In Short : REC Limited has received approval from the Central Board of Direct Taxes (CBDT) to issue ₹5,000 crore zero coupon bonds with a tenure of 10.5 years, to be issued by March 31, 2027. These bonds, offered at a discount, provide tax benefits and attract long-term investors. This move supports REC’s efforts to […]
REC Successfully Raises Rs 5,635 Crore Through Private Placement of Bonds – EQ
In Short : REC Limited raised ₹5,635 crore through private bond placements, with tranches of ₹3,000 crore (2 years, 8 months) at 6.52% and ₹2,635 crore (10 years, 11 months) at 6.81%. Rated “AAA” by top agencies, the bonds will be listed on BSE and NSE. The funds will support REC’s power sector infrastructure projects […]
REC to provide Rs 2.5 trn finance for renewable energy projects till 2030 – EQ
In Short : REC Limited plans to finance ₹2.5 trillion for renewable energy projects by 2030, boosting its portfolio to support India’s clean energy transition. The company aims to increase its renewable energy exposure from 8% to 30% by funding solar, wind, hybrid, and emerging technologies like green hydrogen. This initiative aligns with India’s goal […]
REC signs MoU with Kerala Govt for pumped storage projects worth Rs 18,360 crore – EQ
In Short : REC Limited has signed a Memorandum of Understanding (MoU) with the Kerala government to develop pumped storage projects worth **Rs 18,360 crore**. These projects aim to enhance renewable energy storage and stabilize the power grid. The initiative aligns with India’s renewable energy goals and supports Kerala’s efforts to boost clean energy infrastructure […]
IEX reports 16% YoY growth in Jan electricity trade, REC market hits record high – EQ
In Short : Indian Energy Exchange (IEX) reported a 16% year-on-year growth in electricity trade for January, reflecting increased demand for power. Additionally, the Renewable Energy Certificate (REC) market reached a record high, driven by rising compliance and sustainability commitments. The surge highlights growing reliance on energy trading platforms and the expanding role of renewables […]
REC issue Tender for Setting up of Grid Connected 1 MW Ground Mounted Solar PV Plant with Arrangement of Land And STU Connectivity – EQ
REC issue Tender for Setting up of Grid Connected 1 MW Ground Mounted Solar PV Plant with Arrangement of Land And STU Connectivity For more information please see below link:
REC signs MoU with Govt. of Rajasthan for Rs. 3 Lac Crore – EQ
In Short : REC has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to invest ₹3 lakh crore in various energy projects. This partnership aims to enhance the state’s infrastructure and boost renewable energy initiatives, contributing to Rajasthan’s energy transition and supporting India’s broader sustainability goals. The investment is expected to create […]
REC Signs MoUs with Renewable Energy Firms for ₹1.12 Lakh Crore Projects – EQ
In Short : REC (Rural Electrification Corporation) has signed Memorandums of Understanding (MoUs) with various renewable energy companies to support projects worth ₹1.12 lakh crore. These agreements aim to accelerate the development of renewable energy projects, including solar, wind, and hybrid energy, and boost India’s green energy capacity. This initiative is part of REC’s efforts […]
Rural Electrification Corporation Limited Issue Tender for financing of Project Adani Solar Energy RJ Two Private Limited for setting up 150 MW Solar Power Plant at Jodhpur Rajasthan – EQ
Rural Electrification Corporation Limited Issue Tender for financing of Project Adani Solar Energy RJ Two Private Limited for setting up 150 MW Solar Power Plant at Jodhpur Rajasthan For more information please see below link:
REC Secures $200 Million Green Loan from Deutsche Bank – EQ
In Short : REC secures a $200 million green loan from Deutsche Bank. This funding will support REC’s renewable energy projects, promoting sustainable development and contributing to India’s green energy goals. In Detail : This facility marks the first successful collaboration between an Indian government entity and Deutsche Bank AG’s GIFT City branch, setting a […]