To fund three key power projects in Andhra Pradesh, the Rural Electrification Corporation (REC) is to provide a loan of Rs 10,873.35 crore.
Tag: Rajeev Sharma
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REC to raise Rs 30,000 crore
Through tax-free bonds and foreign convertible bonds, the Rural Electrification Corp (REC) will raise Rs 30,000 crore in the current financial year.
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Fourth CMD in 2 years
Quick turnovers are not the salient feature of a vibrant economy alone, it seems. Rural Electrification Corporation (REC) has seen turnovers of a different kind: four CMDs in two years. Rajeev Sharma takes over the reins from HD Khunteta who took over from JM Phatak only in May last year for a period of Ć¢ā¬Åthree months or until further ordersĆ¢ā¬Ā. He served for seven months, while Phatak was CMD for less than a year.