REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the Gandhigram Rural Institute under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹8.44Cr. for establishing 1MW multitechnology ground mounted, grid connected solar photovoltaic power plant for the benefit...
Author: Roshna (Roshna )
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REC Commits ₹2.01 Cr Under CSR to Support Procurement of Health Equipments in Raipur, Chhattisgarh
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the District Health Society (DHS) Raipur under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹2.01 crore for the procurement of health equipment for three Community Health Centres (CHC)...
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RECPDCL Handovers Rajasthan IV 4A Power Transmission Limited, a Transmission Project Special Purpose Vehicle to Power Grid Corporation of India Limited
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV 4A Power Transmission Limited to Power Grid Corporation of India Limited on 30th December, 2024 at Gurugram. Power Grid Corporation of...
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REC Limited Commits Rs. 2.92 Crore Under CSR to Enhance ITBP Medical Infrastructure
REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Indo-Tibetan Border Police (ITBP) under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of Rs. 2.92 Cr. for the procurement of medical equipment/items in the field hospitals of ITBP (Indo-Tibetan...
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Global investors are eyeing India’s infrastructure sector
For India, transitioning from a $2.3 trillion economy to a $30 trillion economy by 2047 will need an incremental $20 trillion in urban economic output. India’s urban transformation is both a challenge and an opportunity, finds out Rakesh Rao, during his conversation with Clara Cutajar, Global Capital Projects & Infrastructure Leader, PwC; Jennifer Tay, Asia...
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Highways to Progress
India’s road infrastructure has evolved through innovative public-private partnerships, technological advancements and sustainability initiatives, driving economic growth and setting global standards. India’s journey in transforming its road infrastructure is a tale of evolution, innovation, and collaboration, reflecting a significant shift from traditional government-led projects to a dynamic, inclusive framework involving public-private partnerships (PPPs). This transformation,...
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We want to backward integrate to the maximum: TRSL
Creating a self-reliant railway ecosystem is intrinsic to realising the vision for a New India by 2047 (popularly referred to as ‘Amrit Kaal’), says Prithish Chowdhary, Deputy MD, Titagarh Rail Systems Ltd (TRSL). Speaking to Manish Pant after registering a 64 per cent surge in net profits and 11.4 per cent growth in EBITDA margin in 4QFY24, Chowdhary said...
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Embrace emerging financing architecture: IIFCL MD
As the relay financing framework slowly takes hold in infrastructure financing, the government-owned Indian Infrastructure Finance Co. Ltd (IIFCL) is busy prepping to support megaprojects, Dr. Padmanabhan Raja Jaishankar, MD tells Manish Pant. Alternate Investment Financing (AIF) to source funds from international investors is already being rolled out. Jaishankar is also optimistic that given the significant stress...
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Proposed RBI norms are positive for the industry: CRISIL
While the overall cost of financing may go up, several aspects of the central bank proposals on provisioning norms can help ramp up the overall infrastructure buildout in the country as we advance, says Jagannaryan Padmanabhan, Senior Director and Global Head, Transport Logistics & Mobility, CRISIL Infrastructure Advisory tells INFRASTRUCTURE TODAY. Edited excerpts. How do you see...
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Green Shoots of Project Finance!
A successful transition to new and renewable energy sources by the world’s fastest-growing major economy won’t only serve as a template for other countries but will also help firmly position it as a global green energy hub. A day after the ambitious Pradhan Mantri Surya Ghar Muft Bijli Yojana or Prime Minister’s free electricity scheme...