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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, .

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 .

PepsiCo announced a Rs 778 crore investment in its first food production unit in Nalbari, Assam.
Food Processing - Sep 10,2023
PepsiCo has revealed plans to invest Rs 778 crore in its inaugural food production facility located in Nalbari, Assam. This marks a significant commitment to expanding its presence in the region and u .

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 .

RecycleKaro to invest Rs 100 crore to establish Nickel plant in Maharashtra
Automotive Industries - Aug 25,2023
RecycleKaro, a lithium-ion battery recycling company, has unveiled a plan to invest Rs 100 crore in constructing a nickel plant in Maharashtra, capable of producing 1,200 tonnes of nickel annually. Th .

Odisha government approves ninenew projects worth Rs 873.57 crore
Petroleum - Aug 22,2023
The Odisha government has greenlit nine new industrial projects worth Rs. 873.57 crore. These projects, spread across various districts, are anticipated to generate over 2,500 jobs and boost the state .

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