REC disburses Rs 909.55 billion in H1 FY25; renewable loans surge 93%

08 Oct 2024 CW Team

REC, a Maharatna Central Public Sector Enterprise under the Ministry of Power, reported that it had disbursed loans amounting to Rs 909.55 billion for the half-year ending September 30, 2024. This figure represented a 20.10 per cent increase compared to the same period in the previous year.

The company indicated that loans for renewable energy totalled Rs 112.97 billion, showcasing a significant year-on-year growth of 92.68 per cent.

In the second quarter of FY24-25, REC disbursed loans of Rs 473.03 billion, which was a 13.71 per cent rise from Rs 415.98 billion in Q2 of FY23-24.

During the same quarter, loans for renewable energy reached Rs 59.46 billion, reflecting a 37.35 per cent increase compared to the previous year.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..