In general, the applicable rate of late payment surcharges is quite high despite the fact that interest rates softened over last few years
23 Aug 2020 9:07 AM
PFC finances power sector projects and its main source of revenue is interest income on loans.
12 Jun 2019 5:37 PM
REC Ltd's consolidated net profit for 2018-19 was Rs 5,741.38 crore, up from Rs 4,450.52 crore a year ago.
24 May 2019 6:24 PM
The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.
28 Mar 2019 2:30 PM
The ratings agency Moody's has confirmed the Baa3 issuer ratings of PFC and REC.
27 Mar 2019 7:48 PM
The arrangement will appear in the not so distant future, making a noteworthy commitment to the Center's disinvestment kitty for the year.
11 Feb 2019 12:28 PM
This move marks the departure from the usual practice of public sector units to use local taxis for official visits.
27 Jun 2017 1:56 PM