The company’s official filing is to inform that ERES-XXXIX Power Transmission Limited, has been incorporated as a Wholly Owned Subsidiary of REC Power Development & Consultancy Limited (a Wholly Owned Subsidiary of REC Limited). The said company is also a subsidiary company of REC Limited, in terms of the provisions of Section 2(87) of the Companies Act, 2013. The name of the arm is ERES-XXXIX Power Transmission Limited with Authorized Capital of Rs 5,00,000 and Paid Capital o
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Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The 180 MW solar plant will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and reducing around 0.39 million tonnes of CO2 emissio
Tata Passenger Electric Mobility Ltd. (TPEM), has signed an MOU with Hindustan Petroleum Corporation Ltd. (HPCL) to collaborate in establishing public charging stations across India. The collaboration will leverage HPCL’s widespread fuel station network and TPEM’s insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners. Additionally, HPCL will gather insights on charger usage to improve the customer experience.
Out of Gross Market borrowing of ?14.13 lakh crore projected for FY 2024-25 in the Union budget, ?7.50 lakh crore (53.08%) is planned to be borrowed in the first half (H1) through dated securities, including ?12,000 crore through issuance of Sovereign Green Bonds (SGrBs). It has been decided to introduce a new dated security of 15-year tenor based on global market practice. The Government will continue to reserve the right to exercise the greenshoe option to retain an additiona
The Life Insurance Corporation of India (LIC) has reported that tax authorities have issued a demand notice amounting to approximately Rs 178 crore for underpayment of Goods and Services Tax (GST) over two financial years. As per the company’s exchange filing report, the company received a communication or demand order for interest and penalty from the Additional Commissioner of Central GST & Central Excise in Jamshedpur. This demand notice is specifically related to th
According to the official statement released by the company, under the 25th e-auction for commercial space at the World Trade Center (WTC) in Nauroji Nagar here, NBCC achieved the highest sale realization to date with the sale of 4.8 lakh square feet of commercial space for ?1,905 crore. Out of the total area sold, around 4.38 lakh square feet having an approximate sale value of ?1,740 crore or equivalent have been sold to public sector undertaking entities. The total number of suc
The Board members of the State-owned REC Ltd on Wednesday approved an overall borrowing limit of Rs 1,60,000 crore for 2024-25. The board members after the meeting have approved a borrowing limit of Rs 1.6 lakh crore, including Rs 1,45,000 bonds and term loans, Rs 5000 crore of short-term loans along with Rs 10,000 crore of commercial papers as per REC filing on exchange. Funds under the proposed borrowing program for 2024-25 shall be raised for different maturities, thr
The order has been received for the Supply of equipment (Boiler, Turbine, Generator) and supervision of Erection & Commissioning for a 2x800 MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh. The boiler and Turbine Generator are to be manufactured at BHEL’s Trichy and Haridwar plants respectively. The order has been categorized under the Domestic entity. While, the order has been made to supply equipment like Boiler, Turbine, Generator,
According to the exchange filing made by the company, it is to inform that the Board of Directors of NHPC Limited in its meeting held on Wednesday, 27th March 2024 had formally considered and approved the proposal for raising Debt to Rs.6,100 crore during financial year 2024-25 through issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans/External
Kolkata: Garden Reach Shipbuilders and Engineers Ltd. (GRSE), has bagged Awards in Communication Outreach, Reskilling of Employees (Training & Development) and Nation Building categories at the 10th Governance Now PSU Awards. CGM (Corporate Planning & Corporate Communication), GRSE, Cdr Bhaskar Sengupta, received the awards on behalf of GRSE presented by Smt. Nirmal Kaur, IPS, Former DGP, Jharkhand and Padma Shree Dr Sanjeev Bagai, Chairman, Nephron Clinic at an award function in N
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