REC Commits Rs.1.6 Billion for Major Highway Projects in India
ROADS & HIGHWAYS

REC Commits Rs.1.6 Billion for Major Highway Projects in India

The Rural Electrification Corporation (REC) has signed significant agreements to finance highway projects in India, contributing a total of Rs.1.6 billion to support the development and enhancement of the country's road network.

This substantial financial commitment aligns with India's infrastructure growth plans, aiming to improve connectivity, boost economic activities, and enhance overall transportation efficiency.

The funds will be allocated towards key highway initiatives, reinforcing REC's dedication to fostering sustainable and robust infrastructure in the nation.

This strategic move is poised to have a lasting impact on India's transportation landscape, addressing the evolving needs of a rapidly growing economy.

The Rural Electrification Corporation (REC) has signed significant agreements to finance highway projects in India, contributing a total of Rs.1.6 billion to support the development and enhancement of the country's road network. This substantial financial commitment aligns with India's infrastructure growth plans, aiming to improve connectivity, boost economic activities, and enhance overall transportation efficiency. The funds will be allocated towards key highway initiatives, reinforcing REC's dedication to fostering sustainable and robust infrastructure in the nation. This strategic move is poised to have a lasting impact on India's transportation landscape, addressing the evolving needs of a rapidly growing economy.

Next Story
Infrastructure Urban

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Next Story
Infrastructure Urban

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Next Story
Infrastructure Energy

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement