REC Raises Rs.5,000 Crore via Bonds

03 Oct 2024 CW Team

REC Ltd, a leading financing agency in India’s power sector, has successfully raised Rs.5,000 crore through Central Board of Direct Taxes (CBDT)-notified zero-coupon bonds. These funds are earmarked to support renewable energy projects and infrastructure development across the country. Zero-coupon bonds, which do not provide periodic interest payments, are issued at a discount, maturing at their face value. This financing method is attractive to investors seeking long-term capital gains while allowing REC to secure funds efficiently.

The proceeds will primarily focus on advancing India’s renewable energy goals, aligning with the country’s commitment to cleaner, sustainable power generation. REC’s continued focus on green projects highlights its significant role in facilitating the energy transition, especially as India pushes to increase its non-fossil fuel capacity.

The bond issuance also reflects REC’s strong financial health and ability to attract investment even during volatile economic conditions. The strategic move to raise capital through zero-coupon bonds positions REC to finance a variety of clean energy projects, driving the nation closer to achieving its renewable energy targets. This capital raise will contribute significantly to India’s push for increased renewable capacity and reduced carbon emissions.

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..