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Ampere, the E2W brand of Greaves Electric Mobility Limited (“GEML”), with portfolio of record-breaking electric scooters, announced a partnership with Muthoot Capital Services one of India’s most trusted retail NBFCs. The partnership is aimed to make electric mobility ownership more accessible and affordable across India and help accelerate EV adoption. This will also offer customers convenient, flexible and customer-centric retail financing solutions for Ampere’s complete range of electric two-wheelers.

The partnership is designed to bridge affordability barriers by offering financing solutions tailored to diverse income profiles and mobility needs. Flexible repayment options of the collaboration are expected to broaden access to electric mobility by making ownership more convenient, affordable and financially sustainable for EV buyers, salaried professionals, self-employed individuals, gig workers or small business owners.

Speaking on the partnership, Manoj M. P., Chief Business Officer, Greaves Electric Mobility, said, “At Ampere, our focus has always been on making mobility accessible, affordable and practical for every Indian customer. Financing plays a very crucial role in this journey, especially in supporting EV buyers. Our partnership with Muthoot Capital Services Ltd. brings together trusted and our growing electric two-wheeler portfolio to offer seamless and customer-centric ownership solutions. Together, we aim to remove financial barriers, empower customers with greater choice and convenience, and accelerate the adoption of clean mobility across Bharat.”

Mr. Mathews Markose, CEO, Muthoot Capital Services Ltd., said, “At Muthoot Capital, our purpose has always been to make mobility financing accessible, responsible, and inclusive for every Indian. As the country transitions towards cleaner and more sustainable transportation, financing will play a pivotal role in accelerating EV adoption beyond metropolitan cities and into the heart of Bharat. Our partnership with Ampere brings together Ampere and Muthoot, two trusted brands, with a shared vision of democratizing access to electric mobility.

With our deep understanding of retail financing, extensive customer reach, and technology enabled lending capabilities, we are committed to delivering seamless, transparent, and affordable financing solutions that empower customers to embrace electric mobility with confidence. This collaboration is not merely about financing vehicles, it is about enabling aspirations, supporting livelihoods, and contributing meaningfully to India’s sustainable mobility journey. We believe this partnership will create long-term value for customers, dealers, and the broader EV ecosystem while reinforcing our commitment to responsible growth and innovation.”

Tata Power, one of India’s largest vertically integrated power companies, today reported a Profit after Tax (PAT) of ₹ 1,401 crore, up 11 % YoY, for the first quarter ended June 30, 2026. The Company’s revenue grew to ₹ 18,898 crore, up 8% YoY; while EBITDA rose to ₹ 4,249 crore, up 8% YoY.

The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.

As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.

The company reported a steady financial performance in Q1 FY27, with consolidated revenue increasing by 8% year-on-year to ₹18,898 crore, compared to ₹17,464 crore in Q1 FY26. EBITDA also grew by 8% to ₹4,249 crore, up from ₹3,930 crore in the corresponding quarter last year, reflecting consistent operational performance. Reported Profit After Tax (PAT) rose by 11% year-on-year to ₹1,401 crore, compared to ₹1,262 crore in Q1 FY26, demonstrating continued profitability and resilient earnings growth.

Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects. This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap. The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”

Business Highlights – Q1 FY27

Generation

• Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
• Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
• At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.

Renewables

• The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
• Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
• Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
• Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
• Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.

Transmission & Distribution

• Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
• Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.

Electric Mobility

• Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
• Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
• Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.

PFC Consulting Limited (PFCCL) has invited bids for the selection of a Transmission Service Provider (TSP) to establish the 765 kV Grid Substation (GSS) at Babai along with its associated intra-state transmission system in Rajasthan. The project will be implemented through tariff-based competitive bidding (TBCB) on a Build, Own, Operate and Transfer (BOOT) basis.

PFCCL has been appointed as the Bid Process Coordinator (BPC) by the Energy Department, Government of Rajasthan, for the selection of the successful bidder. The selected developer will acquire 100% equity in Babai Transmission Limited, the special purpose vehicle (SPV) incorporated for implementing the project, and will be responsible for financing, designing, engineering, procurement, construction, commissioning, operation, and maintenance of the transmission system.

The transmission project has been planned to facilitate the evacuation of approximately 5,760 MW of renewable energy from Rajasthan while strengthening power supply to the Babai, Jhunjhunu, Sikar, and Jaipur regions. The initiative forms part of the Green Energy Corridor Phase III, addressing the growing renewable energy generation in western Rajasthan and the need for enhanced transmission infrastructure.

