Located in Prayagraj district, the project will add 2,400 MW through three ultra‑supercritical 800 MW units. REC Ltd and PFC Ltd, India’s leading power sector financiers, have signed a ₹268.5 billion common loan agreement with Meja Urja Nigam Pvt Ltd (MUNPL) to fund the second stage of the Meja Thermal Power Project in Uttar Pradesh....
Category: Infrastructure Finance
Post
Post
REC Declares First Interim Dividend as Q1 Profit Jumps 23%
The company’s standalone loan book stood at ₹5.9 trillion as of June 30, the largest for any central government-owned NBFC in India. REC Ltd, the power sector financier, on Friday approved its standalone and consolidated financial results for the quarter ended June 30, 2026, declaring its first interim dividend of ₹4.25 per share for FY2026‑27....
Post
GIFT City Units Freed from Coastal Shipping Licence, Boosting India’s Maritime Finance Hub
This landmark maritime reform is set to drive leasing, financing, and ship‑owning through GIFT City, while opening India’s maritime assets to deeper global capital participation. In a landmark reform, the Centre has exempted units established in the International Financial Services Centre (IFSC), GIFT City, Gandhinagar, from the licensing requirement under Section 11 of the Coastal...
Post
REC Commits ₹150 Billion to Power and Renewable Push in Tripura
The financing pacts will support critical power projects in Tripura, contributing to the expansion and modernisation of the state’s infrastructure. Power sector financier REC Ltd has signed two MoUs with the Government of Tripura to support power and renewable energy projects worth ₹150 billion. The agreements were formalised during the Destination Tripura Business Conclave 2026...
Post
Adar Poonawalla Family Office Invests ₹700 Crore in Inox Clean Energy
The investment comes as the Noida‑based company has completed ten acquisitions in the past ten months, highlighting its rapid expansion strategy. Rising Sun Holdings Pvt. Ltd., the Adar Poonawalla family office, has invested ₹7 billion in Inox Clean Energy Ltd, the integrated renewable energy platform of the INOXGFL Group, at a valuation of ₹700 billion....
Post
PFC-REC Merger Scheme Approved by Boards, Creating ₹11 Trillion Power Financing Giant
Once completed, the merger will strengthen India’s ability to finance large-scale power and renewable energy projects through a unified, globally competitive institution. The boards of Power Finance Corp. Ltd (PFC) and REC Ltd (REC) have approved a merger scheme that will combine India’s two leading government-backed power sector financiers into a single entity with a...
Post
CleanMax Raises $575 Million for 1 GW Renewable Push in Rajasthan and Karnataka
The fundraise will power renewable energy projects for digital‑age industries, particularly AI, cloud computing, and data centres, sectors rapidly emerging as key demand drivers in India’s clean energy transition. Clean Max Enviro Energy Solutions Ltd, India’s largest renewable energy solutions provider for the commercial and industrial (C&I) sector, has successfully raised around $575 million to...
Post
Bhutan, World Bank Seal $515 Million Pact for Dorjilung Hydropower
A PPP between state‑owned Druk Green Power Corp. and India’s Tata Power, the project is expected to lift Bhutan’s GDP by 2.4 per cent, generate jobs, and spur entrepreneurship across manufacturing, tourism, and small businesses. The Government of Bhutan and the World Bank have signed financing agreements worth $515 million for the 1,125 MW Dorjilung...
Post
India’s Infrastructure Investments to Surge 50% Despite Global Uncertainties: Crisil Ratings
Timely project execution will be crucial amid geopolitical uncertainties, and prudent leveraging by players will remain a key watchpoint, the advisory emphasised. India’s infrastructure growth story is set to sustain through FY2026‑27, with investments in key sectors such as roads, renewables, real estate, and emerging new‑age industries projected to rise by up to 50 per...
Post
CTS Roundtable Charts Tech-Led Roadmap for Construction
Ahead of the Construction Technology Show (Con Tech Show) 2026, industry leaders, technology innovators and academia came together in Mumbai to deliberate on how digitalisation, automation and industrialised construction can reshape the sector. The discussion made one thing clear: construction can no longer afford to treat technology as optional. Held on 12 March 2026 at...