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...

To read the full story, CLICK HERE.

Infrastructure Energy

15 Sep 2025

India’s Clean Energy Capacity Rises Over Three-Fold to 250 GW

India’s non-fossil fuel electricity generation capacity has surged more than three-fold, reaching the 250 GW mark from 81 GW in 2014, New & Renewable Energy Minister Pralhad Joshi said on Wednesday. The country is targeting 500 GW of renewable energy capacity by 2030.“India’s non-fossil installed capacity has witnessed an extraordinary rise from 81 GW before 2014 to 250 GW in 2025. This decade of consistent growth highlights the country’s strong commitment to clean, sustainable and renewable energy, laying a solid foundation for a greener future,” Joshi posted on the social media..

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..