REC kickstarts public issue of bonds; to raise Rs 4,500 cr
Agencies: New Delhi, Dec 03 2012, 20:47 IST
the targetted Rs 30,000 crore in the current fiscal," he said. REC has also said that no state electricity board or distribution company has defaulted on payments due to the company.
"None of them (discoms) has defaulted and therefore no NPAs (non-performing assets). Issues are there and they are being dealt with at the highest level," Sharma said.
However, he admitted that discoms in the states of Uttar Pradesh, Rajasthan, Tamil Nadu and Haryana are stressed but their payments have not been impacted. REC is engaged in the financing and promotion of power generation, transmission and distribution including renewable energy projects throughout India.
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