The project scope includes the establishment of a new 765/400/220 kV AIS substation at Babai, equipped with 2×1500 MVA 765/400 kV transformers, 2×500 MVA 400/220 kV transformers, switchable bus reactors, line reactors, and multiple transmission bays. It also covers the construction of several high-voltage transmission lines, including the 765 kV double-circuit Babai–Alwar line, 400 kV Babai–Amber line, 400 kV Babai–Babai line, 220 kV Babai–Beri Bhajangarh line, and the LILO of the 220 kV Chirawa–Khetri transmission line. The entire project is scheduled for completion within 30 months from the effective date.

According to the RFP, the selected TSP will also be responsible for securing statutory approvals, obtaining the transmission licence from the Rajasthan Electricity Regulatory Commission (RERC), arranging financing, land acquisition support, environmental and forest clearances, and undertaking the operation and maintenance of the assets throughout the concession period. The transmission assets will be transferred to the State Transmission Utility after 35 years from the commercial operation date, at zero cost and free from encumbrances.

The project has been conceived to strengthen Rajasthan’s transmission infrastructure for large-scale renewable energy integration, improve grid reliability, and support the state’s expanding clean energy capacity under its long-term power sector development plans.

Vena Energy, the renewable energy arm of Vena Group, today announced the successful financial close of the 500 MWp Ixus Bugallon Solar Power Project in Bugallon, Pangasinan, Philippines. 

The project represents another significant milestone in Vena Energy’s continued investment in the Philippines renewable energy sector. Located adjacent to the existing 550 MWp Bugallon Solar Power Project also developed by Vena Energy, the Ixus Bugallon Solar Power Project will increase Vena Energy’s capacity in Pangasinan to approximately 1 GWp upon completion, further strengthening one of the country’s largest solar development clusters. Awarded under the Philippine Department of Energy’s second Green Energy Auction Program (GEAP 2), the project supports the country’s renewable energy ambitions and reinforces Vena Energy’s commitment to clean energy transition in the Philippines.  

Once operational, the project is expected to generate enough renewable power to supply the equivalent annual electricity needs of approximately 650,000 Philippine households, while avoiding more than 570,000 tons of CO2 emissions annually, equivalent to removing around 125,000 vehicles from the road or planting 9.5 million trees. The project is also expected to save an estimated 830 million litres of water per year compared to conventional energy generation. 

“Achieving financial close for the Ixus Bugallon Solar Power Project reflects the continued confidence of our banking partners in Vena Energy’s ability to develop, finance and deliver large-scale renewable energy infrastructure. As the Philippines advances its clean energy transition, we remain committed to mobilising long-term capital for projects that strengthen energy security and deliver lasting value to communities and stakeholders.”, said Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus

The project secured approximately USD 310 million in senior debt financing from a syndicate of eight international banks: BNP Paribas, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., ING Bank N.V., Intesa Sanpaolo S.p.A., MUFG Bank Ltd., Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.  

The financing marks another significant mobilisation of international bank capital into the Philippine renewable energy sector, reflecting Vena Energy’s ability to develop high-quality, bankable projects that attract long-term international funding. 

The Solar Energy Corporation of India (SECI) has invited bids from Solar Power Developers (SPDs) for the development of 5.29 MW (5,290 kW) of grid-connected rooftop solar photovoltaic (RTSPV) projects under the RESCO (Renewable Energy Service Company) mode through tariff-based competitive bidding. The initiative forms part of RTSPV Tranche-XII and aims to expand rooftop solar deployment across multiple client organisations.

Under the tender, the selected developers will be responsible for the complete design, engineering, procurement, supply, installation, testing, commissioning, and operation and maintenance (O&M) of the rooftop solar projects throughout the term of the Power Purchase Agreement (PPA). The scope also includes obtaining grid connectivity approvals, net-metering permissions, insurance, and all statutory clearances required for project execution.

The projects will be implemented under the RESCO model, wherein developers will invest in, own, operate, and maintain the rooftop solar plants while supplying electricity to the respective client organisations. The rooftop solar systems will primarily utilise photovoltaic technology, with the tender remaining technology-agnostic for eligible solar PV solutions.

SECI stated that the estimated cumulative project capacity is around 5,290 kW, while the final capacity for each project will be confirmed during the execution of the Power Purchase Agreement following site assessments and mutual agreement between the developer and the client organisation.

