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SCCL re-invites bids for Rs 72 billion loan for Adilabad Stage II

Singareni Collieries Company Limited (SCCL) has re-invited Expressions of Interest (EoI) for raising a rupee term loan of up to Rs 72,000 million. The funds will be used for debt financing of the Adilabad Coal-Based Power Project Stage II. The EoI was issued on June 11, 2025. Interested lenders can submit bids by July 7, 2025. SCCL had earlier invited bids for the same in April 2025. The project involves expansion of the existing 1,200…

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REC reports 12% rise in FY25 net profit to Rs 158.84 billion

REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net interest income increased by 27 per cent…