Pfc Rec

NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them

Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.

Bulls ride PSE index to historic peak, half of index stocks on breakouts

Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.

REC, PFC to provide Rs 8,520 crore finance for Buxar thermal power plant

State-owned REC Ltd and Power Finance Corporation have inked a pact to provide Rs 8,520.92 crore finance for setting up a 1,320 MW thermal power plant at Buxar by SJVN Thermal Private Ltd. "REC Limited and Power Finance Corporation Limited (PFC) - Maharatna CPSEs under the ministry of power -- have signed a memorandum of loan agreement with SJVN Thermal Private Ltd (STPL) for financing 2x660 MW coal based Buxar Thermal Power Plant (BTPP)," a company statement said. According to the statement, the total estimated project cost is Rs 12,172.74 crore with debt requirement of Rs 8,520.92 crore. As per the agreement, the debt requirement shall be financed by REC and PFC. The agreement was signed in the presence of R S Dhillon, CMD PFC, N L Sharma, CMD SJVN, Ajoy Choudhury, Director (Finance) REC, and V K Singh, Director (Technical) - REC, and other senior officials. Vivek Kumar Dewangan, CMD REC, said in the statement that this is a great partnership for the development of the power

REC okays subscribing 50% equity in asset management firm PFC Projects

State-owned REC Ltd board has approved a proposal for subscribing 50 per cent equity not exceeding Rs 50 crore in PFC Projects, a power asset management company for taking over stressed assets. As per a BSE filing, PFC Projects is a 50:50 joint venture company with the PFC for taking over stressed/NPA (bad loan) assets in the power sector, subject to requisite approvals. The REC board in a meeting on August 4, 2022, approved a proposal for the subscription of 50 per cent equity shareholding not exceeding Rs 50 crore in PFC Projects Ltd (in the Power Asset Management Company), the filing said. The board also approved the proposal for the sale and transfer of Neemuch Transmission Limited to M/s Power Grid Corporation of India Ltd, the successful bidder selected through a tariff-based competitive bidding process. The board also approved the incorporation of a project-specific special purpose vehicle (SPV), as a wholly-owned subsidiary of REC Power Development & Consultancy Limited ..

Suzlon Energy seeks Rs 4,200-crore bailout from govt-owned PFC, REC

The company had net debt of nearly Rs 6,405 crore as of September last year

Stocks to Watch: HDFC Bank, Brightcom, HFCL, Metro Brands, REC, Airlines

HDFC Bank and HCL Technologies are likely to react to Q3 numbers this morning. While the former reported 18 per cent YoY growth in net, the latter too beat Street expectations.

PFC, REC score over listed PSBs; report faster growth in advances

These two term lenders are more profitable and have reported faster growth in advances than listed PSBs

PFC, REC sanction loans worth Rs 1.18 trn under discom liquidity package

Both the firms have disbursed around Rs 31,100 crore under the package

UP power utilities' losses top Rs 80k cr as govt defers privatising firm

Purvanchal Vidyut Vitran Nigam Limited account for the maximum share of Rs 19,373 crore or almost 25 per cent of the total amount

Renewable, T&D assets dominate PFC & REC loan books as thermal loses steam

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

FM has leveraged banks and PSUs to deliver the goods

The credit angle is interesting for them as the Rs 3 trillion to be disbursed by banks would go as collateral free debt for four years with a 12-month moratorium

PFC continues to fund non-performing coal assets despite mounting NPAs

PFC and REC have lent extensively to coal-fired power projects, with Rs 3.43 trillion, or 54% of their total loan books exposed to thermal power

Covid-19: Under Rs 18,000 cr loss, power discoms looking at a bleak future

The current lockdown period has hit the finances of the discoms with the high-paying industrial and commercial customers are shut for almost a month

Coal power plant capacity falls in India, Paris Agreement goal still far

The decline is attributed to cheaper renewable energy resources and increasing public resistance towards polluting sources

NHPC gets debt commitment of Rs 4,500 cr from PFC, REC for Teesta project

The project will be implemented at an estimated project cost of Rs 5,748 crore which includes the bid amount

PFC, REC shares hit 52-week lows

Thus far in the calendar year 2018, PFC was down 14% and REC by 13%, as compared to less than 1% fall in the Sensex.