REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed an MoU with the Energy Management Centre (EMC), Government of Kerala, for collaboration and financing of Pumped Storage Projects (PSP) in Kerala. The MoU was signed during the Global Green Hydrogen & Renewable Energy Summit 2025. Under this agreement,...
Category: Power & New and Renewable Energy
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REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 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 ₹2147.508 crore (Rupees Two Thousand One Hundred Forty-Seven Crore & Fifty Lakh Eighty Thousand only). The loan will be utilized for the development and...
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REC Declares 3rd Interim Dividend of ₹4.30 per share; Net Profit up 23% to ₹4,029 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: ₹4,029 crore Vs ₹3,269 crore, up by 23% – Net interest income: ₹4,930 crore...
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REC Limited Commits ₹8.44Crore Under CSR to support 1MW solar photovoltaic power plant in the Gandhigram Rural Institute, Tamil Nadu
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...
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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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India’s Green Dreams: An Infinite Horizon
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...
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Tata Power activates EV charging on Chandigarh-Shimla highway
The strategically positioned EZ charge stations at Hotel Falcon Crest on the Chandigarh-Shimla Highway around Kandaghat and The Oberoi Cecil, Chaura Maidan Road near Shimla, enhances the feasibility of EV travel on the route. The first charging point for EVs is 83 km from Chandigarh to Hotel Falcon Crest and the other charging point is...
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Irish company markets its boat with deck made from solar panels
Waterways Industrial, a start-up company based in Northern Ireland, has come up with a solar-powered Gridbeater Amphibian boat. The solar-powered vessel never runs out of fuel because it is propelled by a lightweight electric outboard motor powered by solar panels. Richard Bell of Waterways Industrial, who has been working in the solar industry since 2008,...
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Rs.24 trillion needed for India’s tripling of renewables by 2030: Report
In dia has announced its plans to reach 450 GW of renewable installed capacity by 2030, over three times the current capacity of about 135 GW. But highlighting the challenges in effecting such a transition, a new report by Ember, a UK-based independent think-tank focussed on climate affairs, has found that India would need an...