REC Has Kept Loan Portfolio Fairly Diversified To Avoid Risk Concentration

Maharashtra utilities are REC’s biggest borrowers, with Maharashtra State Power Distribution Company and Maharashtra State Electricity Distribution Company between them owing Rs 23, 441 crore, or 11.28 per cent of loan book, to the state-owned non-banking finance company.

REC Has Kept Loan Portfolio Fairly Diversified To Avoid Risk Concentration

REC has fairly spread its loan exposure to avoid concentration of risks to a few borrowers. Some 10 state-owned utilities account for nearly 37 per cent of total loan amount owed to the company as at the end of June. Moreover, no single borrower accounts for more than 7 per cent of REC’s loan book.

Bond Bulls Drool As ONGC Plans To Hit Debt Market

Given the company’s credit metrics -- it has 130 billion rupees ($2 billion) of cash on its books and a long-term rating that’s a notch above the government -- the issuance will be bought by investors drawn to one of the world’s fastest growth rates and Prime Minister Narendra Modi’s economic policies.

Bond Bulls Drool As ONGC Plans To Hit Debt Market

Bond bulls are drooling as ONGC plans to hit the debt market for the first time to raise as much as $5.2 billion to buy government’s stakes in HPCL and finance its projects.

‘We Win In Markets, Not Conference Rooms’: GE’s Jeff Immelt

Jeff Immelt, 61, who had served as the Chairman and CEO of the manufacturing giant GE since 2001, handed over the chief executive role to another company veteran John Flannery, but will continue as the Chairman till the end of this year.

‘We Win In Markets, Not Conference Rooms’: GE’s Jeff Immelt

“We win in markets, not conference rooms,” the message said. “Winning requires doing and not talking,” Jeff Immelt said in a letter to employees last week, which he also shared on LinkedIn.

98.8% Villages In Bihar Lit Up, Remaining To Get Power Soon

As many as 38,596 out of the state’s 38,073 villages have been lit up, chief secretary Anjani Kumar Singh said while briefing media about the review meet.

98.8% Villages In Bihar Lit Up, Remaining To Get Power Soon

Bihar’s 98.8 per cent villages have already been electrified and power will reach the remaining ones by December end, chief minister Nitish Kumar was informed in a review meet in Patna.