Mumbai, April 8 REC Limited, a Maharatna CPSU under the Ministry of Power has entered into a MoU with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide financial support of ₹1 lakh crore for infrastructure development in the Mumbai Metropolitan Region (MMR).
The agreement was formally signed by Harsh Baweja,Director (Finance), REC Limited and Dr. Ankush R Nawale, Financial Advisor MMRDA, at the India Global Forum (IGF) Mumbai NXT 25 event.
Maharashtra’s Chief Minister Devendra Fadnavis;Deputy Chief Minister, Eknath Shinde; Dr. Sanjay Mukherjee, IAS, Metropolitan Commissioner, MMRDA; Shri Vikram Kumar, IAS, Additional Metropolitan Commissioner, MMRDA; Shri Rahul Dwivedi, IAS, Executive Director, REC and senior officials of REC and MMRDA were present on this occassion.
The funding will be disbursed over the next five years, ensuring steady progress in modernizing and enhancing the region’s infrastructure.
On this milestone, Harsh Baweja, Director (Finance) said, “Our ₹1 lakh crore commitment reflects our strong dedication to supporting large-scale infrastructure projects that will significantly improve the living standards for the people of Mumbai Metropolitan Region.”
Further on this occasion, Rahul Dwivedi, IAS, Executive Director (I&L), REC Limited said, “We are excited to partner with MMRDA in this transformative initiative.”
Related posts :
REC Commits ₹2.01 Cr Under CSR to Support Procurement of Health Equipments
REC Limited Commits ₹8.44Crore Under CSR to support 1MW solar photovoltaic power plant
RECPDCL Handovers 3 Nos. SPVs of transmission projects to Powergrid
REC Limited Successfully Raises Rs 5,000 cr Through Bond Issuance
RECPDCL Handover WRNES Talegaon Power Transmission Limited SPV to Adani Energy
PESB Recommends TSC Bosh for Director (Projects), REC Limited
