REC Limited Powers Ahead: Strategic JV, Strong Q4 Earnings & Dividend Boost

REC Limited has made significant strides in the renewable energy sector with a joint venture (JV) with Bharat Heavy Electricals Ltd (BHEL) in a 50:50 partnership to develop utility-scale renewable energy projects. This collaboration aims to leverage BHEL’s engineering expertise and REC’s infrastructure investment capabilities to accelerate India’s clean energy transition.

Financially, REC Limited has reported robust Q4 results, with total consolidated revenue from operations reaching ₹153.34 billion and a net profit of ₹43.1 billion. This marks a strong performance, reinforcing its position as a key player in India’s power financing sector.

In a move to reward shareholders, REC has announced a dividend of ₹2.6 per share, reflecting its commitment to delivering consistent returns.

The company continues to expand its footprint in the power sector, with strategic investments and partnerships aimed at strengthening India’s energy infrastructure. With its latest JV and solid financial performance, REC Limited is poised for sustained growth in the renewable energy and power financing space.

Sources: Press Information Bureau, Business Standard
 

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