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Quote by Mr. Ratul Puri, Chairman, Hindustan Powerprojects on RBI Credit Policy

Sep 29, 2015   18:30 IST 
India

Quote by Mr. Ratul Puri, Chairman, Hindustan Powerprojects on RBI Credit Policy:

 

RBI’s move to cut repo rate by 50 bps to 6.74 per cent implies opportunities for increased investments in the private sector and a game-changer for the economy. This would provide a fillip to growth in the sector by addressing concerns around continuing domestic capacity under-utilisation. We are hopeful that the transmission of these cuts would eventually boost investor confidence and meet the demand supply gap in the market. This is a welcome move for the power sector and our company since we recently signed an agreement with IIFCL for issuance of secured and redeemable non-convertible debentures under IIFCL’s ‘Regular Credit Enhancement Scheme’. We are hoping that with the rate cut, the corporate bond yields are likely to soften down.”


 
 
Mr. Ratul Puri, Chairman, Hindustan Powerprojects
Mr. Ratul Puri, Chairman, Hindustan Powerprojects
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