REC Pledges Rs 1000 billion for MMR Infrastructure Over 5 Years

15 Apr 2025 CW Team

REC Limited, a Maharatna Central Public Sector Undertaking (CPSU) under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide Rs 1000 billion in financial support for infrastructure projects across the Mumbai Metropolitan Region (MMR).

The agreement was signed during the India Global Forum (IGF) Mumbai NXT 25 event at the Jio Convention Centre. It was formalised by REC Director (Finance) Harsh Baweja and MMRDA Financial Advisor Dr Ankush R Nawale in the presence of Maharashtra Deputy Chief Minister Devendra Fadnavis, Chief Minister Eknath Shinde, and senior officials from both REC and MMRDA.

Under the MoU, REC will fund a wide range of infrastructure initiatives, including urban mobility, housing, and critical urban infrastructure. The financial assistance will be rolled out over the next five years, aimed at accelerating the development and modernisation of the region’s growing urban landscape.

“This Rs 1000 billion commitment reflects REC’s focus on supporting large-scale projects that can improve quality of life and urban infrastructure in MMR,” said Harsh Baweja.

Rahul Dwivedi, Executive Director (I&L), REC Limited, added, “This partnership highlights REC’s expanding role in financing key infrastructure projects and supporting India’s long-term growth goals.”

Infrastructure Urban

03 Nov 2025

Vice-President Backs Global Unity at IN-STEP 2025

Vice-President of India, Shri C. P. Radhakrishnan, addressed delegates at the 3rd edition of the International Strategic Engagement Programme (IN-STEP) held at the Vice-President’s Enclave in New Delhi. IN-STEP serves as a key dialogue platform for senior national security officers from India and friendly foreign nations. The current edition hosts 44 delegates, including 32 international participants representing 24 Global South countries. Commending the joint efforts of the National Defence College, National Security Council Secretariat, Ministry of External Affairs, and Ministry of Defen..

India to Host Global Maritime Events in Visakhapatnam

India will host three major international maritime events in February 2026 at Visakhapatnam — the International Fleet Review (IFR) 2026, Exercise MILAN 2026, and the Indian Ocean Naval Symposium (IONS) Conclave of Chiefs. Scheduled from 15 to 25 February 2026, this marks the first time India will conduct all three significant maritime gatherings simultaneously. The events embody Prime Minister Shri Narendra Modi’s MAHASAGAR vision — Mutual and Holistic Advancement for Security and Growth Across Regions — announced in 2025. The MAHASAGAR framework extends India’s SAGAR (Security and ..

Heavy Industries Ministry Frees 4.4 Million Sq Ft Under SCDPM 5.0

Inspired by the Prime Minister’s vision to institutionalise Swachhata and clear long-pending matters, the Ministry of Heavy Industries (MHI), along with its Central Public Sector Enterprises (CPSEs) and Autonomous Bodies (ABs), actively participated in the fifth consecutive year of the Special Campaign for Disposal of Pending Matters (SCDPM) 5.0, held from 2 to 31 October 2025. Throughout the campaign, MHI worked closely with the Department of Administrative Reforms and Public Grievances, reporting daily progress on a dedicated monitoring portal. Shri Bhupathi Raju Srinivasa Varma, Minister..