REC wins Best Green Bond - Corporate Award

05 Feb 2024 CW Team

REC has received the award for issuance of $750 million green bonds issued in April 2023 which was also the first USD Green Bond issuance from India post India?s G20 Presidency and the largest ever Senior Green Bond Tranche by a South & South-East Asian issuer. The bond issue was priced at a minimum new issue premium of 7.5 bps, which was tighter than the most recent high-rated issuances from the region. The issue was well received by the investors for REC?s significant contribution to financing projects aimed at mitigating climate change and promoting environmental sustainability. This recognition represents a milestone in REC Limited's dedication to support initiatives that drive positive environmental impact and foster sustainable development.

Vivek Kumar Dewangan, Chairman & Managing Director, REC Limited, said, "We are delighted to receive this award, which reaffirms our commitment to sustainable finance and underscores our efforts to accelerate the transition towards a greener and more sustainable future at competitive costs. In addition to the USD Green Bonds of $750 million issued in April 2023, REC also priced its inaugural Euro-Yen Green bonds of JPY 61.1 billion in January 2024, which was the largest Yen Bond issuance by an Indian corporate. As such, REC stands resolute in its pledge to promote green and clean energy through these green issuances.?

The Asset Triple A Awards are pre-eminent recognition for those organizations that have excelled in their respective industry. With over two decades of experience conducting awards programmes, The Asset Triple A Awards reflect unparalleled industry understanding to be able to distinguish best-in-class organizations. The Asset Triple A Awards programmes are built upon a stringent methodology that is combined with a rigorous approach in selecting the best institutions and deals. The awards are adjudicated by The Asset?s board of editors who are regarded as the most experienced and collectively have several decades? worth of evaluating industry awards.

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has been bestowed with the prestigious Best Green Bond - Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024. This recognition underscores REC Limited's unwavering commitment to sophisticated capital market instruments and customized financing solutions in advancing sustainable finance and fostering environmental stewardship. REC has received the award for issuance of $750 million green bonds issued in April 2023 which was also the first USD Green Bond issuance from India post India?s G20 Presidency and the largest ever Senior Green Bond Tranche by a South & South-East Asian issuer. The bond issue was priced at a minimum new issue premium of 7.5 bps, which was tighter than the most recent high-rated issuances from the region. The issue was well received by the investors for REC?s significant contribution to financing projects aimed at mitigating climate change and promoting environmental sustainability. This recognition represents a milestone in REC Limited's dedication to support initiatives that drive positive environmental impact and foster sustainable development. Vivek Kumar Dewangan, Chairman & Managing Director, REC Limited, said, We are delighted to receive this award, which reaffirms our commitment to sustainable finance and underscores our efforts to accelerate the transition towards a greener and more sustainable future at competitive costs. In addition to the USD Green Bonds of $750 million issued in April 2023, REC also priced its inaugural Euro-Yen Green bonds of JPY 61.1 billion in January 2024, which was the largest Yen Bond issuance by an Indian corporate. As such, REC stands resolute in its pledge to promote green and clean energy through these green issuances.? The Asset Triple A Awards are pre-eminent recognition for those organizations that have excelled in their respective industry. With over two decades of experience conducting awards programmes, The Asset Triple A Awards reflect unparalleled industry understanding to be able to distinguish best-in-class organizations. The Asset Triple A Awards programmes are built upon a stringent methodology that is combined with a rigorous approach in selecting the best institutions and deals. The awards are adjudicated by The Asset?s board of editors who are regarded as the most experienced and collectively have several decades? worth of evaluating industry awards.

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Infrastructure Energy

26 Aug 2025

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Infrastructure Energy

26 Aug 2025

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..