Mar 27, 2018 11:33 AM IST
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.
- Mar 27, 2018 08:00 AM IST
The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).
- Jan 02, 2018 11:06 AM IST
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.
- Dec 14, 2017 10:58 AM IST
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.
- Sep 26, 2017 11:17 AM IST
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.
- Aug 21, 2017 12:20 PM IST
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.
- Jul 04, 2017 09:50 AM IST
Intend to grow their loan book at 20-25% every year, said PV Ramesh, CMD, REC.
- Jun 12, 2017 10:51 AM IST
In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about the latest happenings in the company and in the sector.
- Apr 12, 2017 11:35 AM IST
The company has lowest stress in the power financing sector compared to its peers, said PV Ramesh, CMD, REC.
- Mar 29, 2017 11:35 AM IST
"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.
- Mar 07, 2017 11:25 AM IST
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.
- Jul 13, 2015 11:19 AM IST
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.
- Jun 15, 2015 03:23 PM IST
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.
- Apr 13, 2015 10:21 AM IST
Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, Johri said
- Jun 25, 2013 02:11 PM IST
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.
- Nov 30, 2012 03:15 PM IST
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.
- Jun 06, 2012 12:05 PM IST
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).
- Mar 26, 2012 03:50 PM IST
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.
- Feb 21, 2012 02:19 PM IST
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%
- Jan 13, 2012 02:43 PM IST
The company would come out with the second tranche and subsequent issues if it receives good response for the first tranche.
- Dec 27, 2011 11:52 AM IST
Rural Electrification Corporation tells CNBC-TV18 that it is looking at raising USD 450 million through bond issues and syndicate loans.
- Dec 15, 2011 03:43 PM IST
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.
- Nov 29, 2011 01:47 PM IST
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).
- Nov 08, 2011 03:01 PM IST
In an interview to CNBC-TV18, HD Khunteta, director finance at Rural Electrification Corporation says, he expects 15% growth in bottom-line going forward.
- Sep 06, 2011 03:08 PM IST
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.