BAR Vs VID | Match 40 Oct 15, 2019
VID 79/2 (23.0)
Latest News on Rec
Showing of 0 - 10 from 49 results
Rec - Total results - 49
Jun 12, 2019
Power Finance Corp raises $1 bn from global market through issuance of bonds; shares decline by over 1%This was PFC's first issuance in the international market after acquiring the government's shareholding in REC, the company said in a BSE filing.
May 27, 2019
Power gencos outstanding dues on discoms jumps 63% to nearly Rs 39,000 cr in March; sector's stress mountsAccording to PRAAPTI portal, distribution companies owed a total of Rs 23,699 crore to power generation companies in March 2018.
Mar 28, 2019
PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscalPFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.
Mar 26, 2019
PFC to pay entire Rs 14,500 cr to government on Thursday for acquiring 52.63% stake in RECState-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of Rs 14,500 crore to the government for acquiring 52.63 percent stake in REC, a source said
Mar 22, 2019
State-owned REC pays Rs 1,143 cr interim dividend for FY19 to govtState-owned REC Ltd on Friday said it has paid Rs 1,143.34 crore as interim dividend for 2018-19 to the power ministry
Feb 18, 2019
ArcelorMittal offers Rs 4,800 cr for stressed Essar Mahan power project, lenders to soon decide on proposalIn October last year, Essar Group commissioned both units of the Essar Mahan power plant.
Jan 21, 2019
Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting firm: NCLATNCLAT's direction came earlier this month over a batch of petitions filed against an order of the NCLT Kolkata bench, where it has allowed the insolvency plea filed by the state-owned REC against Ferro Alloys Corporation.
Dec 27, 2018
PFC allays investor concerns over govt stake buyout in REC, says acquisition deal size yet to be finalisedOn 20 December, the PFC's board gave in-principle approval to the acquisition of the REC, it said.
Aug 29, 2018
Climate change: Why green bond financing is a good bet to raise resources to save natureIndia’s green bond market is currently pegged at about $3 billion, apportioning majority of the proceeds to renewable energy projects (contributing directly towards achieving India’s NDCs)
Jun 22, 2018
RBI to FinMin: 12 February circular gives enough space for resolution of bad loans in power sectorRBI made its stand clear at a stakeholders' meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court.