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REC to provide Rs 1,869-crore financial assistance for Kiru hydro project in J&K
Power Generation - Apr 25,2024
REC will provide a Rs 1,869 crore term loan for the 624 MW Kiru Hydro Electric Project in Jammu & Kashmir, managed by Chenab Valley Power Project (CVPPPL). The project on Chenab river includes a 135 .

Biliti Electric invests Rs 400 crore in new manufacturing plant
Automotive Industries - Mar 14,2024
Biliti Electric, an electric mobility firm, commences construction of a new manufacturing plant in Hyderabad, investing Rs 400 crore ($5.6 billion). The facility aims to produce over 2,000 electric th .

REC, DVC ink Rs 588-crore deals for tubed coal mine development in Damodar valley region
Infrastructure - Feb 16,2024
REC Ltd signed Rs 588 crore agreements with Damodar Valley Corporation (DVC) for tubed coal mine development in the region. The agreements encompass term loan, escrow, and hypothecation deeds, aiming .

RECPDCL hands over 5 SPVs to successful bidders
Automotive Industries - Feb 12,2024
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, facilitated the formation of Special Purpose Vehicles (SPVs) for Inter State Transmission Projects. Successful bid .

IndiGrid secures two transmission projects with over Rs 1,000 cr capex
Infrastructure - Jan 03,2024
India Grid, an infrastructure investment trust (InvIT), secured two inter-state transmission projects worth over Rs 1,000 crore. REC Power Development and Consultancy Limited awarded the projects thro .

Avaada group, REC sign MoU for green hydrogen hub in Odisha
Chemicals - Oct 17,2023
A MoU between Avaada Group and state-run REC promises ₹15,000 crore investment in a green hydrogen and ammonia hub in Gopalpur, Odisha, enhancing the state's renewable energy sector. Another de .

Kaynes Technology factory to employ around 2,000 people directly
Manufacturing - Oct 07,2023
Kaynes Technology plans to establish an outsourced semiconductor assembly and test (OSAT) and compound semiconductor plant in Telangana, a significant development for India's semiconductor indu .

REC and PNB sign MoU to co-finance Infrastructure Project Debts
Power Generation - Sep 29,2023
REC Limited and Punjab National Bank (PNB) have entered an MoU to jointly fund projects in the Power and Infrastructure & Logistics sectors through a consortium arrangement. Over the next three years, .

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