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REC LOAN SANCTIONS
CLSA terms REC 'high conviction outperform'The brokerage, however, reduced the target price to ₹525 from ₹590 as REC is expected to see mid-teen growth instead of the 20% forecast ea...- CLSA upgrades REC, PFC ratings to ‘High perform’ stating strong loan growth, ROE, dividend yieldCLSA has upgraded Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) to 'High Perform' due to robust loan growth, ...
- REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewablesREC Ltd sanctioned Rs 1,12,747 crore in loans during April-June FY25, reflecting a 24.17% growth from the previous year. The company's focu...
- REC loan sanctions grow 24 pc to Rs 1.12 lakh crore in Q1; Rs 40k cr for renewablesLoan disbursements rose 27.89 per cent to Rs 43,652 crore in the period under review. During June quarter FY25, Rs 39,655 crore was sanctio...
- REC sanctions record Rs 3.59 lakh crore loan in FY24REC sanctioned record Rs 3.59 lakh crore loans in 2023-24, focusing on renewable energy. Its loan book reached Rs 5.09 lakh crore by March ...
- REC sanctions Rs 6,075 crore loan to Greenko, Rs 3,081 crore debt to Serentica RenewablesThe REC is on a trajectory to achieve a green finance loan book of Rs 3 lakh Crore by the fiscal year 2030, a statement 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...
- Tamil Nadu seeks Rs 31,000 cr under Atmanirbhar Bharat to pay power billsThe state ranks lowest in the country's discoms ratings and is among the large defaulting power consumers. It hasn't raised its tariffs in ...
- Uttar Pradesh seeks Rs 20,940 crore loan to clear power billsThis is the largest loan application made so far by any state distribution company under the scheme. Tamil Nadu has asked the Centre to rel...
- Here’s all you need to know about REC’s financing scheme for renewable energy projectsWith its focus on promoting renewable energy projects through its business activities, REC provides financial assistance for setting up pow...
- Rural Electrification Corporation inks pact with German bank for 200 million euro loanState-run Rural Electrification Corporation today said it has inked a loan agreement with German bank KfW for EUR 200 million facility that...
- REC to provide Rs 14K cr loan for 2,400 MW Patratu power plantThe project cost of Rs 18,668 crore is funded in debt: equity ratio of 75:25 and Rs 14,000 crore (entire debt component of project) is sanc...
- Flouting norms led to higher bad loans of REC, PFC: CAGThe REC and the PFC disbursed loans of Rs 47,706.88 crore to independent power producers (IPPs) during 2013-14 and 2015 -16, which were aud...
- PFC, REC will drop interest rates to double lending in three yearsIn a three-hour long review meeting with Piyush Goyal, the two companies on last Thursday were asked to grow their businesses by 100 per ce...
- Cheaper, easier loans for green energy projectsPower sector financiers Rural Electrification Corp (REC) and Power Finance Corp (PFC) have shifted focus to renewable projects and are offe...
- REC signs $250 mn loan agreement with SBI Hong Kong"REC signed ECB (external commercial borrowing) agreement for $250 mn at Hong Kong with SBI," an official statement said.
- REC to sanction Rs 54,600 crore loans in 2012-13REC would sanction loans worth Rs 54,600 crore during 2012-13 fiscal, around nine cent more than its target for the current fiscal.
- REC posts 48.58 per cent jump in net profit at Rs 474 crore in Q3State-run Rural Electrification Corporation today posted a 48.58 per cent jump in net profit at Rs 474 crore for the quarter ended December...
- Buy Rural Electrification Corp: Motilal OswalThe power sector is expected to see generation capacity addition of 120 GW during FY08-12 , including 80 GW targeted during Eleventh Five-Y...
- HPGCL makes loan arrangements for power plant in HisarThe agencies that offered financial assistance include Rural Electrification Corporation of India Ltd (REC), Power Finance Corporation Ltd ...
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