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.

REC looks to finance manufacturing, coal block development

REC looks to finance manufacturing, coal block development

State-run Rural Electrification Corp (REC) is looking at diversifying from power sector lending to financing equipment manufacturing, energy efficiency schemes, power plants renovation and coal blocks development, chairman PV Ramesh told ET in an exclusive interview. Ramesh said the company is even considering changing its name to suit its diversification plans. He said the company […]