The platform offers solutions of two, four, six, and eight-hour duration, tailored to clientsā needs. US-based energy storage and asset optimisation firm Fluence Energy has introduced its high-density, alternate current (AC)-based energy storage platform Smartstack for grid-scale applications worldwide. The platform offers solutions of two, four, six, and eight-hour duration, tailored to clientsā needs. Smartstack...
Author: Roshna (Roshna )
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NBCC inks MoU with NIT Kurukshetra valuing Rs. 300 Crore
NBCC (India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs, has inked a MoU on for rendering PMC Services with National Institute of Technology (NIT) Kurukshetra for construction of academic block, hostel block, residential block etc. at Kurukshetra (Haryana)”. The tentative cost of work is valued at approx. Rs. 300 Crore...
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REC Foundation Commits ā¹6 Crore to Sankara Eye Hospital for Cataract Surgeries Benefiting 8,000 EWS Patients
Chennai, February 18, 2025:Ā REC Limited, through its CSR arm, REC Foundation, has signed a Memorandum of Association (MoA) with Sankara Eye Hospital, Pammal, Chennai wherein REC committed ā¹6.00 Crore for the project āEye Care for Allā ā an initiative to provide support to 8,000 beneficiaries for cataract surgery. The MoA was formalized on February 17,...
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Integrated Exhibition Cum Convention Centre (IECC), better known as Bharat Mandapam, achieves prestigious GRIHA 4-Star Rating
NBCC (India) Ltd. proudly announces that the Integrated Exhibition Cum ConventionĀ Centre (IECC), better known as Bharat Mandapam has been awarded the prestigious GRIHA 4-Star rating under the GRIHA V.2015 rating variant. This recognition underscores NBCC’s commitment to sustainable infrastructure and green building excellence. The redevelopment of the ITPO Complex into an Integrated Exhibition Cum Convention...
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REC Limited Signs Agreement with CVPPL, to provide ā¹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project
REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a term loan of ā¹2147.508 crore (Rupees Two Thousand One Hundred Forty-Seven Crore & Fifty Lakh Eighty Thousand only).Ā The loan will be utilized for the development and...
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NBCC Reports Robust 40% Surge in Net Profit
TheĀ Board of Directors, in its meeting held onĀ February 11, 2025, approved the companyās financial results for theĀ quarter and nine months ended December 31, 2024. Ā Standalone Performance: Revenue from OperationsĀ stood atĀ ā¹2,047.77 CrĀ for the quarter andĀ ā¹5,540.01 CrĀ for the nine-month period, reflecting aĀ YoY growth of 6.73% and 10.39%, respectively. Profit Before Tax (PBT)Ā for the quarter wasĀ ā¹171.26 Cr, whileĀ Profit...
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The time to invest in Indiaās energy sector is now, says PM Modi
Prime Minister Narendra Modi asserts that with Indiaās aggressive energy sector expansion and comprehensive reforms, now is the optimal time for investment. A slew of reforms and a commitment to make the country a leading manufacturing hub make Indiaās energy sector an attractive investment proposition, Prime Minister Narendra Modi has said. In a video address...
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Indiaās Oil Minister Urges Energy Justice to Ensure Equitable Global Energy Transition
Union Minister Hardeep Singh Puri has said the emerging global energy order must be determined based on artificial intelligence and clean cooking, balancing immediate challenges with long-term vision, and resilient supply chains. Giving voice to an important concern of the 77 developing nations of the Global South, Hardeep Singh Puri, Indiaās Minister for Petroleum &...
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How Budget 2025-26 May Bolster Investments in Indiaās Infrastructure Sector
The Union Budget 2025-26 has laid down a bold roadmap for meeting the immense financing needs of the countryās infrastructure sector, write Neetu Vinayek and Jasdeep Sahni. The Union Budget 2025-26, unveiled by Finance Minister Nirmala Sitharaman, embodies a clear and ambitious vision. Recognising the pivotal role of investment in the economy as a key...
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REC Declares 3rd Interim Dividend of ā¹4.30 per share; Net Profit up 23% to ā¹4,029 crore
Delhi, February 06, 2025: The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the period ended December 31, 2024. Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone) – Net Profit: ā¹4,029 crore Vs ā¹3,269 crore, up by 23% – Net interest income: ā¹4,930 crore...