According to the tender conditions, the selected developers will sign separate Power Purchase Agreements (PPAs) with the respective client organisations. Each PPA will remain valid for 25 years from the commercial operation date (COD) of the project, providing long-term revenue visibility for developers.

The tender also requires developers to submit performance guarantees and service charges before PPA execution. SECI will facilitate the PPA signing process after verifying compliance with the tender’s technical, financial, and shareholding requirements. Developers executing projects through Special Purpose Vehicles (SPVs) must maintain the prescribed controlling shareholding for at least one year after project commissioning.

The initiative is expected to support India’s rooftop solar expansion by enabling government and institutional consumers to adopt clean energy under the RESCO model while reducing upfront investment requirements. The projects will also contribute to increasing distributed renewable energy capacity and advancing the country’s clean energy transition.

Waaree Renewable Technologies Limited (WRTL), one of India’s leading Engineering, Procurement and Construction (EPC) companies in the renewable energy sector and a subsidiary of Waaree Energies Limited, announced the signing of an ECI (Early Contractor Involvement) Agreement with a special purpose vehicle of a top global independent power producer (IPP) (“Principal”), to develop a utility-scale solar photovoltaic (PV) project integrated with a Battery Energy Storage System (BESS) in New Zealand.

The project will be undertaken in consortium with two experienced local companies, with WRTL leading solar supply and engineering, marking WRTL’s strategic entry into the Australia and New Zealand (ANZ) renewable energy market. The ECI is signed for limited early work; upon completion of ECI work, the Principal may sign the EPC contract for the project with the consortium.

The project is expected to become one of New Zealand’s largest solar energy projects upon completion. The integrated renewable energy and storage solution will support the country’s transition towards a cleaner energy mix while enhancing grid reliability, improving energy resilience, and enabling greater integration of renewable power.

The ECI agreement represents a significant milestone in WRTL’s international growth journey and underscores the company’s commitment to expanding its presence in high-growth global renewable energy markets. By partnering with established local companies, WRTL will combine its proven EPC expertise and project execution capabilities with local market knowledge to deliver a world-class renewable energy asset.

The ANZ region continues to be an attractive destination for renewable energy investments, supported by ambitious decarbonization targets, growing electricity demand, and increasing deployment of energy storage solutions. WRTL’s entry into this market aligns with its long-term vision of becoming a globally recognized renewable energy solutions provider while contributing to the energy transition in developed markets.

Mr. Sunil Rathi, Executive Director, Waaree Renewable Technologies Limited, said, “This agreement marks an important milestone in Waaree Renewable Technologies Limited’s international expansion strategy. Entering the ANZ market through this proposed landmark project in New Zealand reflects our confidence in the region’s renewable energy potential and our ability to execute large-scale, technologically advanced clean energy projects. We are pleased to collaborate with experienced local partners and look forward to delivering a project that supports New Zealand’s clean energy ambitions while strengthening WRTL’s global footprint.”

The project positions WRTL to pursue further opportunities across the ANZ region and other international markets, building a diversified global portfolio and long-term stakeholder value.

Emmvee Photovoltaic Power Limited reported its strongest first-quarter performance to date for the quarter ended June 30, 2026, with profit after tax (PAT) more than doubling year-on-year. The company’s PAT increased by 103% to ₹380.3 crore, while revenue from operations grew 51% year-on-year to ₹1,555.5 crore, compared to ₹1,027.8 crore in Q1 FY26.

The company achieved its highest-ever quarterly performance, supported by increased production volumes, improved capacity utilisation, and deeper integration of internally manufactured solar cells. Emmvee reported record EBITDA and PAT margins of 35.24% and 24.2%, respectively, reflecting operational efficiency and improved manufacturing integration.

The Board of Directors approved the unaudited financial results for Q1 FY27 at its meeting held on July 15, 2026. Following the strong quarterly performance, the company has set an FY27 EBITDA target of ₹2,400 crore and expects stable EBITDA per watt of approximately ₹2.5 for modules and ₹6.5 for solar cells.

During the quarter, EBITDA increased by 56% year-on-year to ₹548.1 crore, compared to ₹350.5 crore in Q1 FY26. The EBITDA margin improved to 35.24% from 34.10%, registering an expansion of 114 basis points. The company’s Profit Before Tax (PBT) grew by 96% to ₹469.6 crore, compared to ₹240.2 crore in the corresponding quarter last year. The company reported a basic and diluted EPS of ₹5.49, while the paid-up equity share capital remained unchanged at ₹13,846.90 lakh.

