Rural Electrification Corporation

But cumulative dues remain at a high of Rs 1.13 trillion

Only transparent pricing and accounting will help the discoms recover their dues

Bad bank unlikely to take up any power assets in the first list

Under the scheme, govt-owned lenders PFC and REC extended special one time loan to discoms to clear their due to the power generating companies

Its planned incorporation into a larger development finance institution could present challenges for a company with a founding covenant that restricted its scale of operations

Stress in conventional power generation space and no new private investment in the sector see the two lenders gradually shift to newer areas

Initial public offerings experienced their third consecutive annual decline, totalling $2.5 billion in 2019, down 46.2 per cent from last year

Investors should gauge if they meet the promise on loan upgrades before taking new positions

The company's net profit was Rs 1,420.86 crore in the quarter ended June 30, 2016

REC board had, earlier this month, cleared the company's fund raising plans