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    REC Ltd.
    22 Apr 2025
    Govt appoints 2000-batch IAS officer Jitendra Srivastava as CMD of REC Ltd
    Business Standard
    State-owned REC Ltd on Tuesday announced the appointment of Jitendra Srivastava as its Chairman and Managing Director, with immediate effect. He takes over from Parminder Chopra, CMD, Power Finance Corporation, who was given the additional charge of REC chief, the company said a regulatory filing. The Ministry of Power had conveyed the appointment of Srivastava, Joint Secretary, Department of Drinking Water and Sanitation, Ministry of Jal Shakti as CMD of the REC Ltd in the rank and pay of Additional Secretary to the Government of India, it said. Srivastava is 2000 batch IAS officer of Bihar Cadre. He has held several key administrative and leadership roles in the Centre and Bihar government. Earlier, he served as Secretary to Government of Bihar in Home Department and Public Health Engineering Department (PHED). His postings have included important assignments in sectors such as finance, power sector, education, public health and infrastructure.
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    REC Ltd. has an average target of 513.75 from 4 brokers.
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    Power Finance Corporation Ltd.
    18 Apr 2025, 10:30PM
    RoCE Outperformer
    408.00
    0.79%
    NHEV to consult PFC, IREDA to take over 2,700 BluSmart cabs
    Business Line
    Misuse of funds.Fallout of alleged scam by electric ride-hailing start-up's co-founders
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    Power Finance Corporation Ltd. is trading below its 100 day SMA of 409.4
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    Indian Renewable Energy Development Agency Ltd.
    16 Apr 2025
    155.53
    1.01%
    IREDA shares soar 6% post Q4 results
    Business Line
    IREDA reported a 49% increase in its standalone profit after tax to 502 crore in the quarter ended March 31, 2025
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    Indian Renewable Energy Development Agency Ltd. is trading at high day volume of 17.9M.
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    IFCI Ltd.
    14 Apr 2025
    NCLAT rejects Supertech promoter's appeal against personal insolvency case
    Business Standard
    The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by debt-ridden realty firm Supertech former promoter Ram Kishor Arora against personal insolvency proceedings initiated against him. He had challenged an order by the Delhi bench of the National Company Law Tribunal, which, in February 2025, directed to initiate personal insolvency proceedings against Arora on the plea filed by IFCI and appointed an IRP. A two-member bench of the appellate insolvency tribunal NCLAT said personal insolvency proceedings could not be defended based on another insolvency proceeding going against Supertech under section 7 of the IBC. It is on the lenders to proceed against both simultaneously or separately. Section 95 (1) of the Insolvency & Bankruptcy Code allows the creditors to file insolvency proceedings against the personal guarantors. Arora's counsel submitted the insolvency proceedings initiated against Supertech Ltd under Section 7 is currently sub-judice before...
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    IFCI Ltd. has gained 47.41% in the last 6 Months
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    Power Finance Corporation Ltd.
    12 Apr 2025
    RoCE Outperformer
    408.00
    0.79%
    Has a positive charge to it
    Business Line
    Fundamentals remain strong, with sanctions pipeline providing growth visibility for PFC
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    Power Finance Corporation Ltd. is trading below its 100 day SMA of 409.4
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    Indian Renewable Energy Development Agency Ltd.
    11 Apr 2025
    155.53
    1.01%
    IREDA shares: Retail shareholding rises above 26 lakh; FPIs reduce stake marginally
    IREDA shares: Retail shareholding rises above 26 lakh; FPIs reduce stake marginally
    livemint
    IREDA share price has gained 8.6% over the past month. However, the PSU stock has declined 23% in the last three months. On a YTD basis, IREDA shares have fallen 30.5%, while it is down 32.5% over the past six months. In one year, the PSU stock has registered a decline of more than 7%.
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    Indian Renewable Ene.. has an average target of 224.67 from 3 brokers.
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    REC Ltd.
    08 Apr 2025
    REC raises Rs 2,625 crore through 15-year bonds at coupon rate of 7.02%
    Business Standard
    Market participants noted that spreads on AAA-rated corporate bonds have tightened considerably in April compared to previous months
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    REC Ltd. has lost -29.45% in the last 1 Year
    MMRDA Signs Rs 4.1 Lakh Crore Infrastructure MoUs With HUDCO, REC, Others
    NDTV Profit | 08 Apr 2025
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    Power Finance Corporation Ltd.
    08 Apr 2025
    RoCE Outperformer
    408.00
    0.79%
    PFC To Provide Rs 1 Lakh Crore To MMRDA For Mumbai Infra Projects
    PFC To Provide Rs 1 Lakh Crore To MMRDA For Mumbai Infra Projects
    NDTV Profit
    The MoU seeks to establish a robust collaborative working partnership between MMRDA and PFC.
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    Power Finance Corpor.. has an average target of 497.50 from 2 brokers.
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    Power Finance Corporation Ltd.
    03 Apr 2025
    RoCE Outperformer
    408.00
    0.79%
    PFC approves Rs 3.5 K cr loan for Chhattisgarh's East Rail Corridor project
    Business Standard
    State-owned PFC on Thursday said it has sanctioned Rs 3,517 crore worth of loan to Chhattisgarh East Railway Limited (CERL) for implementing the East Rail Corridor Project in Chhattisgarh. CERL is a joint venture of South Eastern Coalfields Limited (SECL), IRCON, and Chhattisgarh State Industrial Development Corporation Limited (CSIDCL), PFC said in a statement. The loan documents for a term loan amounting to Rs 3,516.68 crore were executed on March 28, 2025, PFC said. The under-construction railway project is being developed primarily for transporting coal from multiple coal mines in the vicinity and connecting them to thermal power plants. Under Ministry of Power, PFC is a nodal agency for development of Integrated Power Development Scheme, Ultra Mega Power Projects and Bid Process Coordinator for Independent Transmission Projects.
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    Power Finance Corporation Ltd. is trading below its 100 day SMA of 409.4
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    Indian Renewable Energy Development Agency Ltd.
    01 Apr 2025
    155.53
    1.01%
    IREDA reports significant growth, loan sanctions grow 27% Y-o-Y in FY25
    Business Line
    Loan disbursements rose by 20 per cent to 30,168 crore, compared to 25,089 crore in FY24
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    Indian Renewable Energy Development Agency Ltd. is trading at high day volume of 17.9M.
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