Energy exchanges IEX and PXIL have expressed hope that REC trading will resume after three months on October 28 as electricity tribunal APTEL has concluded hearing on the REC pricing issue
Last month, APTEL postponed the trading of REC scheduled on July 29 by four weeks till August 26, after hearing three separate appeals against the CERC order issued on fixing REC floor and forbearance prices
Corporate bond issuers caught in a bindThe largest insurer is said to have invested in the 10-year papers sold by the Rural Electrification Corp at 7.25%, about 20 basis points lower than secondary market trades in similar papers.
On the COVID-19 impact, the company said the management is of the view that there are no reasons to believe the pandemic will have any significant impact on the ability of the firm to continue as a going concern.
