Page 7 - Rec
REC posts 66% jump in net profit at Rs 2,197 cr in September quarter
Its consolidated net profit had stood at Rs 1,322.47 crore in the corresponding quarter of the previous financial year, according to a BSE filing
 "REC posts 66% jump in net profit at Rs 2,197 cr in September quarter")
Renewable, T&D assets dominate PFC & REC loan books as thermal loses steam
Stress in conventional power generation space and no new private investment in the sector see the two lenders gradually shift to newer areas
 "Renewable, T&D assets dominate PFC & REC loan books as thermal loses steam")
REC seeks shareholders' nod to raise borrowing limit to Rs 4.5 trillion
"The consent of the Members is sought for increasing the borrowing limit from Rs 3.5 trillion to Rs 4.5 trillion to cover the further requirement of borrowings," as per the AGM notice
 "REC seeks shareholders' nod to raise borrowing limit to Rs 4.5 trillion")
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
 "Rs 90,000 cr discom package: Street anxious over impact on PFC and REC")
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
 "REC raises $500 mn via unsecured notes to lend to power sector companies")
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
 "NHPC gets debt commitment of Rs 4,500 cr from PFC, REC for Teesta project")
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
 "Earnings rebound seen for PFC, REC by 2020-21 on 50-60% NPA provision")
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
 "Lower credit cost to support REC's earnings; NIM to decline 49 bps in FY19")
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
 "REC to seek shareholder nod on September 21 for raising Rs 50,000 crore")
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.
 "Rural Electrification Corporation gains on bonus issue plan")
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
 "Green certificates sales up 68% at 6.76 lakh in February")