India’s power sector digital backbone is moving into high gear, with monthly taskforce meetings set to drive the India Energy Stack (IES) project toward its July 2026 completion. The Ministry of Power convened the India Energy Stack (IES) taskforce on Monday to accelerate the development of India’s digital public infrastructure (DPI) for the power sector....
Tag: Ministry of Power
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Energy independence is absolute, thermal remains essential
With over thirty years in the power sector, Suresh Kumar Narang, CEO, Nabha Power Ltd, has witnessed India’s energy evolution first-hand. In an exclusive interaction with INFRASTRUCTURE TODAY’s Manish Pant, he explains that as the country ramps up investment in clean energy technologies through a calibrated strategy, thermal power will remain a vital link in...
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India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
While major global economies are advancing digitalised energy frameworks, the India Energy Stack may be the most ambitious attempt by any country to integrate public infrastructure at scale through a unified ‘stack’ architecture. Following the success of Aadhaar as a national identity card and UPI for digital payments, the government announced an India Energy Stack...
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REC Wins Leading CSR and Sustainability Award for Healthcare Support
REC, a Maharatna central public sector enterprise (CPSE) and a leading non-banking finance company under the Ministry of Power, has been conferred with the Corporate Social Responsibility & Sustainability Award 2024 in the category of ‘Excellence in Providing Support to Healthcare’ by the industry chamber ASSOCHAM. The award was presented during the sixth edition of the...
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REC Profit at ₹15,713 crore for FY25
REC RECOMMEDS FINAL DIVIDEND OF ₹ 2.60 PER SHARE The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the year ended March 31, 2025. Operational and Financial Highlights: Q4 FY25 vs Q4 FY24 (Standalone) – Disbursements: ₹45,538 crore Vs ₹39,374 crore, up by 16% – Net interest income: ₹5,876 crore Vs ₹4,263 crore,...
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Shri Jitendra Srivastava assumes charge as CMD, REC Limited
Shri Jitendra Srivastava, IAS, has assumed charge as Chairman & Managing Director (CMD) of REC Limited on 22nd April 2025. On 18th April 2025, the Appointments Committee of the Cabinet (ACC) appointed Shri Srivastava, who is an IAS from Bihar Cadre (2000 Batch), as the CMD of REC. This appointment has been made in the rank and...
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REC Limited Signs MoU with MMRDA for ₹1 Lakh Crore Investment in Mumbai Metropolitan Region (MMR)
REC Limited, a Maharatna CPSU under the Ministry of Power and a prominent NBFC, has entered into a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide financial support of ₹1 lakh crore for infrastructure development in the Mumbai Metropolitan Region (MMR). The agreement was formally signed by Shri. Harsh...
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REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
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,...
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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 wins Gold Shield in ICAI Award for Excellence in Financial Reporting for the Financial Year 2023-24
REC Limited, a Maharatna Public Sector Enterprise and a leading NBFC- IFC under the Ministry of Power, Government of India, has been awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’. The prestigious recognition reflects the commitment of...