The Rajasthan Government will use surplus money of state PSUs for providing finance to power companies and sick units, a state minister said. The state government will set a finance corporation which will make available surplus money of PSUs to power companies and other sick units, the state cabinet decided today.
Tag: power finance
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Power finance cos to see higher growth
A research report by Avendus Securities stated that power finance and housing finance companies are likely to have better time going ahead while finance companies engaged in the retail sector may see moderation in demand growth.
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REC tax-free infra bonds
Rural Electrification Corporation (REC) plans to raise up to Rs 500 crore through tax-free retail bonds in the last week of December. REC plans to raise about Rs 28,000-30,000 crore in this financial year.