.56
Didn’t Clear UPSC But Found Something Greater: A Story That Will Change How You See Success
She left a top finance job for UPSC, did not clear but built a thriving wellness brand instead. Veda's...
Social Media
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
UPSC Latest IAS IPS IFS
UPSC CSE Prelims 2025 Tomorrow: ICLS Officer Altap Shaikh Shares Last-Minute Motivation for Aspirants
His five-post thread offers encouragement, practical advice, and emotional support - not just for those...
Anupam Sharma IFS
#BoycottTurkey: IFS Officer Anupam Sharma Sparks Nationalist Call to Action
IFS Sharma urged citizens to avoid Turkish agricultural imports
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
ias-ravi-sihag-biography
Why Is Hindi Medium UPSC CSE-2021 Topper IAS Ravi Sihag Under Investigation Over EWS Certificate? Explained
D Shilpa IPS
Kerala HC Orders IPS Officer D Shilpa’s Inclusion in Karnataka Cadre After Cadre Allocation Error - Know More!
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Tushar G Nikhare
IMG-20250523-WA0036
Madhav Agarwal UPSC
ADVERTISEMENT
ADVERTISEMENT