Muthoot last manging director died while falling down from his house one of the sons died by murder due to a brawl in the road

REC Ltd Recent Updates: Major Financing Deals, Growth in Renewable Energy, and Nuclear Power Expansion

• REC Signs Rs 3 Lakh Crore Financing Agreement with Rajasthan Government:
  REC Limited has partnered with the Rajasthan government to provide Rs 3 lakh crore in financing over the next six years for power and non-power infrastructure projects. The company will contribute Rs 50,000 crore annually, a significant increase from the previous Rs 20,000 crore per year commitment, extending support until 2030.
• H1 FY2024-25 Loan Disbursement Growth:
  REC has disbursed a total of Rs 90,955 crore in loans during the first half (H1) of FY2024-25, reflecting a 20.10% year-on-year increase compared to the Rs 75,731 crore in the same period last year. Of this, renewable energy loans accounted for Rs 11,297 crore, a remarkable 92.68% increase over H1 FY2023-24. In Q2 FY2024-25 alone, REC disbursed Rs 47,303 crore, up 13.71% YoY, with Rs 5,946 crore allocated specifically to renewable energy projects.
• PFC Secures $1.265 Billion Foreign Currency Loan:
  REC’s sister company, Power Finance Corporation (PFC), closed a $1.265 billion foreign currency loan, the largest-ever by an Indian PSU. The loan will support assets outside of thermal power, promoting green energy transition and decarbonization efforts.
• REC’s Growing Focus on Renewable and Nuclear Energy:
  As global demand for electricity increases, REC is investing heavily in nuclear power as part of India’s broader shift towards clean energy. Though India’s nuclear power generation is still small, the push to increase capacity is gaining momentum. Nuclear energy, which provides clean, 24/7 power, has already saved 716 million tons of carbon emissions in India. REC’s focus on renewable energy loans and international transmission projects further highlights its role in supporting India’s transition to a 50% non-fossil fuel energy mix.
• India’s Energy Transition and REC’s Role:
  India is currently ranked fourth globally in installed renewable energy capacity, including large hydro, wind, and solar power. REC continues to support this transition through increased financing, expanding its role in nuclear and renewable energy to help reduce the nation’s carbon footprint.

These updates showcase REC’s key role in financing India’s green energy transition and its commitment to decarbonization, alongside notable growth in its loan disbursements, particularly in the renewable energy sector.

Sources: https://www.bseindia.com/xml-data/corpfiling/AttachHis/9573e767-32c7-40f8-bf41-7b4baf8af945.pdf

I think broadly they covered the above points. For the marketing agency, In the previous call, I remember they were saying they are in the process of finalizing the marketing agency named Medulla Communications which is a leader in pharma industry. Didn’t give any update in this call.

Hey folks, for those who read assets better than I do – Is hathway still in the capex phase? I can see its gross block increasing (roughly by 100Cr) Is that the reason why we have a poor RoCE and ROE? Or something else is fishy with this company?