Tuesday paid Rs 16,070 crore to the government Telangana for an energy project. According to a press release from the office of head of government, the loan will finance the Yadadri MW Thermal Power Project 4000, being created by the State of Telangana Power Generation Corporation Limited (TSGENCO) to Damcharla in Nalgonda district. REC President and CEO Rajiv Sharma handed over the check to Chief Minister K Chandrasekhar Rao here. With this, the REC has so far paid Rs 20.391 million rupees for energy projects in the state. Telangana 11 percent interest, compared to the usual rate of 11.5 percent is charged.
The August 12, 2015, Rural Electrification Corporation closed at Rs 254.35, down from Rs 16.25, or 6.01 percent. The 52-week action was Rs 371.05 and 52-week low was Rs 234.00. Last 12 months the company (TTM) EPS was at Rs 55.25 per share as the quarter ended in June 2015. (P / E) ratio of stock price-earnings ratio of 4.6. The latest book value of the company is Rs 262.59 per share. At current value, price-to-book of the company is 0.97.
“Tata Capital Limited should seek majority stake in the Innovation Fund T Hub is created under T Hub. They expressed their interest to manage the funds. There will meet on August 12 they (Tata) will finalize the amount of game that will to collect, “Ranjan told reporters in a press conference. He said the initial size of the fund would be Rs 10 crore and eventually reduced to 100 million.
T-Hub initiative of the Government of Telangana is a technology incubator with the collaborative efforts of the Indian School of Business (ISB), the International Institute of Information Technology (IIIT-Hyderabad) and NALSAR University of Law, in addition to several other organizations. Meanwhile, the third edition August Fest-start a conference will be held two days from August 29 will host over 4,000 amazing minds from all over India, Asia, Middle East and the Americas, the official added.
