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REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards , Rural Electric Cooperatives, NGOs and Private Power Developers. [ 4 ]
REC also entered into a significant long-term agreement for supply of mono-crystalline silicon wafers to China Sunergy Co. Ltd. Under the agreement, REC were to deliver wafers worth more than US$400 million until 2015. It was structured as a take-or-pay contract with pre-determined prices and volumes for the entire contract period. [23]
Indian Renewable Energy Development Agency Limited [5] is a Public Limited Government Company and a Non-Banking Financial Institution [6] formed with the objective of promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. [7]
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Power Finance Corporation Ltd. (PFC) is an Indian public sector company engaged in infrastructure finance activities. Established in 1986, it provides financing for the Indian power sector and is under the admistrative control of the Ministry of Power , Government of India . [ 2 ]
Solar Energy Corporation of India Ltd. (SECI) is a public sector company of the Ministry of New and Renewable Energy, Government of India, established to facilitate the implementation of the National Solar Mission (NSM). [2]
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A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.