Rural Electrification Plan
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Over 1 Million Homes Still In The Dark As Government Misses Power Target
Prime Minister Narendra Modi's government missed a self-imposed target to electrify every home, delaying the success of a marquee $2.3 billion development goal that his party plans to showcase before national elections early this year.
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Every Village Has Electricity, Says Government. A Reality Check
Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen.
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In New Milestone, Centre Electrifies Over 13,000 Villages Out Of 18,452
The government has managed to cross another milestone by electrifying over 13,000 villages so far out of the 18,452 villages that did not have electricity. "The Ministry of Power has achieved a remarkable milestone of electrifying more than 13,000 villages out of the 18,452 unelectrified villages," the Rural Electrification Corporation said in a st...
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Government Planning To Launch Second ETF Of PSUs This Fiscal
The 10 PSUs which are part of the CPSE ETF basket are ONGC, GAIL India, Coal India, Indian Oil, Oil India, Power Finance Corp, Rural Electrification Corp, Container Corp, Engineers India and Bharat Electronics.
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REC to Raise Rs 700 Cr via Tax Free Bonds
State-run Rural Electrification Corp (REC) on Monday said it plans to raise Rs 700 crore through a public issue of tax-free non-convertible bonds.
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Strong Demand for REC Shares Boosts Asset Sale Drive
The governments plan to raise $11.1 billion (Rs 68,820 crore at 1 dollar = 62 rupees) from asset sales this year was given a boost on Wednesday when it sold a 5 per cent stake in Rural Electrification Corp Ltd (REC) and investors bid for more than five times the number of shares on offer.
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Plan to Improve State-Run Companies Important for Divestment: Kotak
Kotak adds that piece-meal divestments achieve little in terms of improving efficiency, returns for the government.
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Disinvestment Department to Appoint Law Firm for PFC, REC Stake Sales
The government is planning to sell stakes in Power Finance Corp (PFC) and Rural Electrification Corp (REC) through the Offer for Sale (OFS) route and has also initiated the process of appointing merchant bakers for that.
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Government Seeks Bids From Banks to Manage PFC, REC Share Sale
The government on Monday invited bids from investment banks to manage planned share sales in state-run Power Finance Corp Ltd (PFC) and Rural Electrification Corp Ltd (REC), which could raise a combined $515 million (Rs 3,090 crore at 1 dollar = 60 rupees).
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Power, Finance Ministry Officials to Meet Over REC Disinvestment on Wednesday: Report
To take forward the disinvestment plans of Power Finance Corp (PFC) and Rural Electrification Corp (REC), officials from the Finance and Power Ministry will meet on Wednesday to discuss the road ahead.
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REC plans to raise over Rs 37,000 crore in FY14
State-run Rural Electrification Corporation (REC) plans to raise over Rs 37,000 crore this fiscal year through various instruments, a top company official has said.
-
Over 1 Million Homes Still In The Dark As Government Misses Power Target
Prime Minister Narendra Modi's government missed a self-imposed target to electrify every home, delaying the success of a marquee $2.3 billion development goal that his party plans to showcase before national elections early this year.
-
Every Village Has Electricity, Says Government. A Reality Check
Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen.
-
In New Milestone, Centre Electrifies Over 13,000 Villages Out Of 18,452
The government has managed to cross another milestone by electrifying over 13,000 villages so far out of the 18,452 villages that did not have electricity. "The Ministry of Power has achieved a remarkable milestone of electrifying more than 13,000 villages out of the 18,452 unelectrified villages," the Rural Electrification Corporation said in a st...
-
Government Planning To Launch Second ETF Of PSUs This Fiscal
The 10 PSUs which are part of the CPSE ETF basket are ONGC, GAIL India, Coal India, Indian Oil, Oil India, Power Finance Corp, Rural Electrification Corp, Container Corp, Engineers India and Bharat Electronics.
-
REC to Raise Rs 700 Cr via Tax Free Bonds
State-run Rural Electrification Corp (REC) on Monday said it plans to raise Rs 700 crore through a public issue of tax-free non-convertible bonds.
-
Strong Demand for REC Shares Boosts Asset Sale Drive
The governments plan to raise $11.1 billion (Rs 68,820 crore at 1 dollar = 62 rupees) from asset sales this year was given a boost on Wednesday when it sold a 5 per cent stake in Rural Electrification Corp Ltd (REC) and investors bid for more than five times the number of shares on offer.
-
Plan to Improve State-Run Companies Important for Divestment: Kotak
Kotak adds that piece-meal divestments achieve little in terms of improving efficiency, returns for the government.
-
Disinvestment Department to Appoint Law Firm for PFC, REC Stake Sales
The government is planning to sell stakes in Power Finance Corp (PFC) and Rural Electrification Corp (REC) through the Offer for Sale (OFS) route and has also initiated the process of appointing merchant bakers for that.
-
Government Seeks Bids From Banks to Manage PFC, REC Share Sale
The government on Monday invited bids from investment banks to manage planned share sales in state-run Power Finance Corp Ltd (PFC) and Rural Electrification Corp Ltd (REC), which could raise a combined $515 million (Rs 3,090 crore at 1 dollar = 60 rupees).
-
Power, Finance Ministry Officials to Meet Over REC Disinvestment on Wednesday: Report
To take forward the disinvestment plans of Power Finance Corp (PFC) and Rural Electrification Corp (REC), officials from the Finance and Power Ministry will meet on Wednesday to discuss the road ahead.
-
REC plans to raise over Rs 37,000 crore in FY14
State-run Rural Electrification Corporation (REC) plans to raise over Rs 37,000 crore this fiscal year through various instruments, a top company official has said.
