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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Building Material

08 Apr 2026

Jindal Aluminium Marks 56 Years of Industrial Leadership

Jindal Aluminium Limited has marked its 56th Inception Day, celebrating a legacy built on vision, resilience and manufacturing leadership. Founded in 1968 and incorporated in 1970 by Padma Bhushan Dr Sitaram Jindal, the company has grown into a major force in India’s downstream aluminium sector under the leadership of Pragun Jindal Khaitan.The company is India’s largest manufacturer of aluminium extruded products and the second-largest producer of aluminium flat-rolled products. With a turnover of around Rs 5,500 crore and a workforce of over 4,000, Jindal Aluminium continues to strengthen..

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..