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REC board approves Rs 1.55 trillion bond plan, to strike off Rajgarh III SPV
REC Ltd has announced two major decisions following its board meeting held on June 4, 2025. First, the company plans to raise to Rs 1.55 trillion through private placement of unsecured or secured non-convertible debentures or bonds. This fundraising, subject to shareholder approval, will take place over the next year in one or more tranches,…
REC PDCL invites bids for two 400 kV substations in Karnataka
REC Power Distribution Company Limited (REC PDCL) has launched a bidding process to select transmission service providers (TSPs) for two major transmission projects in Karnataka. The bids were invited on April 30, 2025, through tariff-based competitive bidding (TBCB) on a build, own, operate, and transfer (BOOT) basis. The last date to submit bids is July…
India | Leadership | NewsPFC appoints V. Packirisamy as Director (Commercial), Pankaj Gupta to Board
Power Finance Corporation Limited (PFC) has appointed V. Packirisamy as Director (Commercial) and Pankaj Gupta as Part-time Non-Official Director on its Board, following orders issued by the Ministry of Power. The Board approved the appointments on June 24, 2026. Packirisamy assumed charge on June 2, 2026, while Gupta took charge on June 22, 2026. Packirisamy’s…
Adani Green commissions 275 MW solar project at Khavda RE park
Adani Renewable Energy Fifty Seven Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has begun commercial operations of a 275 MW solar power project in the Khavda Wind-Solar Hybrid Renewable Energy Power Park. The project is located in the Rann of Kutch district of Gujarat and is part of the larger 30,000 MW…
India peak power demand reaches 245,416 MW in January 2026
India recorded a peak power demand of 245,416 MW in January 2026, with the national grid maintaining frequency within the standard band for over 78% of the time, according to the monthly operational report released by Grid Controller of India Limited (Grid-India). The all-India peak demand of 245,416 MW was recorded on January 9, 2026…
IndiGrid to acquire NERES XVI transmission project from Techno Electric
IndiGrid Infrastructure Trust (IndiGrid) has signed definitive agreements with Techno Electric & Engineering Company Ltd (TEECL) to acquire NERES XVI Power Transmission Ltd (NPTL), an interstate transmission project in the Northeast, following its commissioning and receipt of necessary approvals. The project includes a 400/220/132 kV substation with a total transformation capacity of 1,400 MVA and…
