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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 of orders from..
Industry Urges PLI scheme to Boost Domestic Electric Air Taxi Production
Electric vertical take-off and landing (eVTOL) aircraft, commonly known as air taxis, represent the next significant advancement in air mobility. Across the globe, prototypes are being tested while regulatory frameworks are still in their formative stages. Countries like China, the US, and the UAE are actively preparing for this emerging mode of transportation. In India, the Confederation of Indian Industry (CII) has recommended that the government extend the Production Linked Incentive (PLI) scheme to support domestic manufacturing of eVTOLs. Currently, the Ministry of Civil Aviation offers ..
