REC has received approval for sale and transfer of Rajgarh Transmission to G R Infraprojects, the successful bidder selected through Tariff Based Competitive Bidding process. The process for sale and transfer to the successful bidder is expected to complete in the financial year 2022-23. The Board of Directors of the company at their meeting held on April 27, 2022, approved the same.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 461.00 |
| REC | 359.35 |
| Indian Railway Fin. | 106.05 |
| NHIT | 160.00 |
| Satin Creditcare | 212.55 |
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