No 5. Company: REC | Total recommendation: 12 | Consensus target price: ₹552 | Brokerage firm Macquarie has set a target price of ₹700 on REC, compared to its current market price of around ₹400—highlighting the strong bullish sentiment among analysts toward the state-owned project lender.
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CNBC TV1802-01-2026, 15:44

Andhra Pradesh Govt Pays ₹4,497 Cr DISCOM Dues, Saves Consumers from Tariff Hike

  • Andhra Pradesh government will pay ₹4,497.89 crore in power true-up liabilities to DISCOMs.
  • This prevents the amount from being passed on to consumers through higher electricity tariffs.
  • APERC finalized the true-up for FY 2019-20 to FY 2023-24, disallowing ₹8,274 crore from DISCOMs' initial ₹14,200 crore claim.
  • The state government committed to pay the approved amount to avoid hardship for end consumers.
  • DISCOMs are directed to recover the sums from the state government, not through tariff revisions.

Why It Matters: AP Govt absorbs ₹4,497 Cr power true-up costs, shielding consumers from electricity tariff increases.

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