In Short : REC Limited disbursed an impressive ₹54,692 crore in Q3 FY25, marking a robust performance. Renewable energy loans surged by 58%, reflecting REC’s commitment to green energy and sustainability. This growth aligns with India’s renewable energy goals, as REC continues to fund solar, wind, and other clean energy projects, driving the transition towards a greener economy.
In Detail : Gurugram – REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power and a leading Non-Banking Financial Company (NBFC), reported a robust loan disbursement of ₹54,692 crore in Q3 FY25, reflecting a 17.98% year-on-year growth.
Renewable energy loan disbursements witnessed a substantial surge, growing by 58.09% year-on-year to ₹6,314 crore during the same quarter, underscoring REC’s commitment to supporting India’s transition to clean energy.
For the first nine months of FY25 (April-December 2024), REC’s total loan disbursements stood at ₹1,45,647 crore, marking a 19.30% increase from ₹1,22,089 crore in the corresponding period of FY24. Renewable energy loans during this period amounted to ₹17,612 crore, a significant 78.68% year-on-year growth.
The figures highlight REC’s focus on bolstering India’s power infrastructure while accelerating its green energy initiatives, aligning with the nation’s sustainable development goals.
