As India strives to become a $5-trillion economy with a heavy emphasis on infrastructure growth and energy transition, how is REC aligning its vision and operations in line with these aspirations?
The government of India has a big thrust on energy transition. In Glasgow in 2021, India committed that 500 GW of electricity capacity will come from non-fossil fuel sources by 2030 and will meet 50 per cent of its electricity requirement from non-fossil fuel sources. At the same time, our carbon emissions intensity to the GDP will be reduced by 45 per cent compared to 2005 levels by 2030. In this process, by 2030, we will reduce carbon emissions by about 1 billion tonnes. India is also striving to become net zero by the year 2070. This will entail a considerable investment, but in the short term, a minimum of Rs 15 lakh crore will be required in the next seven years to achieve the target. REC is targeting about 20 per cent of this market, and we are looking to fund green projects worth Rs 3 lakh crore in the next seven years.
REC recently recorded its best quarter and financial year in terms of profitability and revenue growth? What were the drivers of this growth?
Diese Geschichte stammt aus der 15 July 2023-Ausgabe von Businessworld India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der 15 July 2023-Ausgabe von Businessworld India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
