REC inks a USD 100 million foreign currency term loan pact with EXIM Bank
Gurugram: REC Limited announced that it has signed a foreign currency term loan agreement for USD 100 million with Export Import Bank of India...
REC raises USD 1.15 bn through syndicated term loans
New Delhi :REC Limited today announced that it has successfully raised USD 1.15 billion in August 2023 in two tranches from a consortium of...
REC to provide Rs 4,527.68 crore to the DVC project to build a 1,320...
New Delhi: REC Limited has signed an agreement with Damodar Valley Corporation (DVC) under which it will lend Rs 4,527.68 crore to build a...
REC Market Cap doubles in a year; included in MSCI Global Standard Index
Gurugram: REC Limited, a Maharatna CPSE under the Ministry of Power, has been named to the prestigious Morgan Stanley Capital International (MSCI) Global Standard...
Power Ministry promoting electric cooking in rural India
New Delhi: The Union Minister for Power and New and Renewable Energy, Mr. R K Singh, informed the Lok Sabha that the Bureau of...
NTPC REL wins bid for 80 MW floating solar project in Madhya Pradesh
New Delhi: New Delhi: NTPC Renewable Energy Limited has been selected as the successful bidder for 80 MW of floating solar capacity at Omkareshwar...
Power Mech Projects bags SAIL’s MDO project in Jharkhand
Hyderabad: Power Mech Projects Limited, a leading power and infrastructure sector services and construction company, has won a Mine Development and Operation (MDO) project...
Govt notifies rules for financial sustainability of power Discoms
New Delhi: The government has implemented additional measures to improve distribution companies' financial health by expediting the processes of accounting, reporting, billing, and payment...
REC reports a 21% increase in first-quarter profit
New Delhi: REC Ltd., a state-owned infrastructure finance company, reported a 20.9% increase in first-quarter profit, boosted by higher interest income on loan assets.
The...
PMUY: Growth in per capita consumption increases by 23.25 %
Refills by PMUY beneficiaries go up from 16 Crore in 2018–19 to 35 Crore in 2022–23.
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BPCL to build ATF pipeline from Piyala to Noida International Airport
New Delhi : Noida International Airport (NIA) and Bharat Petroleum Corporation Limited (BPCL) have signed an agreement to build a dedicated aviation turbine fuel (ATF)...
More development investments needed to achieve SDGs: UN report
New Delhi: According to a recent United Nations report, finance concerns are central to the world's sustainable development challenge, as large debt burdens and...
Synapses VC fund launched; to pep up STEM innovations in ClimateTech and HealthTech
New Delhi: Synapses, a pioneering venture capital fund dedicated solely to creating and supporting STEM-based solutions for climate change and health, was officially launched...
Fujifilm India strengthens its footprint with a new office in Mumbai
Mumbai: Fujifilm India, a leading healthcare and imaging solutions provider in India, has opened a new office in Mumbai, solidifying its position in the...
REC wins the SKOCH ESG Award
New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power and a prominent NBFC, has received the SKOCH ESG Award 2024 in...
Steelmakers moving closer to global carbon emission average
Export competitiveness, financial flexibility to grow, and a full transition to green steel remain challenges.
New Delhi: Domestic primary steelmakers are on track to meet...