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Pfc-rec Merger

REC net profit rises 13% in Dec quarter on improved asset quality

The net income of the company stood at Rs 4,350 crore in Q3 FY24 as against Rs 3,573 crore in Q3 FY23, registering a jump of 21 per cent

REC net profit rises 13% in Dec quarter on improved asset quality
Updated On : 23 Jan 2024 | 10:44 PM IST

Top 10 biz headlines: Jet gets another EoI, PFC-REC merger stuck, and more

This is the third EoI that Jet has received in the second round of bidding

Top 10 biz headlines: Jet gets another EoI, PFC-REC merger stuck, and more
Updated On : 19 Feb 2020 | 8:47 AM IST

PFC-REC merger stuck, Centre reaching out to PSUs to pick up stake

One major obstacle is that the direct stake of the Centre will fall below 51% after the merger

PFC-REC merger stuck, Centre reaching out to PSUs to pick up stake
Updated On : 19 Feb 2020 | 1:25 AM IST

PFC, REC merger may leave discoms with higher-than-usual dues on books

The total outstanding dues of the discoms are Rs 26,437 crore, according to the power ministry's portal

PFC, REC merger may leave discoms with higher-than-usual dues on books
Updated On : 13 Mar 2019 | 10:25 PM IST