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.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..