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About 9 results for "power finance corporation and rural e..."

REC net profit down 30% in Q2FY18
Business Standard

REC net profit down 30% in Q2FY18

State-owned key lender to power sector Rural Electrification Corporation (REC) reported 30 per cent decline in standalone net profit to Rs 1,214.66 crore in the second quarter ended September 30, 2017 owing to lower revenues.The company's standalone net ... Business Standard, 1 month ago

3 images for "power finance corporation and rural electrification corporation"

Money Control, 1 month ago
Money Control, 6 months ago
Money Control, 7 months ago
catchnews.com

Abuse of power: CAG reveals 86% increase in NPAs in govt-owned REC & PFC in 3 years

A Comptroller and Auditor General (CAG) audit of loans to Independent Power Producers (IPPs) by Rural Electrification Corporation Limited (REC) and Power Finance Corporation Limited (PFC) has revealed 86% increase in Non-Performing Assets (NPAs) between ...
 catchnews.com1 month ago

Andhra: REC agrees to reduce interest rate on loan by 2%

[India], October 6 (ANI): The Rural Electrification Corporation (REC) of India has agreed to reduce the interest rate on loans to be given to Andhra Pradesh by 2 per cent. The chief secretary of the state thanked the REC for the help that would benefit ...
 Sify2 months ago

Saubhagya to electrify India

FC Bureau City: New Delhi The Rs 16,320 crore scheme will provide power connections to over 40m families by December 2018 Prime minister Narendra Modi on Monday launched an Rs 16,320-crore scheme – Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) – ...
 The Financial Chronicle2 months ago

Grateful to government for trusting REC as nodal agency for Saubhagya scheme: REC

The Government of India aims at β€˜24/7 Power For All’ by 2019. Prime Minister Narendra Modi announces #39;Power For All#39; 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 ...
 Money Control2 months ago
DNA

PM Modi's big push for 2019: 'Electricity for all' Saubhagya scheme- All you need to know

PM Narendra Modi on Monday launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana 'Saubhagya'. The ambitious scheme as the name suggests plans to give electricity to all the households in India by December 2018. The scheme if properly implemented can be a ...
 DNA2 months ago
Rediff.com

2017-18 divestment proceeds may exceed Rs 72,500 crore

For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore. Illustration: Dominic Xavier/Rediff.com In the backdrop of expected tax revenue shortfall due to the Goods and Services Tax (GST) implementation and a possible spending stimulus to revive a flagging economy and create jobs, Finance Minister Arun Jaitley will depend on revenue heads like divestment to adhere to the fiscal deficit target ...
 Rediff.com1 month ago

Cash in on stocks

Riding on the tailwinds of strong IIP numbers, the Nifty on Friday flew to a record close at 10,167 and the Sensex hit an over two-month high as investors threw caution to the winds and went ahead with more buying. The 50-share NSE index sprinted to 10,167.45 ...
 The Financial Chronicle2 months ago
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