REC signs MoU with PNB(Punjab National Bank) to co-finance infrastructure projects loans worth Rs 55,000 crore over next three years

Banking & Finance

Gurugram, 26 September 2023: REC Limited signed an MoU with Punjab National Bank (PNB) on Tuesday to jointly explore the possibility to fund the Power Sector and Infrastructure & Logistics Sector projects under the consortium arrangement. REC and PNB will associate with each other to co-finance loans amounting to Rs. 55,000/- crore over next three years. Shri T.S.C Bosh, Executive Director (Infra & Logistics), REC and Shri Rajeeva, CGM (Corp. Credit Division), PNB signed the MoU in the presence of Shri Ajoy Choudhary, Director (Finance), REC; Shri V K Singh, Director (Projects), REC and other senior officials from REC and PNB.


     

     

     

 

     


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