REC Plans To Disburse Rs 3 Lakh Crore By 2022: P V Ramesh

REC Plans To Disburse Rs 3 Lakh Crore By 2022: P V Ramesh

With the Centre’s push for electricity for all, power financing firm Rural Electrification Corporation (REC) sees major growth coming from renewable energy, transmission, distribution, smart grid and turnkey projects overseas through subsidiaries.

Schneider, Eaton Frontrunners To Buy L&T’s Electrical Business

Schneider, Eaton Frontrunners To Buy L&T’s Electrical Business

Schneider Electric SE, the French industrial multinational and Eaton Corp have emerged as the top contenders to acquire Larsen & Toubro’ electric and automation division for Rs 15,000-Rs 17,000 crore as India’s largest engineering group looks to prune its portfolio and exit non-core areas, said three officials aware of the ongoing developments.