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Power Grid Approves 485 Crore SCADA Modernization and Secures JPY 80 Billion International Loan

Newsmantra — Thu, 11 Jun 2026 13:35:45 +0000

NEW DELHI. Power Grid Corporation of India Limited has approved a major investment of 485.04 crore rupees for the upgrade of its SCADA system to enhance real-time grid monitoring, operational efficiency, and overall transmission network reliability. Alongside this modernization initiative, the Maharatna PSU has secured a massive unsecured international term loan facility of JPY 80 billion from the Japan Bank for International Cooperation (JBIC) and participating financial institutions. This strategic foreign financing will be utilized to support the expansion of vital transmission infrastructure, manage ongoing capital expenditure requirements, and further strengthen India’s national power grid network, reflecting robust global investor confidence in the country’s energy infrastructure sector.

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Govt approves the appointment of Shri Sanjay Khanna as BPCL CMD

Newsmantra — Thu, 09 Apr 2026 13:57:53 +0000

NEW DELHI. The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sanjay Khanna as Chairman & Managing Director (CMD) of Bharat Petroleum Corporation Limited (BPCL), a Maharatna PSU under the Ministry of Petroleum & Natural Gas. Presently, he is serving as Director (Refineries) and holding the additional charge of CMD post in the BPCL .

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REC Secures Top Honours at the 5th PSU Transformation Awards 2025

Newsmantra — Mon, 22 Dec 2025 13:00:14 +0000

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, has secured top honours at the 5th PSU Transformation Awards 2025, winning accolades across four prestigious categories. The recognitions underscore REC’s strong commitment to operational resilience, sustainability, robust governance and digital transformation.

In the category of Resilience in Action Award, REC was conferred the Silver Award for ‘Cyber Defense & Resilience’. The award was received by Shri K. Venugopal, Senior General Manager (IT) & Head of Department – CISO, along with the CISO team, in recognition of REC’s strengthened cyber security framework and preparedness against evolving digital threats.

Under the Green PSU Award category, REC received the Gold Award for ‘ESG Leadership & Net-Zero Operations’. The honour was accepted by Shri Awanish Kumar Bharati, General Manager (Finance) and Ms. Neha Sharma, Deputy General Manager (Finance), highlighting REC’s leadership in environmental, social and governance practices and its continued efforts towards achieving net-zero goals.

REC’s focus on enterprise risk management was recognised with the Risk Management Leader Award for ‘ISO 31000 for Risk Management – Guidelines’. The award was received by Shri Jeetender Kumar, Deputy General Manager (Finance) and Shri Hitesh Kumar Meena, Deputy Manager, acknowledging the successful implementation of internationally aligned risk management practices across the organisation.

Further strengthening its digital credentials, REC won the Rising Star Award for ‘REC Limited Official Website Transformation: A Digital Gateway to a New Corporate Identity’. The award was received by Shri Ujjal Mondal, Assistant Manager (BDM), recognising the transformation of REC’s official website into a modern, user-centric digital platform.

These multiple recognitions at the 5th PSU Transformation Awards 2025 reaffirm REC Limited’s unwavering pursuit of excellence and its continued focus on innovation, sustainability, good governance and digital advancement in support of India’s power and infrastructure development goals.

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