News Updates

REC signs MoU with RVNL, to fund infrastructure projects

REC Limited signed an MoU with RVNL to finance upto Rs 35,000 crore for infrastructure projects to be executed by RVNL over the next five years

PSU Watch Bureau

New Delhi: REC Limited signed an MoU with RVNL to finance upto Rs 35,000 crore for infrastructure projects to be executed by RVNL over the next five years. These projects constitute multi modal logistics hub projects , rail infrastructure projects, road, port, and metro projects where RVNL has forayed into.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

REC Limited's Director (Finance) Ajoy Choudhury and RVNL's Director (Operations) Rajesh Prasad signed the MoU in the presence of REC's CMD VK Dewangan, RVNL's Director (Finance) Sanjeeb Kumar, RVNL's DEP Anupam Ban and other senior officials from REC and RVNL.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

IOC to get Rs 14,486 cr compensation; revenue to be recognised over 12 months

Power Grid observes Vigilance Awareness Week across India

Titagarh Rail Systems bags Rs 2,481 crore order from MMRDA for Mumbai Metro Line 5

Abhishek Swami is set to be next Director (Finance) of MRVC

Amit Yadav (IAS) assigned additional charge as Secretary of DEPwD