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Want to be a one-stop debt solution for renewable energy: REC chairman
'We are targeting a tenfold increase in our renewable energy portfolio to Rs 3 trillion by 2030'
Discoms' dues to gencos down by Rs 24,000 crore on back of loan scheme
But cumulative dues remain at a high of Rs 1.13 trillion
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 kicks off discom package with Rs 2,500 crore to Maharashtra
REC has sanctioned another Rs 3,300 crore for Andhra Pradesh, Rs 2,000 crore for Punjab and Rs 2,032 crore for Rajasthan.
Centre looks to EPFO, LIC, PSBs to raise funds through power bonds
PFC, REC will first issue bonds based on initial demand from states
REC says over 10% lending this financial year will be in renewables
Company also plans for customised products, green fund raising options
REC, MRF, Bajaj Finance, DCB Bank among 29 stocks hitting record highs
Escorts, Bajaj Finserv, Havells India and Petronet LNG are among 29 stocks hit record highs.
