REC raises $500 million via unsecured notes

REC raises $500 million via unsecured notes

REC n Friday said it has raised USD 500 million (about Rs 3,550 crore) by issuing unsecured notes, and the proceeds would be used for lending to power sector. “REC Ltd has issued USD 500,000,000, 3.50 per cent notes due 2024, on December 05, 2019.

Falling electricity generation dims GDP growth outlook

Falling electricity generation dims GDP growth outlook

Is the pace of 4.5%, the slowest in six years, the lowest point of India’s gross domestic product growth? While there is no easy answer to that question, the dimming lights in the power generation space portend a worsening economic outlook.

Tata Power Delhi Discom appoints Ganesh Srinivasan as the new CEO

Tata Power Delhi Discom appoints Ganesh Srinivasan as the new CEO

Tata Power Delhi Distribution, a power distribution company (Discom) in NCR has appointed Ganesh Srinivasan as the company’s new chief executive officer (CEO) on Friday. Srinivasan will take over from Sanjay Banga who has been elevated to the position of President, Transmission & Distribution (T&D), Tata Power, Mumbai.

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