Emmvee recorded a strong improvement in manufacturing output during Q1 FY27, achieving its highest-ever quarterly production volumes. Solar module production increased by 53% year-on-year to 970 MW, while solar cell production grew 26% to 454 MW. The effective solar cell capacity utilisation improved significantly to 83%, compared to 68% in Q1 FY26, supported by higher internal cell consumption and improved operational efficiency.

As of the end of Q1 FY27, Emmvee had an installed annual manufacturing capacity of approximately 10.3 GW for solar modules and 2.94 GW for TOPCon solar cells. The company continues to strengthen its integrated solar manufacturing capabilities to meet growing demand across domestic and international markets.

During the quarter, the company secured order inflows of 1.48 GW, taking its total order book to an all-time high of approximately 9.9 GW. The order pipeline is diversified across independent power producers (IPPs) and commercial and industrial (C&I) customers, with a repeat customer rate of 57%, reflecting strong customer relationships and market confidence.

On the expansion front, Emmvee’s 6 GW integrated TOPCon cell and module expansion project remains on schedule. The module line is expected to be commissioned by December 2026, while the cell line is targeted for completion by March 2027. Upon completion, the company’s total manufacturing capacity is expected to increase to approximately 16.3 GW for solar modules and 8.9 GW for solar cells by the end of FY27.

The total investment for this expansion is estimated at ₹5,500 crore, with ₹3,300 crore of debt funding already tied up at a cost of below 8%. The expansion will further strengthen Emmvee’s position as an integrated solar module and cell manufacturer.

Additionally, the company has outlined a medium-term plan for 9 GW backward integration into ingot and wafer manufacturing, to be implemented in two phases — 5 GW by FY29 and 4 GW by FY30. The timeline will depend on clarity regarding ALMM List III requirements and prevailing market conditions, with funding expected to be largely supported through internal accruals.

With strong financial performance, expanding manufacturing capacity, and a robust order pipeline, Emmvee Photovoltaic Power continues to strengthen its position in India’s growing solar manufacturing ecosystem.

Bondada Engineering Limited has acquired a 60% equity stake in Onix IPP Private Limited, thereby securing a controlling interest in a 225 MW (AC) solar power portfolio. This strategic move positions the company to generate predictable annuity-based revenues from a government-backed agricultural feeder solarisation programme in Maharashtra. The acquisition complements the group’s existing annuity income from Battery Energy Storage System (BESS) assets, strengthening its portfolio of steady and recurring cash flows.

The transaction was disclosed on July 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI master circular for Compliance Circular No. HO/49/14/14(7)-CFD-POD2/1/3762/2026 dated July 11, 2023. The company confirmed that all requisite regulatory and governmental approvals have been obtained, and the acquisition is completed.

Onix IPP Private Limited serves as the Special Purpose Vehicle (SPV) for the implementation of the solar power project under Mukhyamantri Saur Krushi Vahini Yojana 2.0. This initiative operates under Component C of the PM-KUSUM Scheme in the State of Maharashtra. The SPV holds a power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a period of 25 years. The agreement secures an estimated annual revenue of approx. INR 150.48 Crs.

The acquisition structure involved a cash consideration for 6000 shares at a face value of Rs.10 each. This transaction grants Bondada Engineering Limited 60% of the paid-up equity share capital of Onix IPP Private Limited, establishing it as the majority shareholder. The deal is not classified as a related party transaction.

The transaction involves the acquisition of a 60% stake in Onix IPP Private Limited, which owns a 225 MW (AC) solar power project developed under the PM-KUSUM Scheme (Component C). The project has a power offtake agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a period of 25 years. The project is expected to generate an estimated annual revenue of approximately INR 150.48 crore, strengthening the company’s presence in India’s renewable energy sector and expanding its portfolio of solar assets.

The acquisition marks a significant step in Bondada Group’s objective to establish a presence in renewable energy asset ownership and creation. By integrating this 225 MW solar portfolio, the company diversifies its revenue streams beyond its core engineering operations. The long-term nature of the PPA with MSEDCL provides visibility into future cash flows, aligning with the group’s focus on stable, recurring income sources. This addition to the renewable energy IPP portfolio enhances the company’s balance sheet resilience through low-risk, government-backed assets.

SJVN Limited has issued a retender for the development of Battery Energy Storage System (BESS) projects under its Battery Energy Storage Purchase Agreement (BESPA) framework, aimed at strengthening India’s energy storage infrastructure and supporting grid flexibility.

