liquidity

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Where Does India’s Rooftop Solar Market Stand Since COVID-19 Lockdown?

India’s rooftop solar industry has started recovering steadily from the adverse effects of the COVID-19 pandemic, with the country returning to normalcy following...

December 14, 2020

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Harsh Shukla

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Mercom Research Focus

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Other
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REC Earmarks ₹27.9 Billion Loan to Help Jammu and Kashmir DISCOM With its Dues

REC Limited has approved a ₹27.9 billion (~$380.9 million) loan to the Jammu Kashmir Power Corporation Limited (JKPCL) under the liquidity infusion program of the Indian...

October 19, 2020

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Nithin Thomas

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Grid

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Market & Policy
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Power Finance Corporation Releases ₹306 Billion as Part of DISCOMs’ Liquidity Package

The Power Finance Corporation Limited (PFC) has approved ₹306.07 billion (~$4.09 billion) as of July 31, 2020, as part of the liquidity package announced by the...

August 17, 2020

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Rakesh Ranjan

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Grid

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Market & Policy
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Over ₹300 Billion Released by REC Under DISCOMs’ Liquidity Package

REC Limited, formerly called the Rural Electrification Corporation Limited, reported that it had sanctioned over ₹300 billion (~$4 billion) to distribution companies...

August 12, 2020

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Nithin Thomas

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Grid

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Market & Policy
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Government to Inject ₹900 Billion to Help Ailing Power DISCOMs Amid Coronavirus Crisis

In a press conference in New Delhi, Finance Minister Nirmala Sitaraman announced that power distribution companies (DISCOMs) would receive ₹900 billion (~$12.03 billion)...

May 13, 2020

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Nithin Thomas

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Grid

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Market & Policy
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To Ensure Liquidity During COVID-19 Lockdown, RBI Reduces Reverse Repo Rate to 3.75%

As the country fights against the Coronavirus (COVID-19) outbreak by staying home, the Reserve Bank of India (RBI) has announced the second round of monetary measures to...

April 17, 2020

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Anjana Parikh

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Markets & Policy

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Solar
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CERC: DISCOMs to Pay Reduced Late Payment Surcharge Amid COVID-19 Outbreak

Given the ongoing lockdown in the country caused by Coronavirus (COVID-19), the Central Electricity of Regulatory Commission (CERC) has reduced the rate for late payment...

April 6, 2020

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Anjana Parikh

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Grid

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Market & Policy
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RBI Cuts Repo Rate to 4.4% to Boost Economic Activity Amid Coronavirus Pandemic

As the country grapples with the Coronavirus (COVID-19) outbreak, the Reserve Bank of India (RBI) today announced that the repo rate has been reduced by 75 basis points...

March 27, 2020

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Anjana Parikh

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Finance and M&A

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Other

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