Page 65 - Rec News Today

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The BSE MidCap index stocks reached new 52-week highs, reflecting robust market performance and investor optimism. Alkem Laboratories, Aurobindo Pharma, Lupin, and others emerged as the frontrunners, making significant strides in their respective industries.

Apraava Energy has signed preliminary agreements with Indian state-run companies, REC and PFC, to obtain financing of Rs 9,120 crore for its wind, transmission and advanced metering projects in India, according to a company statement. The memoranda of understanding were reportedly signed during the Green Finance Summit.

The signing of MoUs took place as part of the Green Finance Summit organised by REC on the sidelines of the Green Business Summit Clean Energy Ministerial (CEM) and Energy Transition Working Group (ETWG) Ministerial held on July 21, 2023 in Goa against the backdrop of Indias G20 Presidency, a company statement said.

Apraava Energy has signed memorandums of understanding with state-owned REC and Power Finance Corporation, to secure $1.2 billion in financing for its wind, transmission and metering projects in India. The energy solutions provider, jointly owned by the CLP Group and Caisse de depot et placement du Quebec (CDPQ), will use the funding to continue its diversification into transmission and metering which will facilitate Indias transition to a greener economy.

Kong - King of the Skies, and its payload 'Anne', both named after the famous films, took off in the New Mexico desert this past July. While the rocket performed great, it was 'Anne', the payload that ultimately gave the the RIT Launch Initiative team their first national win since the club began in 2014.

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