Search For "pfc rec"
PFC-REC make further reduction in lending rates
Updated : 6 months, 3 weeks ago IST
New Delhi [India] January 19 (ANI): State-owned non-banking financial companies, Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across all types of loans by 40 Bps.
Read More
Power ministry asks gencos, transcos to cap late payment surcharge at 12 p
Updated : 1 year, 11 months ago IST
New Delhi [India], Aug 22 (ANI): In order to alleviate the financial stress of the power system, the Ministry of Power has advised all generating and transmission companies to charge late payment surcharge (LPS) at a rate not exceeding 12 per cent per annum (simple interest) for all payments
Read More
CCEA approves one-time relaxation to PFC, REC for extending loans to disco
Updated : 1 year, 11 months ago IST
New Delhi [India], Aug 19 (ANI): The Cabinet Committee on Economic Affairs has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans to Distribution Companies (discoms) above limits of the working capital cap of 25 p
Read More
Cabinet gives 'In Principle' approval to PFC takeover of REC
Updated : 3 years, 8 months ago IST
New Delhi [India], Dec 7 (ANI): The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its 'In Principle' approval the for strategic sale of the Centre's existing 52.63 per cent of total paid up equity shareholding in Rural Electrification Corporation (
Read More
NPP to serve as single window for all power sector apps
Updated : 4 years, 8 months ago IST
New Delhi [India], Nov 15 (ANI): The recently launched National Power Portal (NPP) has been designated to function as a single point interface for all apps launched for the power sector previously by the Ministry.
Read More