Category: PSU BUZZ

POWERGRID signs joint venture agreement with Nepal Electricity Authority

Power Grid Corporation of India Limited (POWERGRID), a Maharatna Central Public Sector Enterprise under the Ministry of Power, has entered into a Joint Venture and Shareholders’ Agreement with the Nepal Electricity Authority (NEA) for the development of a high-capacity cross-border power transmission system. The agreement was signed in the presence of His Excellency Kulman Ghising, […]

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REC Limited and Sagarmala Finance Corporation Limited (SMFCL) sign MoU to boost Maritime Infrastructure Financing

Mumbai, October 29, 2025: REC Limited and Sagarmala Finance Corporation Limited (SMFCL), have signed a Memorandum of Understanding (MoU) today at the India Maritime Week 2025 in Mumbai. The MoU was formally signed between Smt. Saraswathi, ED (Infrastructure and Logistics), REC Limited, and Shri A. C. Nayak, Director (Finance), joined by Shri S. T. Selvam, […]

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Oil India Ltd observes “Vigilance Awareness Week 2025”

Oil India Limited (OIL) is observing Vigilance Awareness Week (VAW) 2025 from October 27 to November 2, under the aegis of the Central Vigilance Commission (CVC).The theme for this year is “Vigilance: Our Shared Responsibility.”The inaugural ceremony, held at OIL’s Corporate Office in Noida, featured the administration of the Integrity Pledge by Dr Ranjit Rath […]

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HAL and UAC Ink MoU in Moscow to manufacture SJ-100 Aircraft in India

Hindustan Aeronautics Limited (HAL) and Russia’s Public Joint Stock Company United Aircraft Corporation (PJSC-UAC) have signed a Memorandum of Understanding (MoU) in Moscow to jointly manufacture the civil commuter aircraft SJ-100 in India. The agreement was signed by Shri Prabhat Ranjan from HAL and Mr. Oleg Bogomolov from PJSC UAC, in the presence of Dr. […]

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PFC observes “Vigilance Awareness Week 2025” with the theme “Vigilance – our shared Responsibility”

Power Finance Corporation Ltd. (PFC), a Maharatna CPSE under the Ministry of Power, is observing Vigilance Awareness Week 2025 from October 27 to November 2, 2025, reaffirming its unwavering commitment to the principles of integrity, transparency, and accountability in all spheres of its functioning. The week-long observance began with the administration of the Integrity Pledge […]

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POWERGRID strengthens National Grid with acquisition of two major transmission projects

Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU under the Ministry of Power, has further bolstered India’s electricity network by acquiring two key TBCB (Tariff-Based Competitive Bidding) projects — Vindhyachal Varanasi Transmission Limited and SR WR Power Transmission Limited — worth Rs. 3,375 crore (estimated). The Vindhyachal Varanasi Transmission Project, acquired from PFC […]

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RECPDCL hands over Ananthapuram II Power Transmission Limited, a SPV of Inter State Transmission Project, to M/s Shivalaya Construction Limited

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, Ananthapuram II Power Transmission Limited to M/s Shivalaya Construction Limited on 17th October 2025. […]

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REC declares 2nd interim dividend of Rs. 4.6 per share

HIGHEST EVER PROFIT AFTER TAX OF Rs. 8,877 CRORE AND DISBURSEMENT OF Rs. 1,15,470 CRORE IN H1 FY2026 Delhi, October 17, 2025: The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the period ended September 30, 2025. Operational and Financial Highlights: H1 FY26 vs H1 FY25 […]

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RECPDCL hands over SR WR Power Transmission Limited, a SPV of Inter State Transmission Project, to M/s Power Grid Corporation of India Limited

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, SR WR Power Transmission Limited to M/s Power Grid Corporation of India Limited on […]

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