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REC shares recover after management clarifies on project financing draft guidelines - CNBCTV18
RBI's new guidelines, which increased the provision to be set aside for for projects under construction, do not apply for most of REC's loans because the projects come with government guarantee, the management explained.
By: CNBCTV18
- May 09 2024
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Shares of REC Ltd., along with peers like PFC and IREDA, rebounded on Wednesday, breaking a two-day losing streak. The stock jumped as much as 6% on May 8 after management explained that the Reserve… [+1832 chars]