In Short : REC has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to invest ₹3 lakh crore in various energy projects. This partnership aims to enhance the state’s infrastructure and boost renewable energy initiatives, contributing to Rajasthan’s energy transition and supporting India’s broader sustainability goals. The investment is expected to create […]
REC Signs MoUs with Renewable Energy Firms for ₹1.12 Lakh Crore Projects – EQ
In Short : REC (Rural Electrification Corporation) has signed Memorandums of Understanding (MoUs) with various renewable energy companies to support projects worth ₹1.12 lakh crore. These agreements aim to accelerate the development of renewable energy projects, including solar, wind, and hybrid energy, and boost India’s green energy capacity. This initiative is part of REC’s efforts […]
Rural Electrification Corporation Limited Issue Tender for financing of Project Adani Solar Energy RJ Two Private Limited for setting up 150 MW Solar Power Plant at Jodhpur Rajasthan – EQ
Rural Electrification Corporation Limited Issue Tender for financing of Project Adani Solar Energy RJ Two Private Limited for setting up 150 MW Solar Power Plant at Jodhpur Rajasthan For more information please see below link:
REC Secures $200 Million Green Loan from Deutsche Bank – EQ
In Short : REC secures a $200 million green loan from Deutsche Bank. This funding will support REC’s renewable energy projects, promoting sustainable development and contributing to India’s green energy goals. In Detail : This facility marks the first successful collaboration between an Indian government entity and Deutsche Bank AG’s GIFT City branch, setting a […]
REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ
In Short : REC’s loan sanctions surged 24% to ₹1.12 lakh crore in Q1, with ₹40,000 crore allocated for renewable energy projects. This growth highlights REC’s focus on supporting India’s renewable energy sector and infrastructure development. In Detail : REC Ltd’s loan sanctions grew 24.17% to Rs 1.12 lakh crore in Q1 FY25, with Rs […]
REC plans to raise up to Rs 6,000 crore through two bonds – EQ
In Short : REC intends to raise up to Rs 6,000 crore through two bonds on Friday. This strategic move aims to secure capital for further expansion and investment opportunities, strengthening REC’s position in the energy finance sector. In Detail : The company has invited bids for the same on Friday. The NCDs have been […]
REC gets RBI nod to set up subsidiary in GIFT City, Gujarat – EQ
In Short : REC has received approval from the RBI to establish a subsidiary in GIFT City, Gujarat. This move aligns with efforts to expand operations and investment opportunities in the region, fostering economic growth and development in Gujarat’s financial hub. In Detail : REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry […]
REC Ltd Secures Japanese Green Loan – EQ
In Short – REC Ltd successfully secures a Japanese Green Loan, furthering its commitment to sustainable financing. This landmark achievement signifies REC Ltd’s dedication to environmentally responsible initiatives and strengthens its position in the global green finance landscape. In Details – REC Ltd, a Maharatna Central Public Sector Enterprise (CPSE) and leading Non-Banking Financial Company […]
REC wins SKOCH ESG Award 2024 in Renewable Energy Financing Category – EQ
REC wins SKOCH ESG Award 2024 in Renewable Energy Financing Category In Short – REC has been honored with the SKOCH ESG Award 2024 in the Renewable Energy Financing category. This recognition underscores REC’s commitment to environmental, social, and governance (ESG) principles while financing renewable energy projects. Such accolades reinforce REC’s leadership in sustainable financing, […]
REC receives ‘Innovative Technology Development Award’ at IIT Madras CSR Summit for its 2 MW Rooftop Solar Plant at IIT – EQ
In Short : REC (Rural Electrification Corporation) has been honored with the ‘Innovative Technology Development Award’ at the IIT Madras CSR Summit for its 2 MW Rooftop Solar Plant at IIT. This recognition highlights REC’s innovative contributions to technology development in the renewable energy sector, particularly in the implementation of a significant rooftop solar project […]