Power cost to rise by 25p/unit on coal pass-through: Altius

Power tariffs are seen rising by 20-25 paise per unit as CCEA has now allowed power companies to pass on higher imported coal cost, the move is also seen as positive REC and PFC, says HD Khunteta, Former Dir-Finance, REC and Chairman, Altius Finserv.

REC likely to raise Rs 4500 cr from tax free bonds

Rural Electrification Corporation (REC) is issuing public tax free bonds, the first of its kind in the country. Rajeev Sharma, CMD, REC shares details with CNBC-TV18 post its first public issue this year.

Expect bottom line to grow 15-20% in FY13: REC

State run power company Rural Electrification Corporation has received finance ministry‘s nod to garner USD 1 billion through optionally convertible foreign currency convertible bonds (FCCBs).

REC looks to raise $1 bn through FCCB, $500 m through ECB

Speaking to CNBC-TV18, HD Khunteta, director of finance at Rural Electrification Corporation says that the company is planning on raising USD 1 billion through FCCB and USD 500 million through the ECB route.

Estimate interest rate for bond issue at 7.95-8.10%: REC

Director finance of Rural Electrification Corpration, HD Khunteta tells CNBC-TV18 that as per current estimates, the interest rate for their tax free bond issue will be around 7.95-8.10%

Cost of money has increased by 150-200 bps says SREI Infra

The company would come out with the second tranche and subsequent issues if it receives good response for the first tranche.

Plan to raise $450m through bonds, syndicate loans: REC

Rural Electrification Corporation tells CNBC-TV18 that it is looking at raising USD 450 million through bond issues and syndicate loans.

Falling Re has REC hedging $250m of total borrowing

As the rupee hits a fresh trough, breaching the 54 mark, NBFC's like Rural Electrification Corporation (REC) are slowly feeling the pinch. REC'+s Director-Finance, HD Khunteta tells CNBC-TV18 that hedging costs have shot up over the last few months.

Revenue inflow of DISCOMs to increase by 20-35%: REC

The announcement by the appellate authority to allow state electricity regulators to fix their own tariff rates will help increase the revenue inflow of state distribution companies, says HD Khunteta, Director Finance, Rural Electrification Corporation (REC).

Expect 15% bottomline growth ahead, says REC

In an interview to CNBC-TV18, HD Khunteta, director finance at Rural Electrification Corporation says, he expects 15% growth in bottom-line going forward.

No issues with loan repayments from SEBs, says REC

As far as loan payment issues regarding State Electricity Boards (SEBs) are concerned, Khunteta said that most SEBs pay back on time, while there are payment delays from boards in north eastern states until they get money from the Central Government.