nifty: Buy REC, target price Rs 163.8: ICICI Direct
REC, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 42645.06 Crore) operating in Term Lending Institutions sector.
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REC, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 42645.06 Crore) operating in Term Lending Institutions sector.
In the last five quarters, REC has not added any NPA. Its gross NPA has fallen from 4.5% to 3.4% percent now, and its net NPA from 2.3% to 1.01%. REC plans to be a net NPA-zero company in the next two years.
The Board of Directors of REC Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.
REC Ltd will also start financing pumped storage, green hydrogen and green ammonia projects. Apart from the 51 transmission projects, another 16-18 projects will be handed over to successful bidders in the next six to eight months, added the chief of REC.
Discoms must leverage smart metering infrastructure to deliver affordable and quality electricity services to consumers by improving operational efficiency and integrating distributed renewables into the grid cost-effectively