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 Transport

19 Sep 2025

Maharashtra Approves Rs 9.31 Bn for Bhandara–Gadchiroli Expressway

The Maharashtra cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the revised design and funding of Rs 9.31 billion for the Bhandara–Gadchiroli controlled access expressway, a project expected to enhance connectivity across Vidarbha.The 94.2 km expressway, to be implemented by the Maharashtra State Road Development Corporation (MSRDC), will cut the Bhandara–Gadchiroli distance by 23 km and reduce travel time to 1.5 hours. Of the sanctioned funds, Rs 5.34 billion has been earmarked for project work and Rs 3.96 billion for interest, with land acquisition to begin shortly.The..

Waaree Energies to Offload 14.66% Stake in Indosolar via OFS

Waaree Energies, promoter of Indosolar, will sell up to 61 lakh equity shares, representing 14.66 per cent of Indosolar’s paid-up capital, through an Offer for Sale (OFS) on stock exchanges. The move is aimed at meeting SEBI’s minimum public shareholding (MPS) norms.The OFS will open for non-retail investors on September 18 (T-day), followed by retail investors on September 19 (T+1 day), through a dedicated trading window. Each share carries a face value of Rs 10.Antique Stock Broking has been appointed as the seller’s broker to manage the transaction, ensuring compliance and transparenc..

Gujarat Adds 6,632 MW Renewable Capacity in 2025

Gujarat has added 6,632 MW of renewable energy capacity between April and August 2025, taking its total installed capacity to 39,275.7 MW.The surge is driven by large-scale solar parks, hybrid solar-wind projects, and enhanced transmission infrastructure, further cementing Gujarat’s position as a renewable energy leader.Officials said the expansion supports the state’s sustainable energy goals while strengthening grid reliability and ensuring long-term energy security.News source: Bharat Aawaz ..