Page 41 - Rec News Today

The company is aiming to install rooftop solar systems in 10 million households, Chairman and Managing Director Vivek Kumar Dewangan announced on Tuesday adding that in this major push towards renewable energy, REC will lend up to Rs 1.2 lakh crore for the installation of these rooftop solar panels.

Net interest income (NII) for the reporting period was around Rs 4,159 crore, 18 percent higher than the previous fiscal.

Vivek Dewangandiscusses the implementation of the Rooftop Solar mission and the role of REC as the overall programme implementation agency. The target is to cover one crore households and install 40 gigawatts of rooftop solar capacity by 2026. The total financing required for this is estimated to be around Rs 2,00,000 to 2,40,000 crore. Dewangan also mentions that REC is diversifying into non-power infrastructure and logistics, with a focus on financing refineries, electromechanical components, ...

Chakri Lokapriya of RedStrawBerry LLP discusses the railway stocks bandwagon and advises holders not to sell at the current expensive levels. He suggests that investors can afford a 15-20% loss if they have already seen significant upside. Lokapriya also mentions Sterling Wilson and REC as potential beneficiaries in the solar rooftop panels rollout. When comparing ICICI Bank and Kotaks earnings, he believes ICICI will perform better due to its loan and deposit growth.

State-owned REC Ltd on Tuesday posted about a 13.5 per cent rise in its consolidated net profit to Rs 3,308.42 crore for the December 2023 quarter, mainly on the back of higher revenues.

INVESCO INDIA ELSS TAXSAVER FUND: The fund has seen its portfolio grow sharply from around 40 in December 2021 to 60 at present. It retains healthy positions in some of its top bets, but has shed its earlier preference for taking only positive active positions relative to the index. Should you invest?

REC limited is a Maharatna Public Sector Enterprise and a well acclaimed Non-Banking Financial Company endowed with Infrastructure Finance Company status.

City Manager Sam Sander is a hosting a forum at Carver Recreation Center from 6 p.m. to 8 p.m. Tuesday, Jan. 23, to discuss the budget for the next fiscal year.

A gala concert of ballet dancers from Russia in honor of the First Festival-Fair “Made in Russia” will take place on February 4 in the Chinese province of Liaoning on the stage of the Bolshoi Theater in Dalian, said Veronika Nikishina, REC General Director (VEB.RF) at a press conference on Thursday.

If Mark Farnham had his druthers, collards would have long ago eclipsed kale as the nation’s go-to leafy green. From a nutritional standpoint, “there’s almost no difference. And heck, collards taste better.”