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• REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and leading NBFC, has signed agreements worth Rs. 588 crores with Damodar Valley Corporation (DVC) to strengthen infrastructure and energy projects in the Damodar Valley region. • The agreements aim to strengthen the cooperation between REC and DVC for the development of tubed coal mines, and include a Term Loan agreement, an Escrow agreement, and Hypothecation deeds. • The agreements signed underscore the collaborative efforts of both organizations in promoting sustainable development and leveraging resources for the greater benefit of the community. Learn Along About DVC and REC • DVC is a public sector undertaking under the union Ministry of Power, engaged in power generation and transmission, catering to the energy needs of the eastern region of the country. • REC is a 'Maharatna' Central Public Sector Enterprise under the Ministry of Power, and is registered with RBI as Non-Banking Finance Company (NBFC), and Infrastructure Financing Company (IFC). • REC finances the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pumped Storage Projects, Green Hydrogen and Green Ammonia projects.
The activity of making a human pyramid and putting efforts to break an earthen pot filled with buttermilk is associated with which festival?
What benefits are being offered to eligible MSMEs under the scheme;Vivad se Vishwas I – Relief to MSMEs?
Rohit Sharma breaks whom record to become India's sixth-leading run scorer in ODIs?
As of November 2023, India set to launch its first X-Ray Polarimeter Satellite. Which organization will launch this satellite?
Who among the following pioneered the movement in the support of widow remarriage and girls’ education in Andhra region?
Which law was formulated in 1662 and concluded that the product of pressure and volume remains almost constant?
Regarding RBI's Sovereign Green Bonds (SGrBs), which of the following statements is correct?
Who can appoint and remove members of State Public Service Commission?
In which of the following states is Pichola Lake Located?
Chittani Ramachandra Hegde was associated with which of the following dances?
