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Daikin Partners with Rechi Precision to boost rotary compressor manufacturing

Manufacturing Dec 18,2024

Daikin Industries is forming a joint venture with Rechi Precision Co Ltd to manufacture rotary compressors for air conditioners. Daikin India will hold a 51% stake, and Rechi Precision will hold 49%.

RECPDCL hands Over Rajasthan-IV H-1 Power Transmission Limited to Power Grid Corporation

Infrastructure Oct 16,2024

REC Power Development and Consultancy Limited (RECPDCL) has handed over the Rajasthan-IV H-1 Power Transmission Limited project to Power Grid Corporation of India Limited (PGCIL) on October 15, 2024.

Rewa Airport gets DGCA nod; will become sixth in MP

Infrastructure Sep 16,2024

The Directorate General of Civil Aviation (DGCA) has granted an operating license to the new Rewa Airport in Madhya Pradesh's Vindhya region. This addition will enhance economic activity and regi

Biliti Electric invests Rs 400 crore in new manufacturing plant

Manufacturing 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

Power Generation 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

Power Generation 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

Power Generation 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

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