REC
REC approves seven SPVs for power transmission projects
- Apr 15, 2020
The Board of Directors of REC Ltd in its meeting held on March 25, 2020 inter-alia approved the proposal for incorporation of seven project specific special purpose vehicles (SPVs). These SPVs will be incorporated as wholly-owned subsidiaries of REC Read more
Share of power T&D inches up in PFC’s loan book
- May 29, 2019
The share of power transmission and distribution (T&D) projects in the overall loan book of Power Finance Corporation Ltd (PFC) has risen to 28 per cent as of March 31, 2019 from 24 per cent as of March Read more
REC acquisition will boost PFC’s power T&D portfolio
- Feb 18, 2019
The acquisition of Rural Electrification Corporation (REC) by Power Finance Corporation (PFC) will boost the latter’s power T&D portfolio, according to Rajeev Sharma, CMD, Power Finance Corporation Ltd. Sharma was addressing a media conference in Mumbai on the Read more
REC transfers Jawaharpur shell company to PGCIL
- Dec 24, 2018
The entire shareholding of REC Transmission Projects Co Ltd (a wholly-owned subsidiary of Rural Electrification Corporation) in Jawaharpur Firozabad Transmission Ltd comprising of 50,000 equity shares have been transferred along with all its assets and liabilities on December Read more