REC Limited

The domestic equity indices traded with limited gains in early trade, amid positive global sentiment. Investors will closely monitor bond markets, brent crude trends and global trade developments. The Nifty traded near the 24,700 level. Pharma, media and oil & gas shares advanced while PSU Bank, FMCG and consumer durables stocks declined. At 09:25 IST, the barometer index, the S&P BSE Sensex, advanced 200 .17 points or 0.25% to 81,198.42. The Nifty 50 index added 75.95 points or 0.31% to 24,696.10. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.32% and the S&P BSE Small-Cap index added 0.69%. The market breadth was strong. On the BSE, 2,126 shares rose and 680 shares fell. A total of 126 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth 1,076.18 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,566.82 crore in the Indian equity market on 4 June 2025, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.14% to 6.203 from previous close of 6.211. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.9400 compared with its close of 85.8700 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.05% to Rs 98,528. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 98.81. The United States 10-year bond yield jumped 0.25% to 4.373. In the commodities market, Brent crude for August 2025 settlement shed 9 cents or 0.14% to $65.77 a barrel. Stocks in Spotlight: REC advanced 1.17% after the company's board has approved a proposal to raise up to Rs 1.55 lakh crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, in one or more tranches. Force Motors rallied 3.54% after the company's total sales jumped 19.14% to 3,088 units in May 2025 compared with 2,592 units sold in May 2024. Domestic sales jumped 24.46% to 3,002 units while exports sales tumbled 52.22% to 86 units in May 2025 over May 2024. Sansera Engineering added 2.05% after the company has secured an order worth Rs 160 crore from Airbus Defence for the manufacturing, supplying and supporting the Airborne Intensive Care Transport Module (ICTM) for light and medium transport aircraft programs. Global Markets: Most Asian indices rose on Thursday, with the South Korean market extending gains from the previous session. Investor attention remained on a potential call between former U.S. President Donald Trump and Chinese President Xi Jinping, which the White House indicated could take place this week. Optimism surrounding the potential dialogue contributed to gains on Wall Street earlier in the week. The Caixin China services purchasing managers' index came in at 51.1 in May, rising from 50.7 in April and remaining above the 50-mark, which separates an expansion from a contraction. China's services activity in May climbed from the month before, buoyed by rising tourism activity. However, new export orders slowed at a slightly lower pace, weighed by uncertainty from the U.S. tariffs. On Wednesday, U.S. markets closed mixed. The Dow Jones Industrial Average declined by 0.22%, while the S&P 500 inched up 0.01% and the Nasdaq Composite gained 0.32%, supported by strength in technology stocks. Meanwhile, private sector hiring in the U.S. fell to its lowest level in over two years. Data from payroll processor ADP showed that payrolls increased by only 37,000 in May, compared to a revised 60,000 in April. The report has heightened concerns about the impact of trade-related uncertainty on the U.S. economy. The data precedes the release of the official nonfarm payrolls report for May, scheduled for Friday, which investors now expect to show further weakness.Powered by Capital Market - Live

Securities in F&O Ban: Manappuram Finance shares are banned from F&O trading on 5 June 2025. Stocks to Watch: REC's board has approved a proposal to raise up to Rs 1.55 lakh crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, in one or more tranches. Force Motors' total sales jumped 19.14% to 3,088 units in May 2025 compared with 2,592 units sold in May 2024. Domestic sales jumped 24.46% to 3,002 units while exports sales tumbled 52.22% to 86 units in May 2025 over May 2024. Sansera Engineering has secured an order worth Rs 160 crore from Airbus Defence for the manufacturing, supplying and supporting the Airborne Intensive Care Transport Module (ICTM) for light and medium transport aircraft programs. CESC's subsidiary, Purvah Green Power has entered into agreement with Envision Energy India for supply and commission of wind turbine generator (WTG) totaling 1 GW. Deccan Gold Mines' associate company, Geomysore, received the consent to operate (CTO) for its Jonnagiri Gold Project from the Andhra Pradesh Pollution Control Board (APPCB). Gland Pharma's material subsidiary, Cenexi received 11 observations from Agence nationale de s'curit' du m'dicament et des produits de sant' (ANSM), France, for its Fontenay manufacturing facility. Powered by Capital Market - Live

