REC secures JPY 31.96 bn green loan from Deutsche Bank

11 Jul 2024 CW Team

REC has secured a green loan totalling JPY 31.96 billion from Deutsche Bank AG, GIFT City branch, signalling a significant step towards financing sustainable development in India. The loan, structured as a green facility, represents a pioneering collaboration between an Indian government entity and Deutsche Bank, aimed at funding projects that adhere to stringent environmental standards, promote the adoption of renewable energy, and contribute to reducing carbon emissions nationwide. This initiative also marks one of the initial instances of JPY-denominated green loans executed by Deutsche Bank AG, GIFT City.

According to Vivek Kumar Dewangan, CMD of REC, this successful transaction aligns with REC's commitment to bolster its financing of green energy and sustainable projects, supported by the international community's backing for sustainable development ventures in India. He views this landmark transaction as a precursor to potential future collaborations that could assist in achieving the nation's objectives in green financing.

Kaushik Shaparia, CEO of Deutsche Bank Group in India, emphasized that their partnership with REC underscores the bank's unwavering dedication to advancing environmentally responsible initiatives and promoting sustainable finance within India. He highlighted that this transaction showcases Deutsche Bank's proficiency in green financing, underscoring their ability to aid clients in transitioning towards a carbon-neutral future.

In the previous fiscal year, REC sanctioned loans amounting to Rs 3.59 trillion, with Rs 1.36 trillion directed towards renewable energy projects. The company aims to elevate the proportion of renewable energy in its loan portfolio to 30 per cent by 2030, up from the current 10 per cent.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..