RECLTD · price
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Awaiting price reaction for this filing.
REC Limited addressed recent media reports suggesting that loans to Kaleshwaram Irrigation Project Corporation Limited (KIPCL) and Telangana Water Resources Infrastructure Development Corporation (TSWRIDC) could turn into NPAs if overdue payments were not cleared. The company clarified that both utilities have cleared their critical overdues, and as of June 30, 2025, there are no critical dues pending from either entity. REC further stated that both loans are secured and backed by State Government Guarantees. The company also confirmed that no loan assets are at risk of turning into fresh NPAs due to outstanding dues.
This is a positive clarification for shareholders, as it removes uncertainty around potential NPA risks flagged in media reports. The strong backing of State Government Guarantees and absence of critical overdue dues should reassure investors about the quality of REC's loan book.