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Tag: REC

Corporate

REC inks MoU with Bank of India to co-finance projects worth Rs 30,000 crore

October 19, 2023October 19, 2023 - by Editor

REC and BoI will partner to co-finance loans amounting to Rs 30,000 crore for projects implementable in 5 years.

REC inks MoU with Bank of India to co-finance projects worth Rs 30,000 crore Read More
Corporate

REC incorporates two subsidiary companies

October 6, 2023October 6, 2023 - by Editor

REC Limited has incorporated the wholly owned subsidiaries namely ‘Khavda IV C Power Transmission Limited’ and ‘Khavda IV – E2 Power Transmission Limited.

REC incorporates two subsidiary companies Read More
Corporate

CCI approves Lanco Amarkantak acquisition by REC, PFC, SJVN and DVC

October 3, 2023October 3, 2023 - by Editor

LAPL is an unlisted public limited company engaged in power generation in India. The planned capacity of the project, located in Chhattisgarh’s Korba district, is 1920 MW.

CCI approves Lanco Amarkantak acquisition by REC, PFC, SJVN and DVC Read More
Corporate

REC transfers entire stake of Ramgarh-II transmission to Power Grid

September 27, 2023September 27, 2023 - by Editor

The process for sale and transfer of the said SPV to the successful bidder(s) is expected to complete during the financial year 2023-24

REC transfers entire stake of Ramgarh-II transmission to Power Grid Read More
Corporate

REC and PNB sign MoU to co-finance Infrastructure projects

September 26, 2023September 26, 2023 - by Editor

REC and PNB will associate with each other to co-finance loans amounting to Rs 55,000 crore over the next three years.

REC and PNB sign MoU to co-finance Infrastructure projects Read More
Corporate

Serentica secures Rs 3000 crore from REC, completes debt funding for energy projects

September 25, 2023September 25, 2023 - by Editor

Serentica raised a total of INR ~5600 crores debt funding from two of the biggest public sector lenders – REC and PFC

Serentica secures Rs 3000 crore from REC, completes debt funding for energy projects Read More
Corporate

REC arm transfers entire shareholdings of Beawar Transmission to Sterlite Grid 27

September 20, 2023September 20, 2023 - by Editor

The stake was held by REC Power Development and Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, which was incorporated in July, 2007.

REC arm transfers entire shareholdings of Beawar Transmission to Sterlite Grid 27 Read More
Corporate

REC ties up debt funding of Rs 3081 crore to Serentica for solar-wind project in Karnataka

September 16, 2023September 16, 2023 - by Editor

REC ties up debt funding of Rs. 3081 crore to Serentica for 560 MW greenfield solar-wind project in Gadag, Karnataka

REC ties up debt funding of Rs 3081 crore to Serentica for solar-wind project in Karnataka Read More
Corporate

REC loan to Greenko for setting up 1,440 MW Pumped Storage Project

September 16, 2023September 16, 2023 - by Editor

The country’s premier NBFC-IFC is also in advanced discussions with Greenko and is poised to extend financial support for multiple clean energy projects.

REC loan to Greenko for setting up 1,440 MW Pumped Storage Project Read More
Corporate

REC Board approves sale, transfer of Beawar Transmission Limited to Sterlite Grid 27

August 29, 2023August 29, 2023 - by Editor

The process for sale and transfer of the said SPV to the successful bidder(s) is expected to complete during the financial year 2023-24, the company said.

REC Board approves sale, transfer of Beawar Transmission Limited to Sterlite Grid 27 Read More

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