The tender seeks participation from Battery Energy Storage System Developers (BESSDs) for setting up, owning, operating, and supplying battery storage capacity as per the provisions of the Request for Selection (RfS) documents and Letter of Award (LoA). The selected developers will be responsible for developing the projects on a Build-Own-Operate (BOO) basis.

The proposed BESS projects will include electrochemical battery technologies such as lithium-ion, lead-acid, solid-state batteries, and flow batteries, along with associated systems including Battery Energy Management Systems (BEMS), transmission facilities, switchyard equipment, and other supporting infrastructure required for efficient operation.

As per the tender documents, the selected projects will be eligible for Viability Gap Funding (VGF) support. Under Project-1, a 250 MW/500 MWh BESS capacity has been earmarked with VGF support of up to ₹18 lakh per MWh under the VGF scheme supported through the Power System Development Fund (PSDF). Another project category includes 15 MW/30 MWh BESS capacity, with VGF support available under the State Component of the VGF Scheme.

The BESS projects will play a key role in improving grid stability, enabling renewable energy integration, and supporting peak power management. The agreement framework specifies that the contracted storage capacity will be supplied to SJVN for onward sale to buying entities under the Battery Energy Storage Sale Agreement (BESSA).

Under the agreement, developers will be responsible for project development activities including land arrangements, obtaining necessary approvals and clearances, construction, commissioning, grid connectivity, and operation of the storage systems. Developers will also be required to maintain technical performance parameters, including minimum annual average availability of 95% and round-trip efficiency of 85% for the BESS system.

The selected developers will have an agreement tenure of 12 years from the effective date, with provisions for further extension subject to mutual agreement and regulatory approvals.

The initiative reflects SJVN’s efforts to accelerate large-scale energy storage deployment and support India’s transition towards a more reliable, renewable-powered electricity grid.

The Board of Directors of REC Limited approved the standalone and consolidated financial results for the quarter ended June 30, 2026. 

Operational and Financial Highlights: Q1 FY27 vs Q4 FY26
–   Net interest income: ₹5,212 crore Vs ₹4,961 crore up by 5%
–   Net Profit: ₹4,149 crore Vs ₹3,362 crore, up by 23%

Despite a dynamic operating environment, REC sustained a healthy NIM of 3.34%, reflecting the strength of its lending portfolio and disciplined financial management. Consequently, the Company delivered an annualised EPS of ₹63.04 per share for the quarter ended June 30, 2026, underscoring its robust earnings performance.

REC’s standalone loan book stood at ₹5.90 lakh crore as on June 30, 2026 which is the largest for any CPSU-NBFC in India, demonstrating the strength and stability of its lending operation. Aided by growth in profits, the Net Worth has grown by 15% on Y-o-Y basis to ₹91,836 crore as on June 30, 2026.

The renewable energy portfolio continued to witness robust traction, growing to ₹78,596 crore, constituting 13.32% of the overall loan composition, reinforcing REC’s commitment to fostering sustainable infrastructure development and accelerating the growth of green energy in India. The infrastructure and logistic portfolio has grown to ₹59,289 crore, which is over 10% of the overall loan assets.

Driven by sustained initiatives to improve asset quality, the Company has reduced its Stage-3 loan asset-to-total-loan-portfolio ratio to near-zero levels, i.e., 0.11%.

Indicating the ample opportunity to support future growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a comfortable 23.06% as at June 30, 2026, against the regulatory minimum of 15% as mandated by the RBI.

In line with its consistent dividend distribution track record and commitment to enhancing shareholder returns, the Board of Directors of the Company has declared the First Interim Dividend of ₹4.25 per equity share (face value ₹10 each).

The strengthening fundamentals of the Indian power sector have contributed to the improved financial position of power utilities, resulting in stronger overall credit profiles and consequently lower provisioning requirements. Reflecting its customer-centric approach, REC proactively shared these benefits with borrowers by rationalizing lending rates, resulting in a yield of 9.55% in Q1-FY 2026-27.

The Company was recognized with the ‘NBFC of the Year’ Award at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026 and the ‘AI & GenAI Adoption Excellence Award’ at the 2nd Bharat PSU Manthan & Excellence Awards 2026, underscoring its strong business performance, digital innovation, and leadership in leveraging advanced technologies to drive operational excellence and enhance customer experience.

REC Limited is strategically broadening its business footprint through targeted investments in conventional power, renewal energy and infrastructure & logistics development in the country apart from being a strategic partner to government of India in implementing the government programs, policy and reforms in the country and steadily fostering long term growth.