REC and PFC signs MoU for the fiscal year 2022-23

05 Dec 2022 CW Team

According to the DPE Performance Evaluation System for FY 2022–23 for CPSEs, REC signed an MoU with PFC on November 29, 2022. In the presence of Ajoy Choudhury, Director (Finance); V K Singh, Director (Technical); Manoj Sharma, Director (Commercial); RR Jha, Director (Projects); T S C Bosh, Executive Director, and other senior officials from REC & PFC, Vivek Kumar Dewangan, CMD, REC signed the MoU with Ravinder Singh Dhillon, CMD.

REC is an NBFC focusing on power sector financing and development across India. Established in 1969, REC has completed over fifty years in the area of its operations. It provides financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities. Its business activities involve financing projects in the complete power sector value chain; for various types of projects including generation, transmission, distribution and renewable energy. Recently, REC has also diversified into non-power infrastructure & logistics sector to cover areas such as airports, metro, railways, ports, bridges, etc.

Also read:
NITI Aayog endorses CCUS policy for carbon capture
Rs 1 billion worth development works begin in Ratlam

Infrastructure Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..