+
REC wins 5 year loan for green projects worth 31.96 billion Yen
ECONOMY & POLICY

REC wins 5 year loan for green projects worth 31.96 billion Yen

REC Limited has obtained a 5-year green loan worth 31.96 billion Japanese yen ($200 million) through Deutsche Bank?s Gift City branch, intended to fund sustainable projects in India.

REC Limited, a prominent power sector lender, has successfully raised a 5-year green loan totalling 31.96 billion Japanese yen (around $200 million). Facilitated by Deutsche Bank?s Gift City branch, this transaction represents one of the initial yen-denominated green loan deals for the bank in India.

The funds will be exclusively used to finance environmentally sustainable projects across India. REC has reaffirmed its commitment to promoting green energy finance and enhancing sustainable project development.

Vivek Kumar Dewangan, CMD, REC, emphasised the importance of this achievement in advancing REC?s green financing goals and aligning with global efforts to support sustainable development initiatives in India.

Kaushik Shaparia, CEO, Deutsche Bank Group in India, highlighted the bank?s dedication to fostering environmentally responsible initiatives through collaborations like the one with REC, highlighting their joint commitment to sustainable finance in India. (Source: Adda 247)

REC Limited has obtained a 5-year green loan worth 31.96 billion Japanese yen ($200 million) through Deutsche Bank?s Gift City branch, intended to fund sustainable projects in India. REC Limited, a prominent power sector lender, has successfully raised a 5-year green loan totalling 31.96 billion Japanese yen (around $200 million). Facilitated by Deutsche Bank?s Gift City branch, this transaction represents one of the initial yen-denominated green loan deals for the bank in India. The funds will be exclusively used to finance environmentally sustainable projects across India. REC has reaffirmed its commitment to promoting green energy finance and enhancing sustainable project development. Vivek Kumar Dewangan, CMD, REC, emphasised the importance of this achievement in advancing REC?s green financing goals and aligning with global efforts to support sustainable development initiatives in India. Kaushik Shaparia, CEO, Deutsche Bank Group in India, highlighted the bank?s dedication to fostering environmentally responsible initiatives through collaborations like the one with REC, highlighting their joint commitment to sustainable finance in India. (Source: Adda 247)

Next Story
Infrastructure Urban

Autodesk Appoints Kamolika Gupta Peres as VP, India & SAARC

Autodesk announced the appointment of Kamolika Gupta Peres as vice president, Autodesk India and SAARC business, effective June 2025. In her new role, she will lead Autodesk’s growth and scaling efforts in India and SAARC, strengthen the company’s customer and partner ecosystem, and further deepen Autodesk’s position as a trusted transformation partner in the region.Known for her agile, empathetic leadership and passion for bold, future-focused transformation, Kamolika brings a people-first approach that inspires clarity, ownership, and high performance across teams. As the leader of Ind..

Next Story
Real Estate

Major Developers Expands into RAK Central

Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah’s new commercial and administrative hub.  The move marks a significant milestone in the company’s expansion strategy and underscores its commitment to supporting the emirate’s infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah's strategic framework to achieve sustainable, diversified, and globally competitive growth. “With RAK Central, we’ve created a mega-development that is structurally aligned with regional growth, global investment patterns, and natio..

Next Story
Real Estate

Garg Realty to Invest Rs 4 Bn in Dholera for Land Aggregation Projects

Garg Realty Group, a leading real estate builder and developer based in Gurgaon, has announced an investment of over Rs 4 billion for projects in Dholera, Gujarat, over the next 3 years. The company has already invested in 20–22 acres of land in the region and, with this new capital, plans to acquire additional land to cater to Dholera’s rising demand for industrial, commercial, and residential infrastructure. The investment is backed by a mix of internal accruals and financial partnerships, reflecting the long-term commitment to the development of India’s first greenfield smart city.&nb..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?