REC’s subsidiary hands over SPV to Power Grid Corporation of India
POWER & RENEWABLE ENERGY

REC’s subsidiary hands over SPV to Power Grid Corporation of India

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, a Maharatna CPSE under the aegis of the Ministry of Power, handed over the project-specific SPV formed for the construc...

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC, a Maharatna CPSE under the aegis of the Ministry of Power, handed over the project-specific SPV formed for the construction of Transmission Project, ‘ER NER Transmission’ to Power Grid Corporation of India.Power Grid Corporation of India has been the successful bidder of the Inter-State Transmission Project of the Ministry of Power, Government of India and RECPDCL was the Bid Process Coordinator. The winner selection had been carried out through Tariff Based Competitive Bidding (TBCB) for transmission developers in line with the standard bidding documents and guidelines as notified by the Ministry of Power. The work involves establishing 2 X 500 MVA ICT (AIS) at Banka along with associated works, upgradation of Namsai and associated works including around 77 km 220 kV double circuit transmission lines. The project for implementation is targeted in 36 months. With the handing over of the above SPV, RECPDCL successfully handed over 41 transmission projects, costing around `546.42 billion under the TBCB route.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement