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.

IGL Q1 Profit Up 9%; Board Approves Stock Split In Ratio 1:5

IGL Q1 Profit Up 9%; Board Approves Stock Split In Ratio 1:5

Indraprastha Gas Limited (IGL), the supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida and Ghaziabad today announced its financial results for the first quarter of FY’18, while continuing the growth momentum.

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.

FinMin Makes Energy Efficiency Must, Ropes In EESL

FinMin Makes Energy Efficiency Must, Ropes In EESL

Giving a big boost to energy conservation, the Finance Ministry has issued guidelines for mandatory installation of energy efficient appliances in all central government buildings in the country.

BHEL Net Up 12% in Q1

BHEL Net Up 12% in Q1

Bharat Heavy Electricals Limited (BHEL) said on Thursday its net profit rose 12 per cent to Rs 108 crore in the quarter ended June, from the same period last year.