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REC Ltd has signed an MoU with Council on Energy, Environment and Water (CEEW) to improve operational and financial sustainability of discoms by deploying smart meters and strengthening of power distribution networks.
Read more about Disputed decline in power dues on Business Standard. The amount of money that remained outstanding after 45-to-60 days of grace period given to the distribution companies fell to about Rs 67,300 crore, over 20 per cent lower than what it was a month ago
YES Securities Nifty rallied for the straight sixth session, in Friday’s trade Nifty opened on a gap up note above 15,400 mark and traded in positive territory throughout the session. Surpassing Feb months high, Nifty also registered a new record high at 15,470. However, Nifty traded within a narrow trending band of 75 points which is the lowest daily trading range since 10th May. Moreover, Nifty's breadth was unimpressive as about half of Nifty50 components ended in red, it represents stock specific action at play. Shifting the base higher, now levels of 15,250 could turn out as immediate...
Annual revenue grows 19 per cent to ₹35,575 crore.
REC Ltd is quoting at Rs 134.3, up 2.36% on the day as on 12:49 IST on the NSE. The stock is up 50.64% in last one year as compared to a 61.85% spurt in NIFTY and a 69.66% spurt in the Nifty Financial Services. REC Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 134.3, up 2.36% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.88% on the day, quoting at 14953.6. The Sensex is at 49575.73, up 0.75%. REC Ltd has risen around 7.4% in last one month. Meanwhile, Nifty Financial Services index of which REC Ltd is a constituent, has risen around 8...