Telangana SPVs pay critical dues, avoid NPA tagThe two companies' total dues to REC from these SPVs were at Rs 1,393.6 crore at the end of March 2025. In a letter to principal secretary ...
PFC, REC shares up 3% after UBS initiates coverage on the 2 PSU stocksShares of state-owned PFC and REC rose by 2% and 3% as UBS initiated coverage on them. UBS sees potential growth driven by financing renewa...
REC Ltd looking at financing overseas projects, submitted application for subsidiary at GIFT CityREC Limited, a 'Maharatna' company under the Ministry of Power, has applied to open a subsidiary in Gujarat's GIFT City to begin financing ...
Why indexation benefit removal will aid PFC & REC stocks? Nikhil Nigania explainsNikhil Nigania of Bernstein explained how PFC and REC benefit from special 54EC bonds issued to save capital gains tax on real estate sales...
PFC, REC shares surge up to over 5% after Bernstein initiates coverageHDFC Bank shares surged 3% to a fresh high on an MSCI boost, targeting Rs 1,900. PFC and REC sustain above significant exponential moving a...
REC shares zoom nearly 9% to fresh 52-week high post Q4 results; announces dividendREC Ltd surged 8.5% to Rs 550.50, hitting a 52-week high, following a 33% YoY rise in net profit to Rs 4,079 crore for the quarter ending M...
Around Rs 1 lakh crore of business will be there from solar rooftops: Pradip Kumar Das, IREDAThe IREDA CMD says: “Having around 79-80% of the loan book in the private sector and that too continuously enhancing in that space as well ...
By 2030, for adding renewable energy, Rs 12 lakh crore will be needed from the NBFC space: IREDA chief"Till 2030, we envisage another 320 gigawatt of capacity addition in the renewable itself will be there. This will require around Rs 30-32 ...
Lending to renewables will go up tenfold: RECREC Ltd, a state-run infrastructure finance firm, achieved a record quarterly net profit in the September quarter. REC's Chairman and Manag...
REC Q2 Results: Net profit climbs 39% YoY to Rs 3,790 cr; dividend declared at Rs 3.50/shareThe board also approved the second interim dividend of Rs 3.50 per equity share of Rs 10 each for 2023-24. The record date for the interim ...
PFC Projects likely to rope in investor partners for stressed power projectsPFC Projects Ltd, an equal joint venture of Power Finance Corporation and REC Ltd, is likely to rope in technical or strategic investor par...
Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting co: NCLATIn a far-reaching judgement, the appellate tribunal said that corporate guarantors are also financial debtors.
How high dividend yield can be a trapThe Street is concerned about weak loan demand from public sector power companies.
Stock pick of the week: Why analysts are bullish on Rural Electrification CorporationGovernment’s focus on rural electrification, higher margins compared to peers, improving asset quality and the recent price correction has ...
Margins have seen a decline but NIMs continue to remain above 4%: PV Ramesh, CMD of REC"We are working towards realising the the goal of the government of providing assured, affordable and quality power for all in the shortest...
REC looks to finance manufacturing, coal block developmentRural Electrification Corp chairman PV Ramesh said the company is even considering changing its name to suit its diversification plans.
RBI tightens norms for NBFCs; here’s how it impacts different stocksBig firms would face higher capital norms and tighter provisions. NBFC accepting funds from the public will have to get rated by March 31, ...