Stock market closes in a mix; PFC, REC, IREDA suffer loss
At the close, Sensex was 17 points, or 0.02 per cent, higher at 73,895.54, while the Nifty 50 closed 33 points, 0.15 per cent , lower at 22,442.70.
At the close, Sensex was 17 points, or 0.02 per cent, higher at 73,895.54, while the Nifty 50 closed 33 points, 0.15 per cent , lower at 22,442.70.
Maharatna Central Public Sector Enterprise REC Limited will set up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat.
REC has declared a final dividend of Rs 5 per equity share and the total dividend for FY 2023-24 now works out to Rs 16 per equity share.
The bidding process was carried out by REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of public sector finance giant REC Limited.
Public sector Non-Banking Finance Company (NBFC), REC, on Tuesday registered its highest ever nine-month profit of Rs 10,003 crore.
The conference aimed to bring all key stakeholders under one roof and to discuss financing aspects of the sector.
The REC Limited signed a MoU with the Rail Vikas Nigam Limited (RVNL) to finance up to Rs 35,000 crore for execution of its infrastructure projects over the next 5 years.
The Union Power Ministry claimed that the ‘Navratna’ PSU has been got the highest score of 100 for the financial 2021(FY21) for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed for the Central Public Sector Enterprises (CPSEs).
The proceeds of the loan would be deployed for part financing of innovative Solar PV Technology-based generation projects in India at competitive interest rates.
This is for the first time that an Indian Non Banking Finance Company managed SOFR from an International Bank.
