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rec?page=2 News & Updates - July 23, 2024


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 .


Sona Comstar to invest Rs 100 crore in Chennai facility
Automotive Industries   -  Jul 31,2023
Sona BLW Precision Forgings (Sona Comstar), a leading automotive technology provider, plans to invest Rs 99.7 crore to expand its Chennai facility's production capacity of EV traction motors and .


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 .


REC to lend Rs 4,785 crore for refinery project in Rajasthan
Petroleum   -  Jul 05,2023
REC Limited will lend HRRL (a partnership between Hindustan Petroleum Corporation Ltd. and the Rajasthan government) Rs 4,785 crore for their project in Barmer, Rajasthan. HRRL is establishing a green .



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