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REC to infuse Rs 150 cr in JV for smart meters infra in India

Business Standard

The board of directors of REC approved infusion of Rs 150 crore as equity in a company, proposed to be promoted as joint venture along with three other Central Public Sector Enterprises (CPSEs) i.e. Power Finance Corporation, Power Grid Corporation of India and NTPC, for the purpose of establishment/ creation of common backend infrastructure facility (CBIF) for smart meters in the country. The ...


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