REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in FY 2024-25, up 18 per cent from Rs 1,614.62 billion last year. Net interest income increased by 27 per cent…
REC Power Distribution Company Limited (REC PDCL) has transferred Mahan Transmission Limited, a special purpose vehicle (SPV), to Adani Energy Solutions Limited (AESL). The handover, completed on March 26, 2025, follows a tariff-based competitive bidding (TBCB) process for selecting a transmission service provider (TSP). The project will be developed under the build, own, operate, and transfer (BOOT) model. The transmission system will evacuate 1,230 MW of power from the 2×800 MW thermal power project of…
India’s push for pumped storage projects (PSPs) gained momentum with two key agreements signed on March 11, 2025. THDC India Limited partnered with the Government of Chhattisgarh and Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop the Dangari Pumped Storage Project. Meanwhile, REC Limited committed significant funding for similar projects in Kerala. The Dangari PSP, to be implemented by CSPGCL, will have a capacity of 1,400 MW and will be located in Dangari village,…
REC has introduced a comprehensive framework to streamline vendor operations under PM Surya Ghar: Muft Bijli Yojna, facilitating the smooth rollout of rooftop solar systems. Appointed by the Ministry of New and Renewable Energy (MNRE) as the national registering authority and lead implementing agency, REC has outlined strict requirements for vendors. During registration, vendors must provide accurate and complete information, as false details will lead to application rejection. Vendors must ensure that all installed rooftop…
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has announced the incorporation of two new wholly owned subsidiaries: Mahan Transmission Limited and Kurnool-IV Transmission Limited. Mahan Transmission Limited will oversee the Transmission System for Evacuation of 1230 MW Power (MPPTCL portion) from the 2×800 MW thermal power project of Mahan Energen Ltd. Kurnool-IV Transmission Limited will manage the Transmission System for Integration of Kurnool-IV Renewable Energy Zone (Phase-I, 4.5…
Sunsure Energy has signed an agreement with REC for debt financing worth Rs 100 billion to support the development of 3 GW of solar, wind, hybrid, and battery energy storage system (BESS) projects. The deal was inked during the fourth Global RE-Invest Meet and Expo organized by the Ministry of New and Renewable Energy (MNRE) in Gujarat. This financing will enable Sunsure Energy to expand its portfolio of open-access hybrid projects across India, helping the…