In Short : The Centre has constituted a high-level panel to oversee the proposed merger of Power Finance Corporation and REC Limited. The move aims to create a stronger, unified power sector financing entity capable of supporting India’s expanding renewable energy, transmission, and infrastructure needs while improving operational efficiency, capital allocation, and financial strength. In […]
REC Establishes New Subsidiary for Maharashtra Intra-State Transmission Project – EQ
In Short : REC has formed a new subsidiary to implement an intra-state transmission project in Maharashtra, strengthening power infrastructure development in the state. The move aims to enhance grid capacity, improve electricity reliability, and support growing demand from renewable energy integration. The project aligns with broader efforts to modernise transmission networks and ensure efficient […]
REC Gets CBDT Nod To Issue Rs 5,000 Crore Zero Coupon Bonds – EQ
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 […]