Rec

Power gencos outstanding dues on discoms jumps 63% to nearly Rs 39,000 cr in March; sector's stress mounts

According to PRAAPTI portal, distribution companies owed a total of Rs 23,699 crore to power generation companies in March 2018.

PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscal

PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.

PFC to pay entire Rs 14,500 cr to government on Thursday for acquiring 52.63% stake in REC

State-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

State-owned REC pays Rs 1,143 cr interim dividend for FY19 to govt

State-owned REC Ltd on Friday said it has paid Rs 1,143.34 crore as interim dividend for 2018-19 to the power ministry

ArcelorMittal offers Rs 4,800 cr for stressed Essar Mahan power project, lenders to soon decide on proposal

In October last year, Essar Group commissioned both units of the Essar Mahan power plant.

Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting firm: NCLAT

NCLAT'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.

PFC allays investor concerns over govt stake buyout in REC, says acquisition deal size yet to be finalised

On 20 December, the PFC's board gave in-principle approval to the acquisition of the REC, it said.

Climate change: Why green bond financing is a good bet to raise resources to save nature

India’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)

RBI to FinMin: 12 February circular gives enough space for resolution of bad loans in power sector

RBI 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.

Narendra Modi launches 'Saubhagya' scheme; promises complete electrification of India by December 2018

Prime Minister Narendra Modi on Monday launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana on the occasion of Pandit Deendayal Upadhyay's birth anniversary.