Joint Venture10 May 2025, 01:57 pm
BHEL Board Approves JV with RECPDCL for Renewable Energy Projects
AI Summary
Bharat Heavy Electricals Ltd (BHEL) has given the go-ahead for seeking clearance and concurrence of NITI Aayog & DIPAM and JV agreement text for a non-binding Memorandum of Understanding (MoU) with RECPDCL. The MoU, signed on 15.03.2024, aims to work together in the area of development of renewable energy projects. The proposal is currently under approval with DIPAM and will be re-submitted to BHEL Board for incorporation of the JVC and investment after necessary approvals are obtained. A disclosure under regulation 30 of the SEBI (LODR) Regulations, 2015 will be made suitably.
Key Highlights
- BHEL Board approves JV with RECPDCL for renewable energy projects
- MoU signed on 15.03.2024 with an intent to work together in renewable energy development
- Proposal currently under approval with DIPAM
- Joint Venture Agreement to be signed after all necessary approvals are obtained
- Disclosure under SEBI regulations to be made suitably