Business

Gurugram : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan IV-A Power Transmission Limited to M/s Apraava Energy Private Limited (AEPL). The project will facilitate evacuation of power from Rajasthan Renewable Energy Zone Ph-IV (Jaisalmer/Barmer Complex). M/s Apraava Energy Private Limited (AEPL) emerged as the Transmission Service Provider (TSP) through Tariff-based Competitive Bidding (TBCB)…

Lucknow : In a significant boost to Chief Minister Yogi Adityanath’s mission to transform Uttar Pradesh into the nation’s ‘economic powerhouse,’ the Nivesh Mitra portal has successfully processed over 15.40 lakh investor applications for NOCs and licenses, sparing them the hassle of dealing with multiple offices. The Nivesh Mitra portal, a single-window system, has become a key tool in state government’s efforts, streamlining the investment process and eliminating the bureaucratic hurdles previously faced by investors and entrepreneurs. Chief Minister Yogi…

The inaugural day of the Fire & Security India Expo (FSIE) was a resounding success, drawing over 4,000 attendees and featuring cutting-edge innovations in the industry, including fluorine-free foam, Compressed Air Foam Systems (CAFS), and firefighting ATVs with quick response capabilities. Co-hosted by Nova Exhibitions & Conferences and the Fire and Safety Association of India (FSAI), the event brought together government officials, industry leaders, and experts. A key highlight was the Grand Inaugural, attended by Shri. Anil Bhaidas Patil, Minister…

Gurugram : The 55th Annual General Meeting (AGM) of the REC Limited was held today through video conferencing. Shri Vivek Kumar Dewangan, Chairman & Managing Director, REC Limited chaired the meeting and was attended by all the Directors on the Board of the Company. Many shareholders were present at the meeting through Video Conferencing. The requisite quorum being present, the Chairman & Managing Director called the Meeting in order. The Chairman & Managing Director then delivered his speech. In his…

EBITDA at INR 22,570 crore, up 32.9 % YoY Adjusted PAT at INR 10,279 crore, up 50.1% YoY Growth powered by Adani Enterprises’ emerging Businesses—Solar & Wind manufacturing (part of Green Hydrogen Production Chain), Airports & Roads Editor’s synopsis • Q1 EBITDA at INR 22,570 crore, up 32.9 % YoY • Q1 PAT at INR 10,279 crore up 50.1% YoY • Trailing-twelve-month (TTM) EBITDA at INR 79,180 crore, up 44.9 % YoY • Q1 EBITDA for Core infrastructure businesses (utility,…

New Delhi : Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies. In a statement, FSC said it has taken cognizance of the contents of the report published by Hindenburg Research on August 10, 2024, wherein mention has been made of ‘Mauritius-based shell entities’ and…

Atul Bhatt, CMD, RINL, Expresses Gratitude to the Chief Minister of Andhra Pradesh for Extending lease of RINL’s Garbham Manganese Mine Atul Bhatt, Chairman and Managing Director of Rashtriya Ispat Nigam Limited (RINL), has expressed his heartfelt gratitude to the Chief Minister of Andhra Pradesh, Shri Nara Chandrababu Naidu, for his visionary leadership in extending the lease of the Garbham Manganese Mine to RINL. This extension is a significant milestone for RINL, ensuring the sustained availability of manganese ore for…

Lucknow : Buyers from 72 countries will attend the second edition of the Uttar Pradesh International Trade Show, with approximately 400 already registered by August 9. These participants represent ten regions, from Europe to Oceania and Africa, and over 500 international buyers are anticipated. The event, set to take place from September 25 to 29 at the expansive India Exposition Mart in Greater Noida, promises to be a grand spectacle, even grander than its 2023 predecessor, with preparations already underway…

Telangana Chief Minister Revanth Reddy, along with IT and Industries Minister Sridhar Babu, recently met with Hyundai Motor officials in Seoul, South Korea, to explore investment opportunities aimed at bolstering the state’s economy. During the meeting, CM Reddy highlighted Telangana’s commitment to attracting major investments from global leaders and discussed the state’s industry-friendly environment. Chief Minister Reddy announced that Hyundai Motor Company, through its subsidiary Hyundai Motor India Engineering Pvt Ltd. (HMIE), is planning to establish a car testing facility…

Chief Minister Dr. Mohan Yadav was called on by a delegation of Merkaba ECDS, a joint venture company of South Korea and India, at Samatva Bhavan. The delegation gave a presentation regarding investment plans in various sectors in the state. Investments of 2 thousand crores have been proposed in about 20 projects in the first phase by Merkaba ECDS Company, which will create more than 25 thousand employment opportunities. On this occasion, Principal Secretary Industrial Policy and Investment Promotion Shri…