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REC sanctions Rs 2,147.51 crore loan for 1000 MW Pakal Dul Hydro Electric Project
Power Generation - Feb 12,2025
REC has signed a Rs 2,147.51 crore term loan agreement with Chenab Valley Power Project Limited (CVPPL) for the 1000MW Pakal Dul Hydro Electric Project in Jammu & Kashmir. The project, costing Rs 12,6 .

Daikin Partners with Rechi Precision to boost rotary compressor manufacturing
Manufacturing - Dec 18,2024
Daikin Industries is forming a joint venture with Rechi Precision Co Ltd to manufacture rotary compressors for air conditioners. Daikin India will hold a 51% stake, and Rechi Precision will hold 49%. .

RECPDCL hands Over Rajasthan-IV H-1 Power Transmission Limited to Power Grid Corporation
Infrastructure - Oct 16,2024
REC Power Development and Consultancy Limited (RECPDCL) has handed over the Rajasthan-IV H-1 Power Transmission Limited project to Power Grid Corporation of India Limited (PGCIL) on October 15, 2024. .

Rewa Airport gets DGCA nod; will become sixth in MP
Infrastructure - Sep 16,2024
The Directorate General of Civil Aviation (DGCA) has granted an operating license to the new Rewa Airport in Madhya Pradesh's Vindhya region. This addition will enhance economic activity and regi .

Biliti Electric invests Rs 400 crore in new manufacturing plant
Manufacturing - Mar 14,2024
Biliti Electric, an electric mobility firm, commences construction of a new manufacturing plant in Hyderabad, investing Rs 400 crore ($5.6 billion). The facility aims to produce over 2,000 electric th .

REC, DVC ink Rs 588-crore deals for tubed coal mine development in Damodar valley region
Power Generation - Feb 16,2024
REC Ltd signed Rs 588 crore agreements with Damodar Valley Corporation (DVC) for tubed coal mine development in the region. The agreements encompass term loan, escrow, and hypothecation deeds, aiming .

RECPDCL hands over 5 SPVs to successful bidders
Power Generation - Feb 12,2024
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, facilitated the formation of Special Purpose Vehicles (SPVs) for Inter State Transmission Projects. Successful bid .

IndiGrid secures two transmission projects with over Rs 1,000 cr capex
Power Generation - Jan 03,2024
India Grid, an infrastructure investment trust (InvIT), secured two inter-state transmission projects worth over Rs 1,000 crore. REC Power Development and Consultancy Limited awarded the projects thro .