BUSINESS
REC Limited Commits ₹8.44Crore Under CSR to support 1MW solar photovoltaic power plant in the Gandhigram Rural Institute, Tamil Nadu
New Delhi- 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…
Health Benefits in Term Insurance: A Solution for Rising Medical Costs in India
New Delhi – The cost of medical care in India has seen a sharp rise in recent years. Whether it’s due to advancements in healthcare technology, expensive diagnostic tests, or specialized treatments, affording quality healthcare can be a significant financial burden for many families. Amid this scenario, term insurance has emerged as an unlikely yet…
Adani Group partners with Gita Press to distribute 1 crore ‘Aarti Sangraha’ among Mahakumbh devotees
Ahmedabad : Adani Group has collaborated with Gorakhpur-headquartered Gita Press for free distribution of one crore copies of “Aarti Sangraha” among the devotees at Mahakumbh in Prayagraj. The book, a collection of devotional hymns or aartis, is published by Gita Press and the initiative will be part of Sanatan Sahitya Seva. Representatives of Gita Press,…
REC Commits ₹2.01 Cr Under CSR to Support Procurement of Health Equipments in Raipur, Chhattisgarh
New Delhi- REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with the District Health Society (DHS) Raipur under its Corporate Social Responsibility (CSR) initiative. REC has committed financial assistance of ₹2.01 crore for the procurement of health equipment for three Community Health…
Growth picks up in Q3 FY25, medium-term opportunities for India intact: Report
Mumbai- The Indian economy is showing early signs of growth pickup in Q3 FY25 as rural consumption is showing recovery due to a good monsoon season, which exceeded the long-term average by 8 per cent, according to a report on Wednesday. The BJP-led NDA government has regained momentum and their recent wins in state elections…
Adani stocks up on positive developments, market cap jumps to nearly Rs 12.8 lakh crore
Mumbai- Adani Group shares saw a bullish trend on Tuesday, as buying was seen in almost all of the group’s stocks, led by Adani Green Energy and Adani Power. At 1.19 p.m., Adani Green Energy gained 2.47 per cent, Adani Power gained 2.33 per cent, and Adani Energy Solutions gained 1.96 per cent.Apart from this,…
Indian realty sector sees 22 pc growth at $6.5 bn in 2024, foreign inflows surge
New Delhi- Led by the industrial and warehousing segment, the institutional investments in Indian real estate touched $6.5 billion inflows in 2024, a substantial 22 per cent increase from the previous year’s $5.4 billion, according to a report on Monday. Overall, at $4.3 billion, foreign inflows continued to drive annual real estate investments at 66…
REC disburses ₹54,692 Crore loan in Q3 FY25; Green loans up by 58.09% to ₹6,314 Crore
Gurugram- REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹54,692 crore, up 17.98% year-on-year for the Quarter ended December 31, 2024. The quantum of renewable energy loan disbursements grew 58.09% year-on-year to ₹6,314 crore in the corresponding period. For 9-months (Q1-Q3) FY24-25, REC disbursed total…
RECPDCL Handovers Rajasthan IV 4B Power Transmission Limited
New Delhi- RECPDCL Handovers Rajasthan IV 4B Power Transmission Limited, a Transmission Project Special Purpose Vehicle to Dineshchandra R. Agrawal Infracon Private Limited 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 a project specific SPV (Special…
REC Limited Commits Rs. 14 Crore under CSR for Advanced Cancer Treatment in Uttar Pradesh
New Delhi- REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement (MoA) with Sevarth Sansthan Seth Bimal Kumar Jain Trauma & Physiotherapy Dharmarth Samiti (SSB) under its Corporate Social Responsibility (CSR) initiative to provide financial assistance of Rs. 14 crore for the procurement of…