Raising awareness about green bonds is crucial to attract investors

25 Jun 2024 CW Team

REC, which has been bestowed with the SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category, has been mandated with deepening India’s infrastructure investments pipeline. As a significant player in India's clean energy transition, it anticipates a substantial expansion in its renewable energy portfolio with projections indicating growth to 10 times its present value and reaching over Rs 3 trillion by 2030. To learn how many green energy (solar, wind, green ammonia, green hydrogen, etc) projects have been financed to date, whether there is a need to give transmission the same benefits as green finance and gain an insight into which industry segments will see maximum growth in 2024, R SRINIVASAN spoke to Vivek Kumar Dewangan, Chairman and Managing Director (CMD), REC. Excerpts:

You have received many accolades, including awards for the Most Sustainable Maharatna Leader and Most Promising Business Leaders of Asia. What course correction has REC undertaken since you took over?
After joining REC in May 2022, the focus was on a new business strategy of a shift towards renewable energy (RE). REC's commitment to renewables is evident in the massive 533 per cent year-on-year growth in sanctions of FY24 for RE projects...

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Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..