Not denying that REC / PFC are veterans in financing power sectors since decades.
As I can see from their website, IREDA can also finance utility scale power projects that REC PFC are mandated to finance , but IREDA would focus mainly on100% renewals. REC PFC can do both thermal & renewable & more recently infra projects also.
Further additionally IREDA can also finance micro renewable projects such as Bio-gas , Bio-ethanol, Roof top solar for individuals , societies , small medium offices. Even EV …
Perhaps Mr. market gives a thumbs up to its 100% commitment to renewables , which is currently fancied by investors.
However , few quarters down the line only Financial performance would decide the valuation.
Discl: holding REC PFC since high Dividend yield period of 11-12%. IREDA I got a small allotment through IPO which I am holding. Would like to add further in declines
Not a buy or sell recommendation. Please do your own assessment before investing
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