REC Loan Disbursements Rise 18% in Q3 FY25

07 Jan 2025 CW Team

REC Limited, a Maharatna CPSE under the Ministry of Power, reported Rs 546.92 billion in loan disbursements for the quarter ending December 31, 2024, reflecting an 18% increase year-on-year.

Renewable energy loans saw a sharp 58.09% rise to Rs 63.14 billion during the quarter, underscoring REC’s heightened focus on clean energy financing.

For the nine months of FY25, total loan disbursements reached Rs 1456.47 billion, up 19.30% from Rs 1,220.89 billion in the same period last year. Renewable energy loans in this period grew substantially by 78.68%, amounting to Rs 176.12 billion.

As a prominent non-banking financial company in India’s energy sector, REC continues to play a pivotal role in funding projects across power generation, transmission, and distribution. The surge in renewable energy disbursements demonstrates its commitment to supporting India’s clean energy transition and aligning with national sustainability goals.

(ET)

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..