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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.
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The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).
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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.
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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.
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In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about the results and his outlook for the company.
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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.
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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.
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Intend to grow their loan book at 20-25% every year, said PV Ramesh, CMD, REC.
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In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about the latest happenings in the company and in the sector.
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The company has lowest stress in the power financing sector compared to its peers, said PV Ramesh, CMD, REC.
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"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.
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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.
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REC‘s restructured book has had no new loan additions during the quarter says Ajeet Kumar Agarwal, Director-Finance of REC while sharing details on the second quarter results with CNBC-TV18.
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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.
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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.
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Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, Johri said
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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.
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"NIMs are very much sustainable, because we are growing at the rate of more than 30 percent. Our NIMs this quarter was 5.01 percent," said Rajeev Sharma, CMD, REC in an interview to CNBC-TV18.
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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.
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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).
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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.
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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%
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Rural Electrification Corporation (REC) has reduced its guidance for full year growth in disbursements from 25% to 16%.
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The company would come out with the second tranche and subsequent issues if it receives good response for the first tranche.
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Rural Electrification Corporation tells CNBC-TV18 that it is looking at raising USD 450 million through bond issues and syndicate loans.
