The Board of Directors of REC Limited, in its Meeting held on 20th March, 2019, approved Market Borrowing Programme under different debt segments for the financial year 2019-20 for an aggregate amount of Rs. 90,000.
The board also approved the incorporation of a Project Specific Special Purpose Vehicle (SPV), as Wholly Owned Subsidiary Company of REC Transmission Projects Company Limited for 'Construction of 765/ 400/ 220 kV GIS substation, Rampur and 400/ 220/ 132 kV GIS substation, Sambhal with associated transmission lines' allocated by UPPTCL to be implemented through tariff based competitive bidding route.
Shares of REC Ltd was last trading in BSE at Rs.148.4 as compared to the previous close of Rs. 145.2. The total number of shares traded during the day was 783256 in over 6368 trades.
The stock hit an intraday high of Rs. 150.3 and intraday low of 144.7. The net turnover during the day was Rs. 116205624.