REC Secures $200M Green Loan from Deutsche Bank

11 Jul 2024 CW Team

State-run REC Limited has secured a green loan amounting to JPY 31.96 billion (equivalent to $200 million) from Deutsche Bank AG's GIFT City branch. This marks a significant move towards financing sustainable development in India.

This green facility, the first of its kind between an Indian government entity and Deutsche Bank, aims to fund projects that align with strict environmental standards. These projects will enhance renewable energy adoption and contribute to carbon emission reduction across the nation. It is also noted as one of the first JPY-denominated green loans executed by Deutsche Bank AG, GIFT City.

Vivek Kumar Dewangan, CMD of REC, stated, ?This successful transaction is in line with REC?s commitment to enhance its green energy financing and sustainable projects capabilities as well as the global community?s support for sustainable development projects in India. This benchmark transaction is anticipated to pave way for more such collaborations in future which can help in achieving nation?s goals in green space financing.?

Kaushik Shaparia, CEO of Deutsche Bank Group, India, added, ?Our collaboration with REC underscores our steadfast commitment to advancing environmentally responsible initiatives and promoting sustainable financing within India. This transaction reinforces Deutsche Bank?s expertise in green financing, demonstrating our ability to support clients in their transformation towards a carbon-free future.?

In the last financial year, REC Ltd sanctioned loans worth ?3.59 trillion, out of which ?1.36 trillion were for renewable energy projects. The company plans to increase the share of renewable energy in its loan book to 30 percent by 2030 from the current 10 percent.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..