Company Overview and News

 
Matchmaking to produce tie ups between microgrid developers, co-ops

15h bworldonline
TECHNOLOGY providers, project developers and investors from Asia, Europe and the US are looking to partner with electric cooperatives in bringing electricity to rural communities by building self-sustaining minigrids.
532955 RECLTD

 
India banks to plan resolving $19 billion power sector debt on Thursday

15h livemint
Mumbai/New Delhi: Lenders to India’s power industry are scheduled to meet on Thursday to discuss ways to resolve ₹1.4 trillion ($19.2 billion) of stressed assets that’s hobbling the sector, people with knowledge of the matter said.
PFC PWQFY 532627 JPPOWER 532955 RECLTD 532810 SBAZ

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An evening walk down Dalal Street | Bears have it their way! Sensex tanks 500 points, Nifty gives up 11,400 amid weak rupee

2018-09-17 moneycontrol
A sea of red took over D-Street on Monday as selloff in majority of sectors ensured that complete control was handed over to the bears. The Nifty managed to give up 11,400, while the Sensex tanked over 500 points lower.
BAJAJHIND DB 532707 532955 BAJFINANCE DYNPRO BJJQY 500570 RECLTD 500032 TATAMOTORS 500034 TTM

 
REC rises 2%; Deutsche Bank maintains buy with target of Rs 155

2018-09-17 moneycontrol
Share price of Rural Electrification Corporation (REC) rose 2.7 percent intraday Monday after foreign research house Deutsche Bank has maintained buy rating on stock with a target of Rs 155 per share.
DB 532955 RECLTD

2
Indian firms, facing dollar squeeze, turn to Samurai loans

2018-09-11 livemint
Mumbai: Indian companies lured by Japan’s near-record low interest rates and easier availability of funds are raising the most yen-denominated loans in more than a decade as dollar lenders turn cautious. While Samurai loans still make up only a small portion of Indian firms’ total foreign-currency facilities, coming to more than 6% this year, they are growing in importance for borrowers. Power Grid Corp.
8306 MUFG 532955 RECLTD MBFJF MTU

 
RBI refuses to relax norms for ARC to warehouse stressed power projects

2018-09-07 moneycontrol
The Reserve Bank has turned down the Power Ministry's request to give certain concessions for setting up of an Asset Reconstruction Company (ARC) for warehousing stressed assets to prevent distress sale of these plants, a senior official said Thursday.
532955 RECLTD

 
Power Minister asks lenders to go for sustainable resolution of stressed assets

2018-09-05 moneycontrol
Union Minister R K Singh asked lenders of stressed power assets, including state-run Rural Electrification Corporation (REC), to ensure sustainability of electricity projects while addressing the bad loan issue in the sector.
532955 RECLTD

 
As power sector resolution reaches endgame, lenders in investor focus

2018-08-31 livemint
The Allahabad high court’s decision to deny relief to power companies facing debt servicing problems may have stoked fears of a fresh bout of write-offs for the banking sector. But the decision has triggered a rally in the shares of Power Finance Corp. Ltd (PFC), Rural Electrification Corp. Ltd (REC) and PTC India Financial Services Ltd. The stocks gained 6-8% over the last four days.
PFC PFS PWQFY 532955 RECLTD 532810 533344

 
₹1,000 crore subsidy likely for EV charging infrastructure

2018-08-31 livemint
New Delhi: The Union government plans to provide ₹1,000 crore as subsidy for building a nationwide charging infrastructure for electric vehicles as it seeks to expedite the roll-out of India’s ambitious EV programme, said two people aware of the development on condition of anonymity.
PFC PWQFY 532955 RECLTD 532810 NTPZY

 
JSW Steel hits record high; to replace Lupin in Nifty50

2018-08-29 thehindubusinessline
Shares of JSW Steel Ltd jumped as much as 3.66 per cent to a record high of Rs 379.60.
PWQFY 500228 532955 532810 JSWSTEEL PFC 500480 CMQMY PNJZY 532461 CUMMINSIND PNB RECLTD

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JSW Steel hits 52-week high, Lupin falls 2% after NSE announces rejig of Nifty

2018-08-29 moneycontrol
Shares of Lupin down 2 percent, while JSW Steel touched 52-week high of Rs 379.50, rising more than 3 percent after National Stock Exchange (NSE) announced fresh Nifty rejig effective from September 28.
PWQFY KESORAMIND 500228 BHUSANSTL 533096 532418 532955 MARKSANS 533155 532810 JUBLFOOD ABAN CMQMY 532461 ENGINERSIN JBLWY 532480 CUMMINSIND 500055 502937 524404 ALNSE ALBK JSWSTEEL 532401 VIJAYABANK BRK.A PFC 532178 500480 PNJZY PNB 534809 ADANIPOWER PCJEWELLER RECLTD 523204 KRIDF ANDHRABANK

3
Jubilant Foodworks cuts gains after good opening due to Nifty Midcap inclusion; UBS hikes target price

2018-08-29 moneycontrol
Shares of Jubilant Foodworks, the operator of Domino's Pizza in India, fell before rising one-third of a percent as traders cheered inclusion of the stock in Nifty Midcap index.
PWQFY ALNSE 533096 533155 532955 532810 JUBLFOOD BRK.A PFC 532178 500480 CMQMY PNJZY 532461 ENGINERSIN JBLWY CUMMINSIND 534809 PNB ADANIPOWER PCJEWELLER RECLTD

 
REC inks pact with German bank for 200 mn euro loan

2018-08-14 moneycontrol
State run Rural Electrification Corporation today said it has inked a loan agreement with German bank KfW for EUR 200 million facility that would be used to finance clean energy projects in India.
532955 RECLTD

 
Rural Electrification Corporation inks pact with German bank for 200 million euro loan

2018-08-14 economictimes.indiatimes
Copyright © 2018 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
532955 RECLTD

 
Reserve Bank for REC-promoted ARC for power sector stressed assets

2018-08-13 moneycontrol
The Reserve Bank has backed the idea of state-owned Rural Electrification Corporation's proposal to form an asset reconstruction company (ARC) dedicated to take over stressed assets in the power sector. Sources said the RBI in its representations to a panel headed by Financial Services Secretary Rajiv Kumar had said that it is open to proposal of REC setting up an ARC.
532955 RECLTD

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