REC secures green loan worth ₹1,670 crore from Deutsche Bank's City branch.

Banking & Finance

This facility marks the first successful collaboration between an Indian government entity and Deutsche Bank AG’s City branch, setting a new benchmark for green financing in the Indian public sector.The loan will fund projects that adhere to stringent environmental standards, promote renewable energy, and help reduce carbon emissions across India.In a significant step towards sustainable development, REC Limited, a leader in the Indian power sector, has secured a green loan of JPY 31.96 billion (equivalent to USD 200 million) from Deutsche Bank AG's GIFT City branch.


      This collaboration boosts India's green finance sector, promoting sustainable energy initiatives nationwide.

      REC's green loan aims to set a precedent for environmentally conscious funding in public projects.

     

 

     


Bank Established : 1870

Headquarters : Germany
REC Office : New Delhi
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