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Public Sector
REC commits ₹40,000 Crore for two Green Hydrogen and conventional projects in Odisha
Gurugram: REC Limited marked a significant milestone by signing three MoUs totalling ₹40,358 Crores to support and finance various projects in the vibrant state of Odisha. The signing ceremony took place in the presence of distinguished…
REC inks MoU with NICSI for IoT, Machine Learning Blockchain and Cyber Sefety
Gurugram: REC, a Maharatna under Ministry of Power has signed a Memorandum of Understanding (MoU) with National Informatics Centre Services Inc. (NICSI) under Ministry of Electronics & Information Technology (MEIT), for various…
BSNL sets up first-ever BTS on world’s highest battlefield Siachen Glacier
A base transceiver station (BTS) is a fixed radio transceiver in any mobile network. The BTS connects mobile devices to the network.
REC Limited conferred with the ‘Best Central PSU’ Award
Gurugram: REC Limited, a Maharatna CPSE under the Ministry of Power, has been conferred with the 'Best Central PSU' award in the Financial Services category at the Dun & Bradstreet PSU Awards 2023. The award was received by Executive…
Seven sectoral group of secretaries submit inputs for PM’s Vision 2047
SGoS have been created for sectors like research and development in science and technology, finance and economy, health, social justice and development, green and renewable energy.
REC launches its 54EC Bonds Mobile App – ‘SUGAM REC’
Gurugram: REC Limited, a power sector Maharatna enterprise, has launched a mobile application 'SUGAM REC' developed exclusively for REC's Capital Gain Tax Exemption Bonds under 54EC. The application shall provide an ease to the existing as…
PFC Forays into funding of Airport projects, sanctions Rs. 15,000 cr.
Shillong: Power sector Maharatna enterprise PFC in a Board Meeting held today in Shillong, capital of Meghalaya, reaffirmed its commitment towards developing the power sector of the North East India. PFC sanctioned loans amounting to…
PFC Consulting transfers two Project SPVs to PGCIL
New Delhi: ‘PFC Consulting Limited’, a wholly owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred Two transmission projects specific Special Purpose Vehicles (SPVs) namely ‘Ananthpuram Kurnool…
REC signs MoU with PNB to co-finance Infra and Logistic projects
REC and PNB to co-finance Infrastructure Projects debts amounting to Rs. 55,000 crore over next three years
500 GW renewable energy target by 2030: Minister RK Singh
The minister said India’s energy transition program is at the top in the world.
ATF report 2023 on Climate Initiatives mulls path for Net-zero Carbon targets
New Delhi: Public sector enterprise Power Finance Corporation (PFC) has shared the new report from the Asia Transition Finance (ATF) Study Group, where PFC has been a core member since July, 2023.
The ATF Study Group, a private-led…
17th Global Communication Conclave Explores Trust in the Digital Age
New Delhi: The 17th Global Communication Conclave, organized by the Public Relations Council of India (PRCI), in association with the Public Relations Society Delhi (PRSD), successfully unfolded on September 21st and 22nd at New Delhi .This…
Kharbanda of Divya Himachal among 78 Comm. professionals decorated with PRCI Excellence Awards
New Delhi: The national capital Delhi witnessed a two-day high profile congregation, 17th Global Communication Conclave on Communication, PR and Media practices, ethics, latest communication and Pubic Relations updates. Latest technology…
Welfare measures for LIC employees, agents announced
Another important change is the eligibility of reappointed agents to receive renewal commission.
REC arm RECPDCL hands over SPV ‘Beawar Transmission to Sterlite Grid 27 Ltd
New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Maharatna CPSU under the aegis of the Ministry of Power, handed over the project-specific SPV (Special Purpose…
PFC and SJVN sign MoU worth ₹ 1,18,826 Cr funds for Renewable Energy and Thermal Projects
New Delhi: PFC and SJVN Ltd. have signed an MoU for providing financial support to various projects, including massive Renewable Energy ventures (Solar, Hydro, and Pumped Storage) totaling 12,178 MW capacity, along with a 660 MW thermal…
REC extends Rs. 6,075 Cr to Greenko and 3,081 Cr for Serentica as Green Transition Financing
Gurugram: REC Limited has sanctioned Rs. 6,075 Crore to Greenko for erection of 1440 MW Standalone Pumped Storage Project in Madhya Pradesh according to a company press note.
The country’s premier NBFC-IFC is also in advanced discussions…
REC signs MoU with PFC for FYs 2023-24 & 2024-25
New Delhi: REC Limited signed MoU with PFC as per the DPE Performance Evaluation System for FYs 2023-24 and 2024-25 for CPSEs last Friday.
CMD, REC Mr. Vivek Kumar Dewangan signed the MoU for the FYs 2023-24 and 2024-25 with CMD, PFC…
PFC inks MoA with MSEDCL for counterpart loan funding of Rs. 5,260 Cr for RDSS
New Delhi/Mumbai: Power sector Maharatna enterprise, Power Finance Corporation Ltd has signed a Memorandum of Agreement (MoA) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL), one of the largest power distribution…
REC to provide Rs 4,527.68 cr. loan for DVC’s 1,320 MW project in WB
New Delhi/Raghunathpur: REC Limited has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide Rs 4,527.68 crore loan to set up a 1,320 MW project (2x660 MW) at Raghunathpur in West Bengal, according to…
