REC Limited has secured JPY 31.96 billion (equivalent to $200 million) in green loan to fund eligible green projects in India. This green loan marks the first successful collaboration between an Indian government entity and […]
REC Limited has received a no objection certificate from the Reserve Bank of India (RBI), for setting up a wholly owned subsidiary in International Financial Services Centre, Gujarat International Finance Tec-City (GIFT), Gandhinagar, Gujarat. The […]
REC Limited has secured green loan totaling JPY 60.536 billion from SACE to support eligible green projects across the country. SACE, Italy, an innovative export credit agency, offers an 80 per cent guarantee to the […]
REC Limited and Chenab Valley Power Project Private Limited (CVPPPL) have entered into an agreement to provide financial support through a term loan of Rs 18.69 billion. The loan will be used to develop, build, […]
REC Limited and Chenab Valley Power Project Private Limited (CVPPPL) have entered into an agreement to provide financial support through a term loan of Rs 18.69 billion. The loan will be used to develop, build, […]
REC Limited and the National Investment and Infrastructure Fund Limited (NIIFL) have entered into a MoU to work together on a range of financing options for both renewable energy projects and extensive infrastructure projects in […]
REC Limited declared a successful fundraising of approximately Rs 35 billion through the green bonds’ issuance. Under its global medium-term notes programme of $10 billion, the company issued its first set of green bonds totaling […]
REC Limited has signed agreements to fund two green hydrogen and thermal power projects. The projects will be situated in Odisha. For this, REC and Odisha Power Generation Corporation Limited have signed MoUs to fund Rs […]
Avaada Group has signed a MoU with REC Limited for financing its energy transition projects in Odisha. As a part of the MoU, Avaada Group will receive the funding support of Rs 150 billion from […]
A MoU has been signed between REC Limited and the Punjab National Bank to look together for the possibility of financing projects in the infrastructure and logistics sector and power sector as a part of […]
Serentica Renewables has successfully secured Rs 30 billion from REC Limited in debt funding. The assistance from REC Limited is anticipated to help Serentica Renewables in the development of its upcoming hybrid clean energy projects. The […]
REC Limited has extended Rs 60.75 billion to Greenko for development of 1,440 MW standalone pumped storage projects (PSPs). A number of clean energy projects will also receive financial support from REC Limited and are […]
REC Limited has extended Rs 30.81 billion financing to Serentica Renewables for its greenfield solar-wind hybrid project of capacity 560 MWp. The project is located in Gadag district, Karnataka. The loan agreement has been signed, […]
In the recent 54th annual general meeting of REC Limited, the company announced its commitment to boost its current green project’s loan portfolio by more than 10 times, equaling Rs 3,000 billion by 2030. This […]
Apraava Energy has signed a MoU with REC Limited and Power Finance Corporation Limited to raise Rs 91.2 billion for its transmission, wind and advanced metering infrastructure projects in India. The MoUs were signed at […]
PMI Electro Mobility, an electric commercial vehicles manufacturer announced signing a memorandum of understanding (MoU) with REC Limited. For the next five years, the company will receive funding of Rs 4.8 billion from REC Limited […]
Hero Future Energies Private Limited (HFE) announced signing a memorandum of understanding (MoU) with REC Limited and PFC Limited to develop green energy projects. HFE will receive Rs 31 billion from PFC Limited and REC […]
During the 14th Clean Energy Ministerial meeting in Goa, ReNew Energy Global Plc (ReNew) inked Memorandums of Understanding (MoUs) totalling Rs 640 billion with REC Limited and Power Finance Corporation Limited (PFC Limited) for green […]
Formed in 1969, REC Limited’s role has transformed significantly from a provider of agricultural pump sets for optimised irrigation to a provider of financial assistance to the power sector across the generation, transmission and distribution […]
Gurugram, 17th May, 2023: The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2023. Operational and Financial Highlights – 12M […]
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