The power sector companies and the power financiers are under stress. Big banks are worried about their exposure to power companies even as large as Tata Power, Adani Power said the Power Minister to CNBC-TV18.
Reacting to this, PV Ramesh, CMD, REC said for the company per se the there was no stress on the loan books and 85 percent of their lending is to the PSU entities and none of those assets are stressed.
The company has the lowest gross NPAs among power financiers, said Ramesh.
Moreover they have made provision for some of the stressed assets, he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
