REC Ltd Eyes Financing Overseas Projects with GIFT City Subsidiary
POWER & RENEWABLE ENERGY

REC Ltd Eyes Financing Overseas Projects with GIFT City Subsidiary

REC Ltd, a major player in the Indian energy sector, is expanding its financial horizons by targeting international projects. The company has applied to establish a subsidiary at the Gujarat International Finance Tec-City (GIFT City) to facilitate its entry into global markets. This move is part of REC Ltd's broader strategy to diversify its investment portfolio and enhance its global footprint.

The planned subsidiary at GIFT City will serve as a pivotal platform for REC Ltd to finance and invest in overseas infrastructure and energy projects. This strategic initiative aims to leverage GIFT City's status as an international financial hub, providing REC Ltd with a robust framework to access global capital markets and foster international partnerships.

By establishing a presence at GIFT City, REC Ltd intends to tap into a growing pool of investment opportunities and strengthen its global business connections. The subsidiary will enable the company to manage and execute cross-border projects more efficiently, aligning with its goals of global expansion and increased revenue streams.

This development underscores REC Ltd's commitment to broadening its operational scope and exploring new avenues for growth. It also highlights the role of GIFT City in attracting and supporting significant financial and investment activities. With this strategic move, REC Ltd aims to bolster its position as a key player in the international energy and infrastructure sectors, driving long-term growth and sustainability.

REC Ltd, a major player in the Indian energy sector, is expanding its financial horizons by targeting international projects. The company has applied to establish a subsidiary at the Gujarat International Finance Tec-City (GIFT City) to facilitate its entry into global markets. This move is part of REC Ltd's broader strategy to diversify its investment portfolio and enhance its global footprint. The planned subsidiary at GIFT City will serve as a pivotal platform for REC Ltd to finance and invest in overseas infrastructure and energy projects. This strategic initiative aims to leverage GIFT City's status as an international financial hub, providing REC Ltd with a robust framework to access global capital markets and foster international partnerships. By establishing a presence at GIFT City, REC Ltd intends to tap into a growing pool of investment opportunities and strengthen its global business connections. The subsidiary will enable the company to manage and execute cross-border projects more efficiently, aligning with its goals of global expansion and increased revenue streams. This development underscores REC Ltd's commitment to broadening its operational scope and exploring new avenues for growth. It also highlights the role of GIFT City in attracting and supporting significant financial and investment activities. With this strategic move, REC Ltd aims to bolster its position as a key player in the international energy and infrastructure sectors, driving long-term growth and sustainability.

Next Story
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?