REC CMDs views coincide with ICF theme of infrastructure funding and nationbuilding
POWER & RENEWABLE ENERGY

REC CMDs views coincide with ICF theme of infrastructure funding and nationbuilding

New Delhi, 12 October 2023 — At a point of time when the construction and infrastructure industries are witnessing unprecedented growth, the eagerly awaited 9th India Construction Festival is being held at Shangri La, New Delhi, on 12th October 2023. The grand event was organised by First Construction Council in collaboration with Construction World and Equipment India magazines. The event has three interesting elements - 13th India Roads Conference, 11th Equipment India Awards and 21st CW Global awards.

In view of the critical event and at this juncture where infrastructure funding is taking centrestage, Vivek Kumar Dewangan, Chairman and Managing Director, REC, said, "After becoming a Maharatna company in 2022, the Ministry of Power allowed us to diversify into non-power infrastructure and logistics wherein we've been allowed to diversify up to one- third of our loan book into non-power sectors. In the current fiscal year, we are targeting sanctions of about Rs 1-1.25 trillion in these new areas including roads, highways, airports, and metropolitan railway projects among others. We are committed to nation-building and funding India's growth story.

For further information and inquiries, please contact:

First Construction Council
Contact E-mail: Info@FirstConstructionCouncil.com
Contact Number: 8291995574

Don't miss the chance to be a part of India's infrastructure transformation.
For more information, visit [www.FirstConstructionCouncil.com]

New Delhi, 12 October 2023 — At a point of time when the construction and infrastructure industries are witnessing unprecedented growth, the eagerly awaited 9th India Construction Festival is being held at Shangri La, New Delhi, on 12th October 2023. The grand event was organised by First Construction Council in collaboration with Construction World and Equipment India magazines. The event has three interesting elements - 13th India Roads Conference, 11th Equipment India Awards and 21st CW Global awards. In view of the critical event and at this juncture where infrastructure funding is taking centrestage, Vivek Kumar Dewangan, Chairman and Managing Director, REC, said, After becoming a Maharatna company in 2022, the Ministry of Power allowed us to diversify into non-power infrastructure and logistics wherein we've been allowed to diversify up to one- third of our loan book into non-power sectors. In the current fiscal year, we are targeting sanctions of about Rs 1-1.25 trillion in these new areas including roads, highways, airports, and metropolitan railway projects among others. We are committed to nation-building and funding India's growth story. For further information and inquiries, please contact: First Construction Council Contact E-mail: Info@FirstConstructionCouncil.com Contact Number: 8291995574 Don't miss the chance to be a part of India's infrastructure transformation. For more information, visit [www.FirstConstructionCouncil.com]

Next Story
Real Estate

Sea Breeze launches La Wisteria in Siolim, Goa

Sea Breeze Group has announced the launch of La Wisteria, a RERA-approved luxury residential project in Siolim, North Goa, offering 80 boutique 1BHK and 2BHK apartments with private pools and lush paddy field views. Targeted for completion by December 2027, the development is designed to offer a high-end lifestyle and attractive rental returns.Each unit comes with a private pool and is surrounded by scenic vistas, ensuring exclusivity and long-term value. Positioned on a 3,545 sq m corner plot, the property is open on all four sides and bordered by greenery on two, enhancing privacy and openne..

Next Story
Real Estate

Ashiana Housing launches premium boutique project in Jaipur

Ashiana Housing, a listed real estate developer on NSE and BSE, has announced the launch of Ashiana Aravali, a low-density, premium residential project in Jagatpura, Jaipur. Designed for upper-mid and premium homebuyers, the development offers a rare combination of exclusivity, greenery, and urban connectivity in one of the city’s fastest-growing corridors.The boutique project comprises 50 residences, with 25 each of 4 BHK and 3 BHK units. The 4 BHK homes are offered in two configurations—2641 sq. ft. and 2630 sq. ft., while the 3 BHK homes are sized at 2312 sq. ft. Each apartment includes..

Next Story
Resources

Stylework’s MSA powers flexible workspace efficiency in 120 cities

Delhi, India – May 30, 2025: Stylework, a leading flexible workspace aggregator, announced the continued success of its Master Service Agreement (MSA)—a centralised solution that simplifies workspace management for over 50 enterprises and vendors across 120+ cities. Designed to support Stylework’s long-term vision of scalable workspace integration, the MSA has delivered measurable gains in operational efficiency, administrative control, and strategic agility. The solution reduces the complexity of managing multiple workspace contracts by consolidating them under a single organisatio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?