Category: All News

The Board of Directors of REC Limited approved the standalone and consolidated financial results for the quarter ended June 30, 2026. 

Operational and Financial Highlights: Q1 FY27 vs Q4 FY26
–   Net interest income: ₹5,212 crore Vs ₹4,961 crore up by 5%
–   Net Profit: ₹4,149 crore Vs ₹3,362 crore, up by 23%

Despite a dynamic operating environment, REC sustained a healthy NIM of 3.34%, reflecting the strength of its lending portfolio and disciplined financial management. Consequently, the Company delivered an annualised EPS of ₹63.04 per share for the quarter ended June 30, 2026, underscoring its robust earnings performance.

REC’s standalone loan book stood at ₹5.90 lakh crore as on June 30, 2026 which is the largest for any CPSU-NBFC in India, demonstrating the strength and stability of its lending operation. Aided by growth in profits, the Net Worth has grown by 15% on Y-o-Y basis to ₹91,836 crore as on June 30, 2026.

The renewable energy portfolio continued to witness robust traction, growing to ₹78,596 crore, constituting 13.32% of the overall loan composition, reinforcing REC’s commitment to fostering sustainable infrastructure development and accelerating the growth of green energy in India. The infrastructure and logistic portfolio has grown to ₹59,289 crore, which is over 10% of the overall loan assets.

Driven by sustained initiatives to improve asset quality, the Company has reduced its Stage-3 loan asset-to-total-loan-portfolio ratio to near-zero levels, i.e., 0.11%.

Indicating the ample opportunity to support future growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a comfortable 23.06% as at June 30, 2026, against the regulatory minimum of 15% as mandated by the RBI.

In line with its consistent dividend distribution track record and commitment to enhancing shareholder returns, the Board of Directors of the Company has declared the First Interim Dividend of ₹4.25 per equity share (face value ₹10 each).

The strengthening fundamentals of the Indian power sector have contributed to the improved financial position of power utilities, resulting in stronger overall credit profiles and consequently lower provisioning requirements. Reflecting its customer-centric approach, REC proactively shared these benefits with borrowers by rationalizing lending rates, resulting in a yield of 9.55% in Q1-FY 2026-27.

The Company was recognized with the ‘NBFC of the Year’ Award at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026 and the ‘AI & GenAI Adoption Excellence Award’ at the 2nd Bharat PSU Manthan & Excellence Awards 2026, underscoring its strong business performance, digital innovation, and leadership in leveraging advanced technologies to drive operational excellence and enhance customer experience.

REC Limited is strategically broadening its business footprint through targeted investments in conventional power, renewal energy and infrastructure & logistics development in the country apart from being a strategic partner to government of India in implementing the government programs, policy and reforms in the country and steadily fostering long term growth.

The Board of Directors of REC Limited approved the standalone and consolidated financial results for the quarter ended June 30, 2026. 

Operational and Financial Highlights: Q1 FY27 vs Q4 FY26
–   Net interest income: ₹5,212 crore Vs ₹4,961 crore up by 5%
–   Net Profit: ₹4,149 crore Vs ₹3,362 crore, up by 23%

Despite a dynamic operating environment, REC sustained a healthy NIM of 3.34%, reflecting the strength of its lending portfolio and disciplined financial management. Consequently, the Company delivered an annualised EPS of ₹63.04 per share for the quarter ended June 30, 2026, underscoring its robust earnings performance.

REC’s standalone loan book stood at ₹5.90 lakh crore as on June 30, 2026 which is the largest for any CPSU-NBFC in India, demonstrating the strength and stability of its lending operation. Aided by growth in profits, the Net Worth has grown by 15% on Y-o-Y basis to ₹91,836 crore as on June 30, 2026.

The renewable energy portfolio continued to witness robust traction, growing to ₹78,596 crore, constituting 13.32% of the overall loan composition, reinforcing REC’s commitment to fostering sustainable infrastructure development and accelerating the growth of green energy in India. The infrastructure and logistic portfolio has grown to ₹59,289 crore, which is over 10% of the overall loan assets.

Driven by sustained initiatives to improve asset quality, the Company has reduced its Stage-3 loan asset-to-total-loan-portfolio ratio to near-zero levels, i.e., 0.11%.

Indicating the ample opportunity to support future growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a comfortable 23.06% as at June 30, 2026, against the regulatory minimum of 15% as mandated by the RBI.

