REC and Bank of Baroda collaborate for power and logistics financing

05 Jan 2024 CW Team

REC, in collaboration with Bank of Baroda, has forged a strategic partnership to fund power infrastructure and logistics projects. This alliance signifies a significant step towards bolstering financial support for key sectors, contributing to the growth and sustainability of crucial infrastructure initiatives in India.

The collaboration between REC, a premier public infrastructure finance company, and Bank of Baroda, a leading national bank, aims to channel financial resources into power and logistics projects. This partnership is poised to play a pivotal role in advancing the country's infrastructure development agenda, aligning with national priorities.

As India continues to focus on enhancing its power infrastructure and logistics capabilities, this joint effort addresses the critical need for robust financing mechanisms. REC's expertise in infrastructure finance combined with Bank of Baroda's extensive banking network creates a formidable alliance capable of catalysing investments in essential projects.

The financing collaboration is expected to unlock new opportunities for project developers, fostering innovation and efficiency in the power and logistics sectors. The synergy between REC and Bank of Baroda underscores a shared commitment to promoting sustainable and resilient urban infrastructure, aligning with the country's vision for inclusive and comprehensive development.

This strategic partnership not only exemplifies a synergy between key financial institutions but also positions them as crucial facilitators in driving the nation's infrastructure growth. The collaboration is poised to make a substantial impact, providing impetus to vital projects that contribute to India's economic progress and modernisation.

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..