Tripura, REC to Ink Power Sector MoU Within a Month

09 Sep 2025 CW Team

The State of Tripura is preparing to formalise a memorandum of understanding (MoU) with REC Limited to enhance its power infrastructure, with the agreement expected to be signed within a month, government officials confirmed.

REC Limited, a Maharatna public sector enterprise under the Ministry of Power, serves as a major financier for power sector initiatives across India. It is also recognised by the Reserve Bank of India as a Non-Banking Finance Company (NBFC), Public Financial Institution (PFI), and Infrastructure Financing Company (IFC).

Tripura Power Secretary Abhishek Singh recently visited REC’s Corporate Office in Gurugram to explore opportunities for collaboration. Discussions with REC Chairman and Managing Director Jitendra Srivastava focused on financing and technical partnerships to modernise the state’s power systems. During the visit, Singh also toured the REC Experience Centre, which showcases the company’s key achievements and green energy initiatives.

Speaking to India Today NE, Singh stated, “We will be partnering with REC to take power infrastructure projects in Tripura. We are expecting that an MoU will be signed within a month.”

The forthcoming agreement is anticipated to bring both financial support and technical guidance to Tripura’s growing energy requirements, enabling the state to implement modern, efficient, and sustainable power infrastructure in alignment with national energy objectives.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..