In line with its consistent dividend distribution track record and commitment to enhancing shareholder returns, the Board of Directors of the Company has declared the First Interim Dividend of ₹4.25 per equity share (face value ₹10 each).

The strengthening fundamentals of the Indian power sector have contributed to the improved financial position of power utilities, resulting in stronger overall credit profiles and consequently lower provisioning requirements. Reflecting its customer-centric approach, REC proactively shared these benefits with borrowers by rationalizing lending rates, resulting in a yield of 9.55% in Q1-FY 2026-27.

The Company was recognized with the ‘NBFC of the Year’ Award at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026 and the ‘AI & GenAI Adoption Excellence Award’ at the 2nd Bharat PSU Manthan & Excellence Awards 2026, underscoring its strong business performance, digital innovation, and leadership in leveraging advanced technologies to drive operational excellence and enhance customer experience.

REC Limited is strategically broadening its business footprint through targeted investments in conventional power, renewal energy and infrastructure & logistics development in the country apart from being a strategic partner to government of India in implementing the government programs, policy and reforms in the country and steadily fostering long term growth.

The Board of Directors of REC Limited approved the standalone and consolidated financial results for the quarter ended June 30, 2026. 

Operational and Financial Highlights: Q1 FY27 vs Q4 FY26
–   Net interest income: ₹5,212 crore Vs ₹4,961 crore up by 5%
–   Net Profit: ₹4,149 crore Vs ₹3,362 crore, up by 23%

Despite a dynamic operating environment, REC sustained a healthy NIM of 3.34%, reflecting the strength of its lending portfolio and disciplined financial management. Consequently, the Company delivered an annualised EPS of ₹63.04 per share for the quarter ended June 30, 2026, underscoring its robust earnings performance.

REC’s standalone loan book stood at ₹5.90 lakh crore as on June 30, 2026 which is the largest for any CPSU-NBFC in India, demonstrating the strength and stability of its lending operation. Aided by growth in profits, the Net Worth has grown by 15% on Y-o-Y basis to ₹91,836 crore as on June 30, 2026.

The renewable energy portfolio continued to witness robust traction, growing to ₹78,596 crore, constituting 13.32% of the overall loan composition, reinforcing REC’s commitment to fostering sustainable infrastructure development and accelerating the growth of green energy in India. The infrastructure and logistic portfolio has grown to ₹59,289 crore, which is over 10% of the overall loan assets.

Driven by sustained initiatives to improve asset quality, the Company has reduced its Stage-3 loan asset-to-total-loan-portfolio ratio to near-zero levels, i.e., 0.11%.

Indicating the ample opportunity to support future growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a comfortable 23.06% as at June 30, 2026, against the regulatory minimum of 15% as mandated by the RBI.

In line with its consistent dividend distribution track record and commitment to enhancing shareholder returns, the Board of Directors of the Company has declared the First Interim Dividend of ₹4.25 per equity share (face value ₹10 each).

The strengthening fundamentals of the Indian power sector have contributed to the improved financial position of power utilities, resulting in stronger overall credit profiles and consequently lower provisioning requirements. Reflecting its customer-centric approach, REC proactively shared these benefits with borrowers by rationalizing lending rates, resulting in a yield of 9.55% in Q1-FY 2026-27.

The Company was recognized with the ‘NBFC of the Year’ Award at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026 and the ‘AI & GenAI Adoption Excellence Award’ at the 2nd Bharat PSU Manthan & Excellence Awards 2026, underscoring its strong business performance, digital innovation, and leadership in leveraging advanced technologies to drive operational excellence and enhance customer experience.

REC Limited is strategically broadening its business footprint through targeted investments in conventional power, renewal energy and infrastructure & logistics development in the country apart from being a strategic partner to government of India in implementing the government programs, policy and reforms in the country and steadily fostering long term growth.

The Board of Directors of REC Limited approved the standalone and consolidated financial results for the quarter ended June 30, 2026. 

Operational and Financial Highlights: Q1 FY27 vs Q4 FY26
–   Net interest income: ₹5,212 crore Vs ₹4,961 crore up by 5%
–   Net Profit: ₹4,149 crore Vs ₹3,362 crore, up by 23%

Despite a dynamic operating environment, REC sustained a healthy NIM of 3.34%, reflecting the strength of its lending portfolio and disciplined financial management. Consequently, the Company delivered an annualised EPS of ₹63.04 per share for the quarter ended June 30, 2026, underscoring its robust earnings performance.

