In Short : REC (Rural Electrification Corporation), a leading public sector financial institution in India, has pledged to invest over Rs 40,000 crore in various projects in Odisha. This commitment reflects REC’s dedication to supporting the state’s development initiatives, particularly in the renewable energy sector. The funds will likely be allocated to renewable energy projects, […]
REC to finance 2 green hydrogen, thermal project worth Rs 40,000 crore – EQ
In Short : REC Limited, a leading Indian public sector financial institution, has announced plans to finance two major green hydrogen and thermal projects with a combined worth of Rs 40,000 crore. This significant investment underscores India’s commitment to the green energy transition and the development of clean technologies. The financing will likely support the […]
REC inks MoU with NICSI for ICT and Digital Transformation – EQ
The REC (formerly Rural Electrification Corporation Limited) – a ‘Maharatna’ company under the the Ministry of Power, has signed a Memorandum of Understanding (MoU) with M/s National Informatics Centre Services Inc. (NICSI) under National Informatics Centre (NIC), Ministry of Electronics & Information Technology, Government of India for various Information & Communications Technology (ICT) and Digital […]
REC launches ‘SUGAM REC’, a mobile app for 54EC Bonds Investors – EQ
REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has launched a mobile application, exclusively for current and future investors in REC’s 54EC Capital Gain Tax Exemption Bonds. Named ‘SUGAM REC’, the mobile app will offer investors with complete details of their investment in REC 54EC Bonds. Investors will be able […]
REC sanctions Rs 6,075 cr for Greenko’s 1440 MW pumped storage project – EQ
NEW DELHI : REC Limited has sanctioned a Rs 6,075 crore loan to renewable energy company Greenko for setting up a 1,440-megawatt Standalone Pumped Storage Project. REC Ltd is a Maharatna Central Public Sector Enterprise under the Union Ministry of Power. Established in 1969, REC Limited is an NBFC focusing on power sector financing and […]
REC Approves Rs 3,081 Crore for Serentica’s Solar-Wind Project in Karnataka – EQ
New Delhi [India] : REC Limited has sanctioned debt funding worth Rs 3,081 crore to renewable energy company Serentica Renewables for its 560 MW peak greenfield solar-wind hybrid project in Gadag in Karnataka. REC Ltd is a Maharatna Central Public Sector Enterprise under the Union Ministry of Power. Established in 1969, REC Limited is an […]
REC signs USD 100 million Foreign Currency Term Loan Agreement with EXIM Bank – EQ
REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has signed a Foreign Currency Term Loan Agreement for USD 100 Million, with Export Import Bank of India (EXIM Bank). The proceeds of the loan will be used towards refinance for on-lending to REC’s borrowers in power, infrastructure and logistics sectors for […]
REC to provide Rs 45.27 B Loan for West Bengal power project – EQ
REC Limited has partnered with Damodar Valley Corporation (DVC) to provide a loan of Rs 45.27 billion for a 1,320 MW project (2×660 MW) at Raghunathpur in West Bengal. The collaborative Raghunathpur Phase-II project between REC and DVC will significantly contribute to West Bengal’s power generation capacity. With a combined capacity of 1,320 MW, this […]
REC to provide loan to Damodar Valley Corporation for setting up 1,320 MW Thermal Power Project in Raghunathpur, West Bengal – EQ
REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has entered into a pact with Damodar Valley Corporation (DVC), under which REC will provide a loan of Rs. 4,527.68 crore to DVC for setting up a 1,320 MW thermal power project (2×660 MW) at Raghunathpur in West Bengal. The Raghunathpur Thermal […]
SJVN, a prominent company, makes noteworthy progress with multiple achievements: signing a Memorandum of Understanding (MoU) with REC – EQ Mag
The state-owned power generation company, SVJN Ltd, has announced in three separate exchange filings that it has signed an MoU with REC, has received approval from its board to acquire an additional stake in Cross Border Power Transmission Company, and its subsidiary SJVN Green Energy has received an LOI from Punjab State Power Corporation. SJVN […]