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  • Power plants are not suffering because of bad operations: Expert Mar 27, 2018 11:33 AM IST

    Power plants are not suffering because of bad operations: Expert

    The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC). This SPV will operate stressed assets in the thermal power space.

  • Central government to create SPV to operate stressed assets in thermal power space Mar 27, 2018 08:00 AM IST

    Central government to create SPV to operate stressed assets in thermal power space

    The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).

  • Will be commissioning new plant by 2021-2022: NLC India Jan 02, 2018 11:06 AM IST

    Will be commissioning new plant by 2021-2022: NLC India

    The NLC India stock will be in focus as a Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and State Bank of India (SBI) consortium will lend about Rs 11,000 crores to the company's power plant in Uttar Pradesh (UP). In an interview with CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the latest happenings in his company and sector.

  • Looking to raise funds at competitive rates in domestic & overseas markets: REC Dec 14, 2017 10:58 AM IST

    Looking to raise funds at competitive rates in domestic & overseas markets: REC

    Bond yields have moved up by 53 basis points so far in Q3 of FY18. This hardening of bond yields is likely to impact the cost of funds for non banking financial companies (NBFCs). In an interview to CNBC-TV18, PV Ramesh, CMD of Rural Electrification Corporation (REC) spoke at length about the same.

  • Grateful to government for trusting REC as nodal agency for Saubhagya scheme: REC Sep 26, 2017 11:17 AM IST

    Grateful to government for trusting REC as nodal agency for Saubhagya scheme: REC

    The Government of India aims at ‘24/7 Power For All’ by 2019. Prime Minister Narendra Modi announces 'Power For All' scheme and the government plans to invest Rs 16,320 crore in the scheme. In an interview to CNBC-TV18, PV Ramesh, CMD of Rural Electrification Corporation (REC) spoke about the latest happenings in his company and sector.

  • Company has lowest NPAs amongst all financing companies, says REC Aug 21, 2017 12:20 PM IST

    Company has lowest NPAs amongst all financing companies, says REC

    The Comptroller and Auditor General (CAG) earlier this month pulled up REC and PFC for failing to comply with RBI norms on loans to power companies, says due diligence was not conducted during credit appraisal. In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about this and more importantly the future growth issues.

  • Funds raised via Green Bond Issue to be used for renewable energy projects only: REC Jul 04, 2017 09:50 AM IST

    Funds raised via Green Bond Issue to be used for renewable energy projects only: REC

    Intend to grow their loan book at 20-25% every year, said PV Ramesh, CMD, REC.

  • Will support if govt decides to consolidate infra financiers, says REC Jun 12, 2017 10:51 AM IST

    Will support if govt decides to consolidate infra financiers, says REC

    In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about the latest happenings in the company and in the sector.

  • Power sector seeing major transformation; renewables space looks interesting: REC Apr 12, 2017 11:35 AM IST

    Power sector seeing major transformation; renewables space looks interesting: REC

    The company has lowest stress in the power financing sector compared to its peers, said PV Ramesh, CMD, REC.

  • Post UDAY saw uptick in demand for power, issues of discoms being addressed: REC Mar 29, 2017 11:35 AM IST

    Post UDAY saw uptick in demand for power, issues of discoms being addressed: REC

    "Ujwal DISCOM Assurance Yojana (UDAY) is addressing all the issues relating to the distribution companies (DISCOMs) and the distribution. REC has been playing a major role there", PV Ramesh, Chairman and Managing Director at Rural Electrification Corporation (REC) told CNBC-TV18.

  • REC to give Rs 39000 cr in loans to KPCL, BESCOM in next 5 years Mar 07, 2017 11:25 AM IST

    REC to give Rs 39000 cr in loans to KPCL, BESCOM in next 5 years

    REC has inked a pact with Karnataka Power Corp (KPCL) and Bangalore Electricity Supply Company (BESCOM) to extend Rs 39,121 crore financial assistance to the power companies for the next 5 years.

  • Sector seeing investments, eyeing 1500MW orders: Inox Wind Jul 13, 2015 11:19 AM IST

    Sector seeing investments, eyeing 1500MW orders: Inox Wind

    Devansh Jain, Director, Inox Wind speaks about the wind energy business in India. The company expects incremental orders worth 1,000-1,500 MW in the coming days. As of March 2015, it had an order book of 1400 MW.

  • Corporate fund raising from mkt to continue: Prime Database Jun 15, 2015 03:23 PM IST

    Corporate fund raising from mkt to continue: Prime Database

    The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.

  • No sell-off in Coal India for next 6 mnths: Divestment Secy Apr 13, 2015 10:21 AM IST

    No sell-off in Coal India for next 6 mnths: Divestment Secy

    Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, Johri said

  • Power cost to rise by 25p/unit on coal pass-through: Altius Jun 25, 2013 02:11 PM IST

    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 Nov 30, 2012 03:15 PM IST

    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 Jun 06, 2012 12:05 PM IST

    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 Mar 26, 2012 03:50 PM IST

    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 Feb 21, 2012 02:19 PM IST

    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 Jan 13, 2012 02:43 PM IST

    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 Dec 27, 2011 11:52 AM IST

    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 Dec 15, 2011 03:43 PM IST

    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 Nov 29, 2011 01:47 PM IST

    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 Nov 08, 2011 03:01 PM IST

    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 Sep 06, 2011 03:08 PM IST

    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.

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