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The company’s board of directors declared a second interim dividend of ₹4.60 per equity share (of face value ₹10 each) for the financial year 2025–26. Shares of REC Limited ended at ₹374.90, down by ₹2.60, or 0.69%, on the BSE.
State-owned Rural Electrification Corporation Ltd (REC) on Friday (October 17) posted an over 9% year-on-year increase in net profit to ₹4,414.93 crore in the September quarter, on higher income. It had clocked a net profit of ₹4,037.72 crore in the second quarter of the preceding 2024-25 financial year, REC Ltd said in an exchange filing.
In the latest July-September period, the company registered a 10.62 per cent rise in total revenues to Rs 15,162.38 crore from Rs 13,706.31 crore in the year-ago period. Interest income rose to Rs 14,589.97 crore from Rs 13,484.82 crore in Q2 FY25.
REC, under the Ministry of Power, is a Non-Banking Finance Company (NBFC), which provides long-term loans and other financing products to states, Centre and private companies for creation of infrastructure assets in the country.
The company’s board of directors declared a second interim dividend of ₹4.60 per equity share (of face value ₹10 each) for the financial year 2025–26. The record date for determining eligible shareholders is Monday, October 27, 2025, and the dividend will be paid or dispatched on or before November 14, 2025.
In a separate filing, REC said its wholly owned subsidiary, REC Power Development and Consultancy Ltd (RECPDCL), has completed the sale and transfer of two project-specific subsidiaries on October 17, 2025, after receiving the necessary consideration from the successful bidders selected through a tariff-based competitive bidding process.
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The transferred entities include Ananthapuram II Power Transmission Limited, which has been acquired by Shivalaya Construction Ltd, and SRWR Power Transmission Ltd, which has been acquired by Power Grid Corporation of India Ltd. Each subsidiary comprised 50,000 equity shares held by RECPDCL, which have been transferred at par value along with all assets and liabilities.
The consideration received for the transfer of Ananthapuram II Power Transmission Limited amounted to ₹7.70 crore (including taxes), while ₹10.63 crore (including taxes) was received for SRWR Power Transmission Limited. Both transactions also included reimbursement of expenses.
REC clarified that neither of the buyers belongs to its promoter or promoter group, and the transactions do not qualify as related party transactions. The sale was executed through Share Purchase Agreements (SPAs) signed on October 17, 2025, and is not in the nature of a slump sale.
Also Read: REC shares fall after PSU cuts AUM growth guidance for FY26
Shares of REC Limited ended at ₹374.90, down by ₹2.60, or 0.69%, on the BSE.
First Published:
Oct 17, 2025 9:16 PM
IST
