{"id":512388,"date":"2022-08-06T10:24:01","date_gmt":"2022-08-06T04:54:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512388"},"modified":"2022-08-06T10:58:45","modified_gmt":"2022-08-06T05:28:45","slug":"rec-okays-subscribing-50-equity-in-asset-management-firm-pfc-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-okays-subscribing-50-equity-in-asset-management-firm-pfc-projects\/","title":{"rendered":"REC okays subscribing 50% equity in asset management firm PFC Projects"},"content":{"rendered":"<p>State-owned REC Ltd board has approved a proposal for subscribing 50 per cent equity not exceeding Rs 50 crore in PFC Projects, a power asset management company for taking over stressed assets.<\/p>\n<p>As per a BSE filing, PFC Projects is a 50:50 joint venture company with the PFC for taking over stressed\/NPA (bad loan) assets in the power sector, subject to requisite approvals.<\/p>\n<p>The REC board in a meeting on August 4, 2022, approved a proposal for the subscription of 50 per cent equity shareholding not exceeding Rs 50 crore in PFC Projects Ltd (in the Power Asset Management Company), the filing said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned REC Ltd board has approved a proposal for subscribing 50 per cent equity not exceeding Rs 50 crore in PFC Projects, a power asset management company for taking over stressed assets. As per a BSE filing, PFC Projects is a 50:50 joint venture company with the PFC for taking over stressed\/NPA (bad loan) assets in the power sector, subject to requisite approvals. The REC board in a meeting on August 4, 2022, approved a proposal for the subscription of 50 per cent equity shareholding not exceeding Rs 50 crore in PFC Projects Ltd (in the Power Asset Management Company), [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-512388","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=512388"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512388\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}