REC Limited has signed a â‚ą3 lakh crore financing agreement with the Government of Rajasthan for power projects.

Banking & Finance

On October 1, 2024, REC Limited (formerly Rural Electrification Corporation Private Limited), a Maharatna Central Public Sector Unit (CPSU) under the Ministry of Power (MOP), signed a Memorandum of Understanding (MoU) with the Government of Rajasthan (GoR) to provide financial support of â‚ą3 lakh crore for infrastructure projects in the state.


      - The MoU was signed by Rahul Dwivedi, Executive Director (PMD & I&L), REC Limited, and Debasish Pradhan, Secretary, GoR.

      - The event was organized in the presence of Bhajanlal Sharma, Chief Minister of Rajasthan, and Colonel Rajyavardhan Rathore, Minister of Industries and Commerce, GoR, during the “Rising Rajasthan Investor Meet”.

     

Main Points:-   REC stated that the financing will be provided for projects in both power and non-power infrastructure sectors over a period of six years, until 2030.

     


About REC Limited,

Chairman & MD : Vivek Kumar Dewangan
Headquarters: New Delhi
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