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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Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

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Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

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Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

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