REC, MP Govt Tie-up to Support Power Sector
POWER & RENEWABLE ENERGY

REC, MP Govt Tie-up to Support Power Sector

REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh at the Global Investors Summit 2025 in Bhopal. Under this agreement, REC has committed to providing financial support of Rs 210 billion over the next five years for the development of power sector infrastructure in the state.

The MoU was signed in the presence of Dr. Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh; Neeraj Mandloi, Additional Chief Secretary (Energy); Avinash Lawania, IAS, Managing Director, Madhya Pradesh Power Management Company Limited (MPPMCL); Pradeep Fellows, Executive Director, REC Limited; Shri Satyaban Sahu, Chief Project Manager (Bhopal), REC; and other senior officials from MPPMCL and REC Limited.

This MoU marks a significant step towards enhancing the power supply network in Madhya Pradesh and accelerating the state’s transition towards renewable energy. The investment will focus on strengthening transmission and distribution infrastructure, promoting sustainable energy solutions, and improving overall power reliability for industries, businesses, and households across the state.

REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh at the Global Investors Summit 2025 in Bhopal. Under this agreement, REC has committed to providing financial support of Rs 210 billion over the next five years for the development of power sector infrastructure in the state. The MoU was signed in the presence of Dr. Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh; Neeraj Mandloi, Additional Chief Secretary (Energy); Avinash Lawania, IAS, Managing Director, Madhya Pradesh Power Management Company Limited (MPPMCL); Pradeep Fellows, Executive Director, REC Limited; Shri Satyaban Sahu, Chief Project Manager (Bhopal), REC; and other senior officials from MPPMCL and REC Limited. This MoU marks a significant step towards enhancing the power supply network in Madhya Pradesh and accelerating the state’s transition towards renewable energy. The investment will focus on strengthening transmission and distribution infrastructure, promoting sustainable energy solutions, and improving overall power reliability for industries, businesses, and households across the state.

Next Story
Real Estate

Mahindra Lifespaces Unveils ‘Home of Positive Energy’

Mahindra Lifespaces has introduced ‘Home of Positive Energy’, a brand philosophy aimed at enhancing well-being through thoughtful design, natural light, and green spaces. The launch includes a digital video campaign (DVC) and a Mobile Experience Centre—a first-of-its-kind traveling showcase across Mumbai.CMO Abhimanyu Mathur stated, “Every Mahindra home is designed as a sanctuary that nurtures aspirations and daily life.” The campaign, developed with The Womb, emphasizes differentiation beyond location and amenities, making well-being central to Mahindra Lifespaces’ identity.With t..

Next Story
Real Estate

Mumbai Registers 11,541 Property Deals in February 2025

According to Knight Frank India, while property registrations in the Mumbai real estate market have moderated, signs of stabilisation are emerging. The market saw a 4 per cent Year-on-Year (YoY) decline in registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, based on data from the Maharashtra Inspector General of Registration (IGR).Nevertheless, stamp duty collections remained steady in February 2025, reaching Rs 8.96 billion (bn), which is almost identical to the Rs. 8.85 bn collected in February 2024. On a month-on-month comparis..

Next Story
Resources

Godrej Expands Smart Security Portfolio

Godrej Security Solutions has launched a new range of premium home lockers, blending sophisticated design with advanced security. The company aims for 20% growth in FY26 and a 70% market share in the home locker segment.The new lineup—NX Pro Slide, NX Pro Luxe, Rhino Regal, and NX Seal—features dual-mode access (digital & biometric), intelligent alarms, and space-efficient interiors. Additionally, the Defender Aurum Pro Royal Class E safe meets the BIS-certified QCO mandate for jewellers, while the AccuGold iEDX Series supports precise, non-destructive gold testing.Godrej is expanding ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?