REC FY25 Reports Rs 157.13 Billion Profit; Dividend at Rs 2.60/Share
REC Limited reported a standalone net profit of Rs 157.13 billion for the financial year ended March 31, 2025, up 12% from Rs 140.19 billion in the previous fiscal. The growth was supported by strong performance across business verticals, the resetting of interest rates on loan assets, and efficient finance cost management, helping the company maintain its spreads and net interest margins (NIM).For FY25, disbursements stood at Rs 1,911.85 billion compared to Rs 1,614.62 billion in FY24, marking an 18% increase. Net interest income rose 27% year-on-year to Rs 198.78 billion from Rs 156.85 billi..
GreenLine Launches New Fleet of LNG-powered Trucks
GreenLine Mobility Solutions, an Essar venture and India’s only green logistics operator using LNG and electric-powered heavy commercial trucks, announced that it had launched a new fleet of LNG-powered trucks at Chakan, Pune. The deployment has been supported by Shriram Finance, one of the country’s largest non-banking financial companies and the flagship of the Shriram Group. Anand Mimani, CEO of GreenLine Mobility, stated that the fleet expansion, backed by Shriram Finance, marked a significant step in transforming India’s logistics landscape with sustainable and high-performance ..
Assam Unveils Policy to Boost Thermal Power and Attract Investment
The Assam government has sanctioned the Assam Thermal Power Generation Product Promotion Policy 2025, aiming to attract large-scale investments to expand thermal power capacity and transform the state into a regional energy hub. As part of this initiative, the state Cabinet approved investment proposals amounting to Rs 77.30 billion. Chief Minister Himanta Biswa Sarma highlighted the growing energy requirements of the state, forecasting a rise to 5,000 MW by 2032, with an annual increase of approximately 1,000 MW. He noted that the new policy would provide companies with free land, water sup..
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