Business

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, under its flagship CSR initiative Mobile Medical Units has committed ₹4.29 crore for the procurement and deployment of four Mobile Medical Units (MMUs) in 4 districts of Punjab. These units, handed over to the Indian Red Cross Society, Punjab, were flagged off by Hon’ble Governor Shri Gulab Chand Kataria Ji at Punjab Raj Bhawan. Serving as a lifeline for deprived communities, the MMUs will provide essential…

Continuing PBT for 9M FY25 grows 33% y-o-y to Rs. 10,679 Crore Continuing EBITDA for 9M FY25 grows 22% y-o-y to Rs. 16,478 Crore Continuing revenue for 9M FY25 grows 13% y-o-y to Rs. 41,951 Crore  9MFY25 Highlights Consolidated power sale volume at 69.5 Billion Units (BU) in 9M FY25, up by 22% from 57.1 BU in 9M FY24 due to improved power demand and larger operating capacity. Consolidated continuing total revenues higher by 13% at Rs. 41,951 Crore in…

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over the project specific SPV (Special Purpose Vehicle) of HVDC Transmission Project under TBCB route viz, Rajasthan Part I Power Transmission Limited to Adani Energy Solutions Limited on 20th January 2025 at Gurugram.  Adani Energy Solutions Limited (AESL) emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid…

65 Lakh SVAMITVA Property Cards Distributed “Ensuring a dignified life for the people of rural India is the priority of my Government”         ~ Prime Minister Shri Narendra Modi[1] Launched by the Prime Minister on National Panchayati Raj Day, April 24, 2020, the SVAMITVA Scheme aims to drive the economic transformation of rural India by providing property owners in village Abadi areas with a “Record of Rights.” Utilizing advanced drone and GIS technology for land demarcation, the scheme fosters property monetization, facilitates access to bank…

Washington D.C. : Kutch Copper Ltd, part of Adani Group has joined the International Copper Association (ICA) as its newest member. Headquartered in Washington, D.C., ICA is a not-for-profit trade association representing half the world’s copper production, with 33 members across six continents. Strategically located in Mundra, Gujarat, Kutch Copper is a fully owned subsidiary of the group’s flagship incubator Adani Enterprises. Adani Enterprises is inves ting approximately $1.2 billion to establish a copper smelter with an initial capacity of 0.5…

While the economy has already reached the last of the fourth quadrant with just two months left for the ceding of the FY 2024 – 2025, its just the time to delve into some of the significant arenas of the economic happenings. The global economy turned out to be tolerant worthy in 2023 in spite of tightening financial conditions engendered by restrictive monetary policy stances, geopolitical tensions and geoeconomics fragmentation. Global GDP rose by 3.2 per cent in 2023 –…

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the Gandhigram Rural Institute under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹8.44Cr. for establishing 1MW multitechnology ground mounted, grid connected solar photovoltaic power plant for the benefit of students, research scholar at the Gandhigram Rural Institute (GRI), Dindigul, Tamil Nadu. The project shall be implemented by the GRI in technical collaboration with…

In an event held at NIT Warangal, indigenous knowhow of silver nanowire-based conductive ink technology was transferred to the startups M/s Chematico Technologies Private Limited (incubated at IIT Ropar) and  M/s Vasanthbala Functional Materials Pvt Ltd, (incubated at NIT Warangal). The global market for silver nanowire-based conductive ink and adhesive is projected to surpass $16.87B by 2032 due to a rapid increase in the electronics, semiconductor, solar photovoltaic, and RFID market. The market growth can be attributed to key factors, including robust demand…

Mumbai : Hindustan Petroleum Corporation Limited (HPCL) has taken a bold step toward wildlife conservation by adopting endangered species across two major wildlife sanctuaries in India. Listed as endangered by the IUCN Red List, Red Pandas and Tigers are now under HPCL’s care. As part of its Golden Jubilee celebrations themed “Panchatatvon Ka Maharatna,” HPCL has adopted three Red Pandas—Lucky, Motok, and Dokhbu—at the Himalayan Zoological Park (HZP) in Gangtok, Sikkim. Additionally, it has taken responsibility for two tigers, Bajirao…