REC to invite bids for third Rs 400 cr transmission project

State-owned Rural Electrification
Corp (REC) would invite qualifying bids for the Rs 400-crore
independent transmission project on April 12.

REC posts 48.58% jump in net profit at Rs 474 crore in Q3

State-run Rural Electrification Corporation on Wednesday posted a 48.58 per cent jump in net profit at Rs 474 crore for the quarter ended December 31, 2009, over the same period the previous year.

Reliance Power bags two projects worth Rs 4,100 cr

Reliance Power Transmission Limited, a subsidiary of Reliance Infrastructure, is believed to have bagged two transmission projects worth Rs 4,100 crore connecting six states.

Disinvestment of REC, NTPC, SJVN to be completed by March: FM

Disinvestment in NTPC, REC and SJVN would be completed during current financial yr while process of selling stake in other profit-making PSUs is already underway.

Rural Electrification Corporation board approves FPO

The board of directors of the Rural Electrification Corporation today approved the proposed follow-on public offer (FPO) of the state-run company.

FPO of either NTPC or REC likely in 2-months: Official

The Follow-on Public Offers of either NTPC or Rural Electrification Corporation, are likely to be launched in the next couple of months,
a senior government official said.

NTPC, REC to come up with FPO by fiscal-end

The government on Wednesday said state-run power utilities NTPC and REC will come up with Follow-on Public Offer by the end of this fiscal.