Green Energy Stock in Focus: REC Limited

In the dynamic world of finance, green energy stocks are currently stealing the spotlight as the global economy shifts towards sustainable energy solutions. 

Energetica will keep you updated on all the green energy stocks that could be a good investment in the share market. With shares settled at INR 518.15, today's focus is on REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power.

With the release of its audited financial results for the quarter and year ended March 31, 2024, REC Limited has showcased an impressive performance that has captured the attention of investors. 

The company's financial results speak volumes: revenue from operations surged by a staggering 25 percent, while net profit soared by an impressive 34 percent. Total comprehensive income witnessed a remarkable increase of 42 percent, reflecting REC Limited's strong financial health and growth trajectory. 

Furthermore, the company's commitment to renewable energy is evident in its substantial investments in various segments, including solar, hydro, pumped storage, and green hydrogen. These investments align with India's renewable energy expansion program, which aims to install 500 GW of renewable energy capacity by 2030. 

For investors eyeing the green energy market, REC Limited could be worth keeping an eye on.