REC’s standalone loan book stood at ₹5.90 lakh crore as on June 30, 2026 which is the largest for any CPSU-NBFC in India, demonstrating the strength and stability of its lending operation. Aided by growth in profits, the Net Worth has grown by 15% on Y-o-Y basis to ₹91,836 crore as on June 30, 2026.

The renewable energy portfolio continued to witness robust traction, growing to ₹78,596 crore, constituting 13.32% of the overall loan composition, reinforcing REC’s commitment to fostering sustainable infrastructure development and accelerating the growth of green energy in India. The infrastructure and logistic portfolio has grown to ₹59,289 crore, which is over 10% of the overall loan assets.

Driven by sustained initiatives to improve asset quality, the Company has reduced its Stage-3 loan asset-to-total-loan-portfolio ratio to near-zero levels, i.e., 0.11%.

Indicating the ample opportunity to support future growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a comfortable 23.06% as at June 30, 2026, against the regulatory minimum of 15% as mandated by the RBI.

In line with its consistent dividend distribution track record and commitment to enhancing shareholder returns, the Board of Directors of the Company has declared the First Interim Dividend of ₹4.25 per equity share (face value ₹10 each).

The strengthening fundamentals of the Indian power sector have contributed to the improved financial position of power utilities, resulting in stronger overall credit profiles and consequently lower provisioning requirements. Reflecting its customer-centric approach, REC proactively shared these benefits with borrowers by rationalizing lending rates, resulting in a yield of 9.55% in Q1-FY 2026-27.

The Company was recognized with the ‘NBFC of the Year’ Award at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026 and the ‘AI & GenAI Adoption Excellence Award’ at the 2nd Bharat PSU Manthan & Excellence Awards 2026, underscoring its strong business performance, digital innovation, and leadership in leveraging advanced technologies to drive operational excellence and enhance customer experience.

REC Limited is strategically broadening its business footprint through targeted investments in conventional power, renewal energy and infrastructure & logistics development in the country apart from being a strategic partner to government of India in implementing the government programs, policy and reforms in the country and steadily fostering long term growth.

NTPC Limited, on behalf of its subsidiary NTPC Green Energy Limited (NGEL), has invited bids for the development of a 10 MLD Demineralisation (DM) Plant for the NGEL Green Hydrogen Hub at Pudimadaka, Anakapalli District, Andhra Pradesh.

The tender, issued under Domestic Competitive Bidding, seeks eligible bidders for the Engineering, Procurement, and Construction (EPC) package of the DM plant. The bidding process will follow a single-stage two-envelope system, comprising techno-commercial and price bids through the Government e-procurement portal.

Under the scope of work, the selected contractor will be responsible for the basic design, detailed engineering, procurement, fabrication, supply, transportation, civil construction, erection, commissioning, testing, performance guarantee tests, training, and five years of comprehensive operation and maintenance (O&M) services on a turnkey basis. The DM plant is designed for a minimum operational life of 25 years.

The proposed facility will produce:

• 20 MLD treated water
• 10 MLD demineralised water
• 12 KLD drinking water

The DM plant will include major systems such as pre-treatment, DM water treatment, drinking water facilities with UV treatment and storage, water storage systems, sludge and waste handling systems, air conditioning and ventilation systems, piping networks, fire protection systems, laboratory testing facilities, and associated civil, electrical, and instrumentation works.

The NGEL Green Hydrogen Hub project is expected to support the development of green hydrogen infrastructure in India by creating essential water treatment facilities required for hydrogen production processes.

According to the tender schedule, the Invitation for Bids (IFB) was issued on 24 July 2026, while bids must be submitted by 2 September 2026. The techno-commercial bids will be opened on the same day.

NTPC has specified that bidders must meet technical and financial qualification criteria. Eligible bidders should have prior experience in designing, supplying, erecting, and commissioning reverse osmosis plants with specified water quality parameters. The bidder must also meet financial requirements, including an average annual turnover of at least ₹102 crore during the preceding three financial years.

The tender further specifies that only Class-I local suppliers as defined under the Public Procurement (Preference to Make in India) Order, 2017, are eligible to participate.

The development of the DM plant marks another step in advancing India’s green hydrogen ecosystem and strengthening supporting infrastructure for large-scale clean energy projects.

