+
REC Receives RBI Approval for Gujarat Subsidiary
ECONOMY & POLICY

REC Receives RBI Approval for Gujarat Subsidiary

The Rural Electrification Corporation (REC) has secured approval from the Reserve Bank of India (RBI) to establish a subsidiary in Gujarat's Gift City. This development marks a significant step for REC in expanding its presence and operations in the renewable energy sector.

With the RBI's nod, REC is poised to establish its subsidiary in Gujarat's Gift City, a designated Special Economic Zone (SEZ) known for its business-friendly environment and infrastructure. This strategic move aligns with REC's commitment to fostering renewable energy development and supporting India's transition towards a greener and more sustainable energy landscape.

The establishment of a subsidiary in Gujarat's Gift City presents REC with opportunities to leverage the region's conducive regulatory framework and infrastructure to facilitate financing and investment in renewable energy projects. REC aims to play a pivotal role in driving renewable energy initiatives and promoting clean energy adoption across the country.

The RBI's approval underscores the regulatory support for REC's expansion efforts and underscores the confidence in the company's ability to contribute to India's renewable energy goals. REC's subsidiary in Gujarat's Gift City is expected to catalyse investments in renewable energy projects, spur economic growth, and create employment opportunities in the region.

As REC moves forward with the establishment of its subsidiary in Gujarat's Gift City, it reinforces its commitment to advancing renewable energy development and fostering sustainable growth. The company's presence in the region is poised to further strengthen India's position as a global leader in renewable energy deployment and contribute to the nation's efforts towards achieving its clean energy targets.

The Rural Electrification Corporation (REC) has secured approval from the Reserve Bank of India (RBI) to establish a subsidiary in Gujarat's Gift City. This development marks a significant step for REC in expanding its presence and operations in the renewable energy sector. With the RBI's nod, REC is poised to establish its subsidiary in Gujarat's Gift City, a designated Special Economic Zone (SEZ) known for its business-friendly environment and infrastructure. This strategic move aligns with REC's commitment to fostering renewable energy development and supporting India's transition towards a greener and more sustainable energy landscape. The establishment of a subsidiary in Gujarat's Gift City presents REC with opportunities to leverage the region's conducive regulatory framework and infrastructure to facilitate financing and investment in renewable energy projects. REC aims to play a pivotal role in driving renewable energy initiatives and promoting clean energy adoption across the country. The RBI's approval underscores the regulatory support for REC's expansion efforts and underscores the confidence in the company's ability to contribute to India's renewable energy goals. REC's subsidiary in Gujarat's Gift City is expected to catalyse investments in renewable energy projects, spur economic growth, and create employment opportunities in the region. As REC moves forward with the establishment of its subsidiary in Gujarat's Gift City, it reinforces its commitment to advancing renewable energy development and fostering sustainable growth. The company's presence in the region is poised to further strengthen India's position as a global leader in renewable energy deployment and contribute to the nation's efforts towards achieving its clean energy targets.

Next Story
Building Material

Viva ACP Launches Experience Centre in Nashik

Viva ACP, one of Asia’s leading manufacturers of Metal Composite Panels (MCP), has unveiled a new state-of-the-art Experience Centre in Nashik. Situated at Plot No. 10, Kathe Industrial Estate, Tigrania Road, Dwarka, the centre aims to make Viva’s premium cladding solutions more accessible to architects, developers, and design professionals in Western India. The centre was formally inaugurated by Prakash Jain, Chairman and Managing Director, Viva Composite Panel, along with Nitin Jain and Mayank Jain, Directors at the company. Conceptualised as an interactive and immersive space,..

Next Story
Technology

Hikrobot Launches HDMI Video Micro System in India

India, July 2025: Hikrobot has introduced its HDMI Video Micro System in the Indian market, offering a plug-and-play imaging solution that combines 2K high-definition clarity, real-time streaming, and portability. The system is designed for professionals in sectors such as industrial inspection, medical research, forensic science, education, and precision manufacturing. Unlike traditional imaging setups that require external PCs and complex software, the Hikrobot HDMI Video Micro System provides direct output to an HDMI display, eliminating setup complications and improving usability.&nbs..

Next Story
Real Estate

Stone Wood Hotels Appoints Shishir Kumar Jena as CFO

Stone Wood Hotels & Resorts has announced the appointment of Shishir Kumar Jena as Chief Financial Officer. This key leadership move aligns with the boutique hospitality group’s ongoing national expansion. Shishir Kumar Jena brings over 32 years of experience in hospitality finance, having held senior positions with renowned brands such as Acron, Radisson, and Fortune Inn Exotica. His expertise spans financial strategy, operational efficiency, revenue optimisation, and aligning financial performance with guest satisfaction. Throughout his career, Jena has maintained a consisten..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?