Iron ore surges $150 a ton after China eases steel’s green targets

REC Disburses Rs 546.92 Billion Loan in Q3 FY25

REC Limited, a Maharatna CPSE under the Union Ministry of Power and a leading NBFC, has reportedly disbursed loans worth Rs 546.92 billion (bn), up 17.98 per cent year-on-year (Y-o-Y )for the Quarter ended December 31, 2024. The quantum of renewable energy loan disbursements grew 58.09 per cent Y-o-Y to Rs 63.14 bn in the corresponding period. For 9-months (Q1-Q3) FY24-25, REC disbursed total loans amounting to Rs 1456.47 bn, which is higher by 19.30 per cent compared to Rs 1220.89 bn disbursed in corresponding period of FY23-24. Of this, renewable energy loans aggregated to Rs 176.12 bn, up 7..

KEC Bags Orders of Rs. 10.97 Billion in International T&D Business

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 10.97 billion (bn) in its Transmission and Distribution (T&D) business. The company has won an order for setting up of 400 kV Transmission lines in UAE. It has also received an order for the supply of towers, hardware and poles across the United States, Mexico and Brazil. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We are delighted with the continuous success in our T&D business, demonstrated by the series of significant order wins. The consistent flow ..

IHCL to Open Gateway Resort in Gwalior

Indian Hotels Company (IHCL), India’s largest hospitality chain, has announced the signing of a new resort in Gwalior, Madhya Pradesh. Branded under the Gateway label, the resort marks an important addition to IHCL’s growing footprint in the region. Commenting on the development, Suma Venkatesh, Executive Vice President – Real Estate and Development, said, “Gwalior, with its rich heritage and growing infrastructure, is emerging as a key destination in central India. This signing reflects our strategy of expanding in key cultural and economic centres across the country. We are delighte..