Page 49 - Rec News Today

The coal ministry is taking various measures to meet the demand for dry fuel and has auctioned 91 coal mines for commercial use in the last four years, the coal additional secretary said.

Lenders of Lanco Amarkantak Power are considering an improved offer from Adani Power, as the revised bid of Rs 3,650 crore surpasses the previous lender-approved plan and Adanis earlier offer. In January, lenders approved a Rs 3,020 crore plan from a consortium led by Power Finance Corporation (PFC), and Adani Power had initially offered Rs 2,950 crore.

Commerce Resources Corp. is pleased to report that, further to its news release dated 29, 2023, where it announced the production of 0.43 kg of mixed rare earth carbonate , it has produced an additional 0.6 kg of mixed REC concentrate to satisfy... - Veroeffentlicht am 01.11.2023

While it is a well known fact that small caps as a segment are more prone to risks of sharp decline. However, the reality is that when small caps are doing well, all the caution is thrown out of the window. The reason is, small gains also tend to gain very sharply in a short period of time and that is what makes them attractive to investors. Given the valuations, at this point of time, it would be logical that investors should put more checks and balances while navigating the small cap space. Al...

Committed to India’s net zero targets, REC is on track to achieve a green finance loan book of ₹3 trillion by fiscal year 2030

Rec: This increase is primarily attributed to the improvement in asset quality, increased lending rates, and effective finance cost management.

Declares 2nd interim dividend of Rs 3.5 per share for FY24

"We plan to start roadshows in the second half of November to raise $300-500 million. The issuance will happen after that, depending on the response," said Vivek Kumar Dewangan, chairman and managing director, REC Ltd, adding that the company expects the coupon rate to be in the range of 6% compared to the companys overall borrowing cost of 7.23%

Retrospective study identifies potential for misdiagnosed mycosis fungoides and for dupilumab to fuel cutaneous lymphoid reactions that mimic mycosis fungoides in patients with atopic dermatitis.

“I would rather stick with the frontline financials and NBFCs rather than getting into some of these fintech names. As a Diwali pick, I would still go with REC Limited because it finances both infrastructure as well as financing projects. It trades well under book value, trades at about 0.7 times. It still has a very long growth trajectory ahead.”