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REC inks three strategic MoUs for renewables
POWER & RENEWABLE ENERGY

REC inks three strategic MoUs for renewables

REC, a Maharatna CPSE under Ministry of Power, has inked three strategic MoUs in the backdrop of the Madhya Pradesh Global Investors Summit 2023. The summit has drawn interest both at the national and international stage and witnessed participation from more than 314 companies. The fir...

REC, a Maharatna CPSE under Ministry of Power, has inked three strategic MoUs in the backdrop of the Madhya Pradesh Global Investors Summit 2023. The summit has drawn interest both at the national and international stage and witnessed participation from more than 314 companies. The first MoU was signed with the MP Power Management, to extend financial assistance of Rs 150.86 billion for the upcoming Sarani and Amarkantak thermal power projects, system improvement works, technology upgradation, renovation and modernisation. The second MoU was inked with Rewa Ultra Mega Solar. REC will commit a sum of Rs 10 billion as financial assistance for renewable energy projects covering the development of renewable energy parks, projects, and associated infrastructure including power evacuation. This project will be a key addition to realise the renewable energy targets of Madhya Pradesh. The state aims to generate 20 per cent of its electricity through renewable sources by FY2024, 30 per cent by FY2027 and 50 per cent by FY2030. REC aims to become a leading financial services provider in the renewable energy space. Additionally, REC in partnership with World Bank has designed a financing facility for select state owned electricity distribution companies. As a part of this REC-World Bank program, the total volume of financing available shall be $1 billion. Under this umbrella, REC has committed Rs 50 billion to MP DISCOMs to further strengthen the distribution reforms.

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Resources

Hisense Opens First India Manufacturing Plant at Sri City

Hisense has inaugurated its first manufacturing facility in India at Sri City, Andhra Pradesh, through a joint venture with Epack Manufacturing Technologies Private Limited, a wholly owned subsidiary of Epack Durable Limited.The 10-acre facility, developed with an investment exceeding USD 30 million, is located within Epack Durable’s industrial park at Sri City and will commence commercial production from February 2026. Once fully operational, the plant will manufacture Room Air Conditioners (RACs) exclusively for Hisense India, accounting for 100 per cent of the brand’s domestic RAC outpu..

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Real Estate

Superb Realty Launches Altura, Focuses on IAQ-Led Office Design

Superb Realty has launched Superb Altura, a mixed-use Grade A commercial development at Amar Mahal junction in the Chembur–Ghatkopar corridor, positioning indoor air quality and intelligent building systems at the centre of its design strategy amid rising pollution levels in Mumbai.The development reflects a shift in office real estate priorities, where occupiers increasingly evaluate how buildings manage health, energy efficiency and operational resilience in high-pollution urban environments. Altura integrates advanced systems that continuously monitor and optimise indoor environments, cov..

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Infrastructure Transport

CPCL Tops NHAI’s First DPR Consultant Ranking

Chaitanya Projects Consultancy (CPCL) has secured the top position in the National Highways Authority of India’s first-ever provisional DPR consultants rating, achieving a score of 80.75 out of 100. The ranking places CPCL ahead of 55 peer firms, including Pentacle Consultants (78), L&T Infrastructure Engineering (76), MSV International Technology (74), and Transys Consulting (72).The rankings, released in the fourth week of January 2026, mark NHAI’s first structured and transparent evaluation of DPR consultants to improve quality standards under Bharatmala and other national highway p..

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