REC Power Transfers Two SPVs for Rajasthan Projects to PGCIL
POWER & RENEWABLE ENERGY

REC Power Transfers Two SPVs for Rajasthan Projects to PGCIL

REC Power Distribution Company Ltd. (RECPDCL) has officially transferred two Special Purpose Vehicles (SPVs) to Power Grid Corporation of India Ltd. (PGCIL) for key power transmission projects in Rajasthan. This handover marks a significant step in advancing the development of critical infrastructure aimed at enhancing the state's power transmission network.

The SPVs, which were set up to oversee specific transmission projects, are crucial for improving the efficiency and reliability of power distribution in Rajasthan. The transfer to PGCIL, a major player in India's power transmission sector, will ensure that the projects benefit from the corporation's extensive experience and resources.

These projects are expected to play a vital role in strengthening the power transmission grid in Rajasthan, addressing current capacity constraints, and supporting the state?s growing energy demands. The upgrades will facilitate better power management, reduce transmission losses, and contribute to overall system reliability.

The collaboration between RECPDCL and PGCIL reflects ongoing efforts to enhance India's power infrastructure. By transferring responsibility for these projects to PGCIL, RECPDCL aims to leverage the latter's expertise to ensure successful project execution and timely completion.

This strategic move aligns with India's broader goals of upgrading its power infrastructure and achieving more robust and efficient energy transmission systems across the country.

REC Power Distribution Company Ltd. (RECPDCL) has officially transferred two Special Purpose Vehicles (SPVs) to Power Grid Corporation of India Ltd. (PGCIL) for key power transmission projects in Rajasthan. This handover marks a significant step in advancing the development of critical infrastructure aimed at enhancing the state's power transmission network. The SPVs, which were set up to oversee specific transmission projects, are crucial for improving the efficiency and reliability of power distribution in Rajasthan. The transfer to PGCIL, a major player in India's power transmission sector, will ensure that the projects benefit from the corporation's extensive experience and resources. These projects are expected to play a vital role in strengthening the power transmission grid in Rajasthan, addressing current capacity constraints, and supporting the state?s growing energy demands. The upgrades will facilitate better power management, reduce transmission losses, and contribute to overall system reliability. The collaboration between RECPDCL and PGCIL reflects ongoing efforts to enhance India's power infrastructure. By transferring responsibility for these projects to PGCIL, RECPDCL aims to leverage the latter's expertise to ensure successful project execution and timely completion. This strategic move aligns with India's broader goals of upgrading its power infrastructure and achieving more robust and efficient energy transmission systems across the country.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?