State-owned Rural Electrification
Corp (REC) would invite qualifying bids for the Rs 400-crore
independent transmission project on April 12.
State-run Rural Electrification Corporation on Wednesday posted a 48.58 per cent jump in net profit at Rs 474 crore for the quarter ended December 31, 2009, over the same period the previous year.
Reliance Power Transmission Limited, a subsidiary of Reliance Infrastructure, is believed to have bagged two transmission projects worth Rs 4,100 crore connecting six states.
Disinvestment in NTPC, REC and SJVN would be completed during current financial yr while process of selling stake in other profit-making PSUs is already underway.
The board of directors of the Rural Electrification Corporation today approved the proposed follow-on public offer (FPO) of the state-run company.
The Follow-on Public Offers of either NTPC or Rural Electrification Corporation, are likely to be launched in the next couple of months,
a senior government official said.
The government on Wednesday said state-run power utilities NTPC and REC will come up with Follow-on Public Offer by the end of this fiscal.
Day in Pics: 25th April
Showbiz World - April 25, 2015
Piku Movie Stills