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.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..