1. Home
  2. Tag "REC"

REC Declares Its Quarterly Financial Results For Q1 FY22

The Board of Directors of REC Limited approved the unaudited standalone and consolidated financial results for Q1 FY22 today. Financial Highlights – Q1 FY22 vs Q1 FY21 (Standalone) Total Income – Rs. 9,592 crores vs. Rs. 8,110 crores, up 18% Net Profit – Rs. 2,247 crores vs. Rs. 1,839 crores, up 22% During Q1 FY22, […]

IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ

LG Pledges Transition To 100 Percent Renewable Energy By 2050

Commitment Expands on Zero Carbon 2030 Initiative. SEOUL, South Korea : LG Electronics Inc. made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The announcement in the just released LG Electronics Sustainability Report comes on top of its earlier commitment to carbon neutrality through […]

Hydrogen subsidies | Australian solar-to-methanol project secures €24m grant — with half coming from Germany -EQ

Cabinet Approves Revamped Distribution Sector Scheme: A Reforms Based And Results Linked Scheme

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved a Reforms-based and Results-linked, Revamped Distribution Sector Scheme. The Scheme seeks to improve the operational efficiencies and financial sustainability of all DISCOMs/ Power Departments excluding Private Sector DISCOMs by providing conditional financial assistance to DISCOMs for strengthening of supply infrastructure. The assistance […]

Budget 2024 must further India’s clean energy goals. Climate change is an economic problem – EQ

India’s Commitment to Promote Renewable Energy

Proposes to revamp the Renewable Energy Certificate (REC) Mechanism Ministry of Power has circulated a Discussion paper on redesigning the Renewable Energy Certificate (REC) Mechanism for comments of stakeholders in power sector today. Discussion paper on the requirement of redesigning the REC Mechanism has been prepared in order to align it with the emerging changes […]

Budget 2024 must further India’s clean energy goals. Climate change is an economic problem – EQ

REC Subsidiary RECPDCL Hands Over 2 SPVs to Power Grid

The selection of Power Grid Corporation was carried out through Tariff Based Competitive Bidding (TBCB) for selection of Transmission Developers. New Delhi: REC Power Distribution Company Limited (RECPDCL), a wholly owned subsidiary of REC Limited under Ministry of Power, has handed over two projects specific Special Purpose Vehicles (SPVs) ‘Fatehgarh Bhadla Transco Limited’ & ‘Sikar […]

Budget 2024 must further India’s clean energy goals. Climate change is an economic problem – EQ