REC will hold a meeting of the Board of Directors of the Company on 30 November 2023.Powered by Capital Market - Live News

REC announced that the Board of Directors of the Company at its meeting held on 1 November 2023, has recommended a Second Interim dividend of Rs.3.50 per share (i.e.35%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of REC rose 38.72% to Rs 3789.90 crore in the quarter ended September 2023 as against Rs 2732.12 crore during the previous quarter ended September 2022. Sales rose 17.40% to Rs 11688.24 crore in the quarter ended September 2023 as against Rs 9955.99 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales11688.249955.99 17 OPM %104.2192.02 - PBDT4843.753442.15 41 PBT4837.613436.24 41 NP3789.902732.12 39 Powered by Capital Market - Live News

REC will hold a meeting of the Board of Directors of the Company on 1 November 2023.Powered by Capital Market - Live News

The Board of REC at its meeting held on 27 September 2023 has approved the sale and transfer of the entire shareholding of Ramgarh-II Transmission, presently held by REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC to Power Grid Corporation of India, the successful bidder selected through Tariff Based Competitive Bidding process. Powered by Capital Market - Live News