Robertsganj Power Transmission (CIN: U42202DL2025GOI449243) has been incorporated as Wholly Owned Subsidiary of REC Power Development & Consultancy (RECPDCL - a Wholly Owned Subsidiary of REC). The said company is also subsidiary company of REC. Powered by Capital Market - Live

Net profit of REC rose 5.66% to Rs 4309.98 crore in the quarter ended March 2025 as against Rs 4079.09 crore during the previous quarter ended March 2024. Sales rose 20.95% to Rs 15333.54 crore in the quarter ended March 2025 as against Rs 12677.18 crore during the previous quarter ended March 2024. For the full year,net profit rose 12.29% to Rs 15884.23 crore in the year ended March 2025 as against Rs 14145.46 crore during the previous year ended March 2024. Sales rose 18.65% to Rs 56366.55 crore in the year ended March 2025 as against Rs 47504.75 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales15333.5412677.18 21 56366.5547504.75 19 OPM %92.93103.35 -96.17100.76 - PBDT5496.385235.50 5 20142.1717983.93 12 PBT5489.895229.48 5 20117.4717959.94 12 NP4309.984079.09 6 15884.2314145.46 12 Powered by Capital Market - Live

The board of REC at its meeting held on 08 May 2025 has approved the formation of a joint venture between REC Power Development & Consultancy (RECPDCL) (wholly owned subsidiary of REC) and Bharat Heavy Electricals in the shareholding of 50:50 for joint development of renewable energy / other power and infrastructure projects etc. Powered by Capital Market - Live

REC announced that the Board of Directors of the Company at its meeting held on 08 May 2025, has recommended a Final Dividend of Rs.2.60 per share (i.e.26%), subject to the approval of the shareholders.Powered by Capital Market - Live

REC will hold a meeting of the Board of Directors of the Company on 8 May 2025.Powered by Capital Market - Live

Srivastava steps into the role with the rank and pay of additional secretary to the government of India. Prior to this appointment, Jitendra was serving as joint secretary in the Department of Drinking Water and Sanitation, Ministry of Jal Shakti. Srivastava takes over from Parminder Chopra, CMD of Power Finance Corporation (PFC), who had been holding additional charge of REC CMD following the departure of Vivek Kumar Dewangan (IAS, Manipur 1993). Jitendra Srivastava is an IAS officer (not applicable) from the Bihar Cadre (2000 Batch) and is a seasoned civil servant with over two decades of distinguished service. Over the years, he has held several key administrative and leadership roles across the Government of India and the Government of Bihar. Jitendra holds a B.A. (Hons) in Economics from Delhi University's Hansraj College and an MBA (Finance) from Cochin University of Science and Technology. REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as a Non-Banking Finance Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company (IFC). The company's consolidated net profit jumped 23.2% to Rs 4076.35 crore in Q3 FY25 as compared with Rs 3308.42 crore in Q3 FY24. Total income increased 18.4% YoY to Rs 14,286.91 crore during the quarter ended 31st December 2024. The scrip shed 0.33% to Rs 441.25 on the BSE. Powered by Capital Market - Live

REC announced the appointment of Vinita Narera as Chief Vigilance Office (CVO) with effect from 16 April 2025. She replaces Rashmita Jha as CVO. Powered by Capital Market - Live

The board of REC at its meeting held on 26 March 2025 has approved the appointment of Parminder Chopra, CMD - Power Finance Corporation as Additional Director on the Board of REC in the capacity of CMD (additional charge) w.e.f. 21 March 2025. Powered by Capital Market - Live