REC secures Euro 100 mn SACE loan for green projects

26 Apr 2024 CW Team

REC Limited, one of India's leading non-banking financial companies, has secured a loan facility of ?100 million (approximately ?850 crore) from SACE, Italy's export credit agency. This financing arrangement is specifically earmarked for green projects, further bolstering REC's commitment to sustainable development initiatives across the country.

The loan, provided under the "Green Deal" initiative, reflects REC's proactive approach towards promoting environmentally-friendly projects in sectors such as renewable energy, energy efficiency, and climate change mitigation. It underscores the company's dedication to supporting India's transition towards a low-carbon economy while addressing the challenges posed by climate change.

REC's collaboration with SACE not only facilitates access to affordable financing but also underscores the importance of international partnerships in advancing green initiatives. This financial support will enable REC to expand its portfolio of green projects, accelerating the deployment of renewable energy technologies and fostering environmental stewardship.

Moreover, the loan facility is expected to catalyze investments in renewable energy infrastructure, promoting energy security and reducing reliance on fossil fuels. By leveraging this funding, REC aims to enhance the availability of clean energy resources, contributing to India's ambitious renewable energy targets and commitments under the Paris Agreement.

The financing arrangement with SACE demonstrates REC's financial prudence and ability to attract capital from international sources for sustainable development projects. It also highlights the growing recognition of India's renewable energy market as an attractive investment destination for global financiers.

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..