Rural Electrification Corp

Granules, GCPL, RECL among 4 F&O stocks with bearish bets; more pain likely

F&O Cues: Granules India has shed 20.8% on the back of 78% increase in OI in the last four days; here's a trading guide for stocks with short buildup in the September series.

REC, PFC rally up to 4%, at new high in weak market; zoom over 200% in 1 yr

CRISIL Ratings believes REC will continue to benefit from government support, given its strategic role in the implementation of the government's power sector initiatives.

REC plans to raise up to Rs 6,000 crore through two bonds on Friday

The company has invited bids for the same on Friday. The NCDs have been given the highest credit rating of 'AAA' with a 'Stable' outlook by ICRA, and CRISIL

REC receives RBI approval to set up subsidiary in Gujarat's GIFT City

State-owned REC Ltd on Sunday said it has received RBI's approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a No Objection Certificate' (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat. The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, it stated. Vivek Kumar Dewangan, CMD, REC Ltd said in the statement, The GIFT City platform offers a conducive environment for international lending activities coupled with world-class infrastructure. We are confident that REC will harness

Power related stocks in demand; NTPC, PFC, REC, Tata Power rally up to 9%

The power sector in India, is on course for a long period of high growth and transformation which is visible in the increasing deployment of clean renewables.

REC soars 46% in 1 month; enters top-100 most valued firms by m-cap chart

With Government of India, setting and pursuing the target of achieving 500 GW of renewable energy capacity by 2030, energy transition is expected to drive significant investment in the power sector.

State-owned NBFCs looking to tap into India's first sovereign green bonds

The finance ministry is yet to confirm their participation and draw broad contours of the bond issuance

Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk

Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"

REC board okays Rs 85,000 cr borrowing plan for 2022-23

According to the filing, the company has planned to raise Rs 75,000 through issuance of bonds , term loans and external commercial borrowings

Govt to set up National Recruitment Agency to hold common govt job exam

Three airports of Jaipur, Thiruvanthapuram and Guwahati to be leased out for development, operation and maintenance under PPP for 50 years

Cabinet okays Power Finance Corp's takeover of Rural Electrification Corp

The Centre's stake in PFC is valued at nearly Rs 160 billion, while its stake in REC is valued at Rs 120 billion