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REC raises about Rs 3,500 crore via yen-denominated green bonds

REC Ltd, a state-owned company in India, has raised JPY 61.1 billion (about Rs 3,500 crore) through green bonds. The issuance includes 5-year, 5.25-year, and 10-year bonds under its USD 10 billion Global Medium Term Notes Programme. This marks REC Ltd s eleventh venture into the international bond market and the first Yen Green Bond issuance by any Indian PSU. The notes will be used to finance eligible green projects, aligning with REC s commitment to promoting green and clean energy.

JSW ENergy Amarkantak plant: JSW Energy proposes to top Adani Power's bid for coal-power plant

JSW Energy has proposed to top a bid by Adani Power for a thermal power plant in central India, as India seeks to boost investment in coal-fired power. The 1,980-megawatt plant is in insolvency proceedings, and the power minister called for more private investment to meet rising electricity demand, a report said.

F&O stocks to buy today: Biocon, TVS Motor among top 9 trading ideas for 9 January 2024

The Nifty future closed negative with losses of 1.03% at 21569 levels on Monday. India VIX was up by 6.57% from 12.63 to 13.46 levels. Volatility rose after the cool off in the last week and awakened the bears at crucial support zones.

Serentica Renewables raises Rs 3.5k crore via ECBs

A consortium of three international banks (Rabobank, MUFG Bank, Societe Generale) and three Indian lenders (YES Bank, Export-Import Bank of India, India Infrastructure Finance Company) have structured the loan for Serentica. Rabobank acted as the sole structuring bank for this loan facility. Tenure of the ECB facility is seven years, and the interest rate is 6.25%.

REC Ltd, RVNL sign Rs 35,000 crore MoU to finance infrastructure projects