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POWER PSU REC LTD
PFC-REC merger: Which stock should you buy before the mega deal creates Rs 11 lakh cr power financing giantPower Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 ...
Banks, power finance and infrastructure to lead next leg of market rally: Pankaj PandeyIndia's banking sector is poised for a rally, fueled by robust credit growth, easing deposit pressures, and stable asset quality, according...
PFC-REC merger approved! Here's what will happen to your existing shares after mega mergerPFC and REC boards approved their merger scheme with a share-swap ratio of 88 PFC shares for every 100 REC shares. The merger aims to creat...
No runaway rally likely; markets to trade in broad range: Sameer DalalEquity markets face near-term unevenness due to global optimism tempered by domestic uncertainties like elevated crude prices and monsoon r...
RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts sayPFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the tr...
PFC, REC shares in focus as mega merger process advances. What's next?Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approv...
Power ministry asks PSUs to explore one WFH day a weekThe Power Ministry has suggested that its public sector undertakings explore allowing employees to work from home. This move could permit u...
Stocks in news: Airtel, Tata Motors, Dr Reddy's, NTPC, Dixon TechnologiesMarkets faced selling pressure on Tuesday due to weak global cues and macroeconomic concerns, with the Nifty approaching support at 23,150....
Buy the dip, but avoid IT, back pharma & power, says Rudramurthy BVIndian markets are experiencing a healthy correction, according to Vachana Investments' MD, CA Rudramurthy BV. He advises waiting for speci...
D-Street investors add bearish bets on PFC and REC, rush to defensivesTraders have turned bearish on Power Finance Corp and REC, with both stocks experiencing declines amid a broader market correction. Analyst...
REC partners with Punjab National Bank to finance projects in logistics, power, infra sectors"REC Limited signed an MoU with Punjab National Bank (PNB) on Tuesday to jointly explore the possibility to fund the Power Sector and Infra...
REC signs MoU with PFC committing stronger revenue in FY24 and FY25The Mou was signed on Friday between Dewangan and Parminder Chopra, CMD of Power Finance Corporation (PFC) in presence of other senior offi...
Will Power Grid benefit if it acquires PFC's stake in REC?Power Grid is entering into a cash-rich mature asset ownership stage, with limited growth potential in the conventional transmission space....
Stringent financing norms to hit PSU power companies: BanksInability to access bank funds could adversely impact these power utilities already facing high electricity demand.
PFC, REC may buy Government's share in NHPCDue to volatile market conditions, the government has been able to sell stake only in PSUs like IOC, PFC, REC and Dredging Corp.
REC disburses Rs 16,070 crore to Telangana Power PlantREC CMD Rajeev Sharma handed over the cheque to Telangana Chief Minister K Chandrasekhar Rao yesterday, the Ministry said in a release.
After coal reforms, PFC and REC numbers warrant a relook: Dighant HariaThese stocks will see better earnings ahead and the valuations are extremely cheap at 1.1 time FY15 book. That definitely warrants a relook...
Power stocks like Power Grid and REC would give good upside: Avinnash GorakssakarStocks like Power Grid and REC at the current levels would definitely give good upside with a medium to longer term perspective, he said.
- Bailout package for power discoms to benefit PFC, REC: Santosh Singh, Esprito Santos Securities
So in the short term, from a sentimental perspective, it is positive. But from a longer term, it will depend more on what reforms the SEBs ...