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Tag "power sector"

PFC-REC makes further reduction in lending rates

PFC-REC makes further reduction in lending rates

🕔11:47, 19.Jan 2022

New Delhi, Jan 19 Power Finance Corporation and REC Limited have further reduced their lending rates across all types of loans by 40 Bps. In the last about one year, both the organisations have reduced lending rates cumulatively by upto

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States committing to power sector reforms incentivised by increased market borrowings space

States committing to power sector reforms incentivised by increased market borrowings space

🕔18:13, 18.Jan 2022

Gurugram, 18th January 2022: Ministry of Finance, Government of India, had launched a programme in June 2021 to allow additional borrowing space to State Governments, which is conditional on them undertaking and sustaining specific reforms in the power sector. REC Ltd is

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“PFC issues India’s first-ever Euro Green Bonds”

“PFC issues India’s first-ever Euro Green Bonds”

🕔13:58, 16.Sep 2021

New Delhi: Power Finance Corporation Ltd (PFC), the leading NBFC in power sector,has successfully issued its maidenEuro 300 million 7 year Euro Bond issuance on 13.09.2021.The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in

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Consumer empowerment in Power sector

Consumer empowerment in Power sector

🕔16:33, 21.Dec 2020

New Delhi, Dec 21  Ministry of Power has introduced new rules laying down the rights of consumers, a first initiative towards consumer empowerment in the power sector. Issuing the rules Minister of State for Power R.K. Singh said that these

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RattanIndia sells solar power assets to GIP for Rs 1,670 cr

RattanIndia sells solar power assets to GIP for Rs 1,670 cr

🕔19:30, 2.Sep 2020

New Delhi, Sep 2  Leading infrastructure investor Global Infrastructure Partners (GIP) has bought the entire solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about Rs 1,670 crore ($232 million). RattanIndia Group has solar

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Plan to restrict power sector imports if domestic capacities exist

Plan to restrict power sector imports if domestic capacities exist

🕔15:07, 3.Jul 2020

New Delhi, July 3 In a bid to check proliferation of Chinese equipment in the critical power sector, the central government plans a major policy shift that will incentivise domestic manufacturing while putting restrictions on all imports where local capacities exist.

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Power generation deemed manufacturing, pay lower 15% corp tax

Power generation deemed manufacturing, pay lower 15% corp tax

🕔20:05, 1.Feb 2020

New Delhi, Feb 1 (IANS) As part of efforts to attract investment in the power sector and make its operations viable, the Budget 2020-21 on Saturday extended the benefit of lower corporate tax rate of 15 per cent to generating units

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Recent development in power sector and India’s competitiveness

Recent development in power sector and India’s competitiveness

🕔13:53, 9.Mar 2015

Recent developments within the power sector merit attention. The first of these is to do with performance of the coal sector and allocation of coal blocks. The second is about the focus on renewable energy and the benefits that can

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India needs sweeping power sector reforms: World Bank

India needs sweeping power sector reforms: World Bank

🕔10:49, 25.Jun 2014

New Delhi, June 25  Electricity distribution in India needs reform to achieve the target of electricity to all by 2019, the World Bank said. “Power distribution in India needs sweeping reforms if it is to bring back the country to

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