REC Limited Signs MoU with Bank of Baroda for Power Projects Financing.

Banking & Finance | Dated: 07 Jan 2026

REC Limited, a Maharatna CPSE, has signed a Memorandum of Understanding (MoU) with the Bank of Baroda. The agreement aims to jointly finance power, infrastructure, and logistics projects in India over the next three years. This collaboration will syndicate loans to accelerate the implementation of key government projects.

🎯 Key Highlights:

  • REC Limited will provide its expertise in the power sector, while Bank of Baroda will leverage its extensive banking network.
  • The MoU focuses on renewable energy projects to support India's green transition.
  • REC has been diversifying its portfolio into non-power infrastructure sectors recently.

💡 Other Important Facts:

  • Partnership: REC & Bank of Baroda.
  • Purpose: Co-financing Infra Projects.
  • Focus Sector: Power & Logistics.

📚 Test Your Knowledge:

REC Limited recently signed an MoU with which public sector bank to co-finance infrastructure projects?

Correct Answer: Bank of Baroda

🚀 Quick Recap:

About REC Limited

  • CMD – Vivek Kumar Dewangan
  • HQ – New Delhi