RENEWABLE ENERGY CORPORATION
Govt issues guidelines for implementing feeder-level solarisation under PM-KUSUM scheme
In February 2019, the government had approved the launch of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme to provide financial and water security to farmers through harnessing solar energy capacities of 25.75 gigawatt (GW) by 2022.
Tamil Nadu government puts eligibility criteria for payment of pending power dues
Tamil Nadu, the biggest defaulter in power bills payments, ...
PFC, REC to provide Rs 8,520 cr loan to SJVN's power project in Bihar
STPL is a wholly-owned subsidiary of SJVN and executing the project. Th...
Rajasthan to run 200 rural water supply systems on solar power
"The pilot project will reduce the dependence of rural areas. They will be relieved of energy cost for drinking water and worries of power outages. The solarisation of water pumps will also help the government in saving electricity, money and environment," RRECL Chairman Subodh Agarwal said.
Tamil Nadu gives guarantee, budgetary support for Rs 30,230 cr liquidity loans
The state has issued administrative orders for unconditional and irrevocable government guarantee and commitment letters from finance department for financial assistance of Rs 30,230 crore for loan proposed to be availed from PFC and REC Ltd, sources said.
Rs 1.08 lakh crore worth loans sanctioned under discom liquidity package
"Till date, REC and PFC (Power Finance Corporation) have sanctioned Rs 1.08 lakh crore and released nearly Rs 30,000 crore to discoms under the scheme," REC said in a statement.
PFC offers funding facility to discoms for timely payments of outstanding dues
The outstanding dues of discoms as of August stood at Rs 1.32 lakh crore compared to nearly Rs 97,000 crore in the same month last year, as per PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators) portal.
REC sets Rs 35,000 crore revenue target for 2020-21
During the first quarter of 2020-21, REC has achieved an all-time high profit of Rs 1,839 crore. Revenue from operations for the quarter was Rs 8,421 crore, which is indicative of the achievement of set targets by year-end.
PFC dismisses speculations over FPO in near future
The company said, "There have been rumours circulating in the market on the launch of FPO by the PFC. In this regard, it is clarified that the PFC is not planning to launch any such FPO in the near future".
Trending stocks: REC shares slip 2%
Shares of REC Ltd. traded 1.9 per cent down in trade at 11:54AM on Monday.
20 CPSEs, units in pipeline for strategic sale: MoS for Finance Anurag Singh Thakur
The CPSEs which are under consideration for closure/ under litigation are Hindustan Fluorocarbon Ltd (HFL), Scooters India, Bharat Pumps & Compressors Ltd, Hindustan Prefab, Hindustan Newsprint, and Karnataka Antibiotics & Pharmaceuticals Ltd.
REC seeks shareholders' nod to raise borrowing limit to Rs 4.5 lakh crore
The company has also proposed to pass a special resolution for raising funds through private placement of unsecured/ secured non-convertible bonds /debentures of up to Rs 85,000 crore in one or more tranches.
NTPC, REC to bid for discoms in Union Territories, according to sources
The Union power ministry has suggested to the two companies that they should participate in the upcoming bidding for privatisation of distribution companies in UTs, they said.
Market Movers: Max Healthcare shines on debut; power stocks gain; 35 stocks blink ‘sell’
Here is a lowdown of what happened in Friday’s trade.
Stock market update: Nifty Financial Services index up; Power Finance Corp climbs 3%
The index was trading 0.68 per cent up at 11070.05.