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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 .

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 .

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, .

REC extends Rs 6,075 crore loan to Greenko
Power Generation - Sep 19,2023
Greenko, a renewable energy company, secured a Rs 6,075 crore loan from REC Limited for its 1,440-megawatt Standalone Pumped Storage Project. REC Ltd, designated a Maharatna Central Public Sector Ente .

REC to provide loan to Damodar Valley Corporation to establish 1,320 MW Thermal Power Project in Raghunathpur, West Bengal
Power Generation - Aug 28,2023
REC Limited, a Maharatna Central Public Sector Enterprise, is set to provide Damodar Valley Corporation (DVC) with a Rs. 4,527.68 crore loan for constructing a 1,320 MW thermal power project in Raghun .

Hero Future Energies inks Rs 6,200-cr MoUs for renewable energy projects
Power Generation - Jul 26,2023
Hero Future Energies (HFE) has signed two contracts with REC Ltd and PFC Ltd to develop green energy projects. The agreements, totaling Rs 6,200 crore, were signed during the 4th G20 Energy Transition .