Page 7 - Rec

Rs 90,000 cr discom package: Street anxious over impact on PFC and REC

While state government guarantee offers comfort, operational inefficiency may continue to impact debt servicing ability of electricity distributors, say experts; the two stocks are down 10-13 per cent

REC raises $500 mn via unsecured notes to lend to power sector companies

The settlement date for the notes is expected to be December 12, 2019

NHPC gets debt commitment of Rs 4,500 cr from PFC, REC for Teesta project

The project will be implemented at an estimated project cost of Rs 5,748 crore which includes the bid amount

Earnings rebound seen for PFC, REC by 2020-21 on 50-60% NPA provision

Though analysts have turned positive, stocks remain prone to asset quality shocks

Lower credit cost to support REC's earnings; NIM to decline 49 bps in FY19

Margins may remain under pressure; liquidity, availability of funds not major concerns

REC to be premier power sector financing and development enterprise by 2020

REC has reported a 28 per cent increase in its profit after tax

REC's Q3 net at Rs 1,754 cr

Total income marginally fell to Rs 5,958 cr

REC to seek shareholder nod on September 21 for raising Rs 50,000 crore

Shares of the company closed at Rs 230.45, down 0.50 per cent on the BSE on Friday

Rural Electrification Corporation gains on bonus issue plan

The stock was up 3.9% at Rs 232 on the BSE, as compared to 0.14% decline in the S&P BSE Sensex at 10:11 am.

Green certificates sales up 68% at 6.76 lakh in February

Power distribution companies as well as open access and captive consumers are under obligation to buy RECs