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PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
PFC, REC seek to help centre retain majority at low cost
Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less expensive than the recurring interest costs of bonds.
Resonia wins Telangana transmission project to boost renewable energy connectivity
Resonia, formerly Sterlite Power's transmission arm, has secured a significant project in Telangana from Power Finance Corporation. This initiative aims to bolster power transmission links between Andhra Pradesh and Telangana, improving grid flexibility and facilitating the integration of renewable energy from the Kurnool REZ. The project involves establishing a new substation and enhancing existing infrastructure to support this crucial connectivity.
Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC - The Economic Times
Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFCThe Economic Times
Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC
Markets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict implications for oil and inflation. Vodafone Idea reported a Rs 51,970 crore net profit due to an accounting gain, while Tata Steel and Hindustan Copper saw significant profit growth in Q4FY26.
Stocks to Watch for May 18: Vodafone Idea, REC, PFC, RBL Bank, Tata Steel, Coal India and more
From Vodafone Idea reacting to its results and fund raising approval to REC and PFC's update on their merger, there are plenty of stocks that should be on your radar going into Monday's trading session on May 18. Here is the complete list:
Q4 Results Live Updates: Bharti Airtel, Tata Motors CV, Oil India And HPCL To Report Earnings Today
Bharti Airtel, PFC, Oil India, Tata Motors CV among companies to report Q4 earnings today.
Q4 Results LIVE Updates: Dr Reddy's, Dixon react to earnings; Bharti Airtel, Cipla report today
Q4 Results LIVE Updates: It's another earnings-heavy day as investors track numbers coming in from two Nifty 50 constituents Bharti Airtel and Cipla. Bharti Hexacom, TVS Motor, Tata Motors Commercial Vehicles, DLF, Crompton Consumer, DCM Shriram, HPCL, GSK Pharma, Man Infra, Oil India, NLC India, PFC, Sagar Cement, Tube Investments, are among the other important companies to track today. Watch this space for all the live earnings updates.
Q4 Results Today: Tata Motors, Bharti Airtel, PFC, Oil India Among 100 Companies To Declare Earnings
DLF, Cipla, Hindustan Petroleum Corporation, LIC Housing Finance and Paras Defence are among the companies that will declare earnings on May 13.
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 13 March 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — HFCL, Cummins India, Ajanta Pharma, Power Finance Corporation, and Kirloskar Oil Engines.