"Received a letter of intent (LoI) from REC Power Development and Consultancy Ltd— a wholly-owned subsidiary of REC Ltd — to acquire Jalpura Khurja Power Transmission Limited, a project special purpose vehicle (SPV). The estimated cost of the project is Rs 838 crore," Tata Power said.
"Received a letter of intent (LoI) from REC Power Development and Consultancy Ltd— a wholly-owned subsidiary of REC Ltd — to acquire Jalpura Khurja Power Transmission Limited, a project special purpose vehicle (SPV). The estimated cost of the project is Rs 838 crore," Tata Power said.
REC Ltd approves Rs 1.20 lakh crore line of credit for public sector power companies implementing rooftop solar projects under Pradhanmantri Suryodaya Yojana. The company to be project implementation agency for the rooftop solar project. Three segments covered: households, commercial/industrial, and government buildings. Government aims for 40 GW rooftop solar capacity.
REC said the latest scheme for households announced by PM Modi on January 22 would cover at least 10 GW of its 40 GW target of rooftop solar installations by 2026
The Nifty future closed positive with gains of 0.88% at 22140 levels on Monday. India VIX was up by 5.27% from 13.10 to 13.79 levels. Volatility was slightly on the rise and created momentum at lifetime high zones.