NTPC Limited, on behalf of its subsidiary NTPC Green Energy Limited (NGEL), has invited bids for the development of a 10 MLD Demineralisation (DM) Plant for the NGEL Green Hydrogen Hub at Pudimadaka, Anakapalli District, Andhra Pradesh.

The tender, issued under Domestic Competitive Bidding, seeks eligible bidders for the Engineering, Procurement, and Construction (EPC) package of the DM plant. The bidding process will follow a single-stage two-envelope system, comprising techno-commercial and price bids through the Government e-procurement portal.

Under the scope of work, the selected contractor will be responsible for the basic design, detailed engineering, procurement, fabrication, supply, transportation, civil construction, erection, commissioning, testing, performance guarantee tests, training, and five years of comprehensive operation and maintenance (O&M) services on a turnkey basis. The DM plant is designed for a minimum operational life of 25 years.

The proposed facility will produce:

• 20 MLD treated water
• 10 MLD demineralised water
• 12 KLD drinking water

The DM plant will include major systems such as pre-treatment, DM water treatment, drinking water facilities with UV treatment and storage, water storage systems, sludge and waste handling systems, air conditioning and ventilation systems, piping networks, fire protection systems, laboratory testing facilities, and associated civil, electrical, and instrumentation works.

The NGEL Green Hydrogen Hub project is expected to support the development of green hydrogen infrastructure in India by creating essential water treatment facilities required for hydrogen production processes.

According to the tender schedule, the Invitation for Bids (IFB) was issued on 24 July 2026, while bids must be submitted by 2 September 2026. The techno-commercial bids will be opened on the same day.

NTPC has specified that bidders must meet technical and financial qualification criteria. Eligible bidders should have prior experience in designing, supplying, erecting, and commissioning reverse osmosis plants with specified water quality parameters. The bidder must also meet financial requirements, including an average annual turnover of at least ₹102 crore during the preceding three financial years.

The tender further specifies that only Class-I local suppliers as defined under the Public Procurement (Preference to Make in India) Order, 2017, are eligible to participate.

The development of the DM plant marks another step in advancing India’s green hydrogen ecosystem and strengthening supporting infrastructure for large-scale clean energy projects.

NTPC Limited, on behalf of its subsidiary NTPC Green Energy Limited (NGEL), has invited bids for the development of a 10 MLD Demineralisation (DM) Plant for the NGEL Green Hydrogen Hub at Pudimadaka, Anakapalli District, Andhra Pradesh.

The tender, issued under Domestic Competitive Bidding, seeks eligible bidders for the Engineering, Procurement, and Construction (EPC) package of the DM plant. The bidding process will follow a single-stage two-envelope system, comprising techno-commercial and price bids through the Government e-procurement portal.

Under the scope of work, the selected contractor will be responsible for the basic design, detailed engineering, procurement, fabrication, supply, transportation, civil construction, erection, commissioning, testing, performance guarantee tests, training, and five years of comprehensive operation and maintenance (O&M) services on a turnkey basis. The DM plant is designed for a minimum operational life of 25 years.

The proposed facility will produce:

• 20 MLD treated water
• 10 MLD demineralised water
• 12 KLD drinking water

The DM plant will include major systems such as pre-treatment, DM water treatment, drinking water facilities with UV treatment and storage, water storage systems, sludge and waste handling systems, air conditioning and ventilation systems, piping networks, fire protection systems, laboratory testing facilities, and associated civil, electrical, and instrumentation works.

The NGEL Green Hydrogen Hub project is expected to support the development of green hydrogen infrastructure in India by creating essential water treatment facilities required for hydrogen production processes.

According to the tender schedule, the Invitation for Bids (IFB) was issued on 24 July 2026, while bids must be submitted by 2 September 2026. The techno-commercial bids will be opened on the same day.

NTPC has specified that bidders must meet technical and financial qualification criteria. Eligible bidders should have prior experience in designing, supplying, erecting, and commissioning reverse osmosis plants with specified water quality parameters. The bidder must also meet financial requirements, including an average annual turnover of at least ₹102 crore during the preceding three financial years.

The tender further specifies that only Class-I local suppliers as defined under the Public Procurement (Preference to Make in India) Order, 2017, are eligible to participate.

The development of the DM plant marks another step in advancing India’s green hydrogen ecosystem and strengthening supporting infrastructure for large-scale clean energy projects.

NTPC Limited, on behalf of its subsidiary NTPC Green Energy Limited (NGEL), has invited bids for the development of a 10 MLD Demineralisation (DM) Plant for the NGEL Green Hydrogen Hub at Pudimadaka, Anakapalli District, Andhra Pradesh.

The tender, issued under Domestic Competitive Bidding, seeks eligible bidders for the Engineering, Procurement, and Construction (EPC) package of the DM plant. The bidding process will follow a single-stage two-envelope system, comprising techno-commercial and price bids through the Government e-procurement portal.

Under the scope of work, the selected contractor will be responsible for the basic design, detailed engineering, procurement, fabrication, supply, transportation, civil construction, erection, commissioning, testing, performance guarantee tests, training, and five years of comprehensive operation and maintenance (O&M) services on a turnkey basis. The DM plant is designed for a minimum operational life of 25 years.

The proposed facility will produce:

• 20 MLD treated water
• 10 MLD demineralised water
• 12 KLD drinking water

The DM plant will include major systems such as pre-treatment, DM water treatment, drinking water facilities with UV treatment and storage, water storage systems, sludge and waste handling systems, air conditioning and ventilation systems, piping networks, fire protection systems, laboratory testing facilities, and associated civil, electrical, and instrumentation works.

The NGEL Green Hydrogen Hub project is expected to support the development of green hydrogen infrastructure in India by creating essential water treatment facilities required for hydrogen production processes.

According to the tender schedule, the Invitation for Bids (IFB) was issued on 24 July 2026, while bids must be submitted by 2 September 2026. The techno-commercial bids will be opened on the same day.

NTPC has specified that bidders must meet technical and financial qualification criteria. Eligible bidders should have prior experience in designing, supplying, erecting, and commissioning reverse osmosis plants with specified water quality parameters. The bidder must also meet financial requirements, including an average annual turnover of at least ₹102 crore during the preceding three financial years.

The tender further specifies that only Class-I local suppliers as defined under the Public Procurement (Preference to Make in India) Order, 2017, are eligible to participate.

The development of the DM plant marks another step in advancing India’s green hydrogen ecosystem and strengthening supporting infrastructure for large-scale clean energy projects.

NTPC Limited, on behalf of its subsidiary NTPC Green Energy Limited (NGEL), has invited bids for the development of a 10 MLD Demineralisation (DM) Plant for the NGEL Green Hydrogen Hub at Pudimadaka, Anakapalli District, Andhra Pradesh.

The tender, issued under Domestic Competitive Bidding, seeks eligible bidders for the Engineering, Procurement, and Construction (EPC) package of the DM plant. The bidding process will follow a single-stage two-envelope system, comprising techno-commercial and price bids through the Government e-procurement portal.

Under the scope of work, the selected contractor will be responsible for the basic design, detailed engineering, procurement, fabrication, supply, transportation, civil construction, erection, commissioning, testing, performance guarantee tests, training, and five years of comprehensive operation and maintenance (O&M) services on a turnkey basis. The DM plant is designed for a minimum operational life of 25 years.

The proposed facility will produce:

• 20 MLD treated water
• 10 MLD demineralised water
• 12 KLD drinking water

The DM plant will include major systems such as pre-treatment, DM water treatment, drinking water facilities with UV treatment and storage, water storage systems, sludge and waste handling systems, air conditioning and ventilation systems, piping networks, fire protection systems, laboratory testing facilities, and associated civil, electrical, and instrumentation works.

The NGEL Green Hydrogen Hub project is expected to support the development of green hydrogen infrastructure in India by creating essential water treatment facilities required for hydrogen production processes.

According to the tender schedule, the Invitation for Bids (IFB) was issued on 24 July 2026, while bids must be submitted by 2 September 2026. The techno-commercial bids will be opened on the same day.

NTPC has specified that bidders must meet technical and financial qualification criteria. Eligible bidders should have prior experience in designing, supplying, erecting, and commissioning reverse osmosis plants with specified water quality parameters. The bidder must also meet financial requirements, including an average annual turnover of at least ₹102 crore during the preceding three financial years.

The tender further specifies that only Class-I local suppliers as defined under the Public Procurement (Preference to Make in India) Order, 2017, are eligible to participate.

The development of the DM plant marks another step in advancing India’s green hydrogen ecosystem and strengthening supporting infrastructure for large-scale clean energy projects.