1. Home
  2. Business & Finance
  3. REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ
REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ
Business & Finance
0

REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ

0
0
1200px-REC_logo.svg
now viewing

REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables – EQ

In the Matter of adoption of Tariff bidding procedure by MNRE, Govt. of India for procurement of 215 MW solar power - EQ

Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC
now playing

Petition for adoption of transmission charges System being established by Rajasthan IV C Power Transmission Limited - EQ

Promoting the Expansion of Photovoltaics by Cutting Production Times for High-Efficiency Solar Cells by Half
now playing

India May Replace Southeast Asian Nations As Leading Solar PV Exporter To US - EQ

NTPC Vidyut Vyapar Nigam Ltd. (NVVN) invites online bids from eligible bidders on Single Stage Two Envelope bidding basis for Operation of 100 Nos. of Electric Buses in the state of Goa.
now playing

NVVN awards contracts worth 66 MW to Kirloskar and Oriana - EQ

Adani Green Energy ranked first in Asia and among top 10 for renewable energy companies globally for ESG performance
now playing

Adani Green Energy to raise $2 bn via bonds, loans for renewable projects - EQ

Steel recycler beats wind firm to become world’s most sustainable company
now playing

MoHUA Signs Key MoU with UN-Habitat for Resilient Cities - EQ

Sustainability must be core of India Inc’s business strategy
now playing

Odisha Delegation Begins Singapore Visit With Promising Investment Talks - EQ

Details of major schemes launched by the Ministry of Power since 2014
now playing

Central Electricity Authority approves the Uniform Protection Protocol for users of the Indian Grid for implementation on Pan India basis - EQ

Ministry of Environment, Forest and Climate Change
now playing

CAQM invokes Stage-IV of the GRAP in the entire Delhi-NCR w.e.f. 08:00 AM of 18.11.2024 (tomorrow) in addition to all actions under Stage I, II and III to prevent further deterioration of air quality in the region - EQ

Ministry of Environment, Forest and Climate Change
now playing

India expresses dissatisfaction on unwillingness by Developed countries to engage on Climate Finance and Mitigation Work Programme at CoP29 in Baku, Azerbaijan - EQ

In Short : REC’s loan sanctions surged 24% to ₹1.12 lakh crore in Q1, with ₹40,000 crore allocated for renewable energy projects. This growth highlights REC’s focus on supporting India’s renewable energy sector and infrastructure development.

In Detail : REC Ltd’s loan sanctions grew 24.17% to Rs 1.12 lakh crore in Q1 FY25, with Rs 39,655 crore allocated to renewable energy projects.

New Delhi  : State-owned REC Ltd on Monday said it sanctioned Rs 1,12,747 crore worth of loans during April-June FY25, posting a year-on-year growth of 24.17 per cent.

It had sanctioned Rs 90,797 crore as loan during the year-ago period, the company said in an exchange filing.

Loan disbursements rose 27.89 per cent to Rs 43,652 crore in the period under review.

During June quarter FY25, Rs 39,655 crore was sanctioned for renewable energy projects, up 58.72 per cent from the year-ago period. Loan disbursements more than doubled to Rs 5,351 crore from Rs 1,534 crore.

REC, under Ministry of Power, is a non-banking financial company (NBFC) focusing on power sector financing in India.

Related posts:

  1. REC seeks shareholders’ nod to raise up to ₹75,000 crore via bonds – EQ Mag Pro
  2. SJVN, a prominent company, makes noteworthy progress with multiple achievements: signing a Memorandum of Understanding (MoU) with REC – EQ Mag
  3. REC signs USD 100 million Foreign Currency Term Loan Agreement with EXIM Bank – EQ
  4. REC signs 200 million Euro loan agreement with the German bank KfW – EQ
tags:
Anand Gupta Editor - EQ Int'l Media Network
Related Posts
NTPC Vidyut Vyapar Nigam Ltd. (NVVN) invites online bids from eligible bidders on Single Stage Two Envelope bidding basis for Operation of 100 Nos. of Electric Buses in the state of Goa.

NVVN awards contracts worth 66 MW to Kirloskar and Oriana – EQ

Anand Gupta 0
Steel recycler beats wind firm to become world’s most sustainable company

MoHUA Signs Key MoU with UN-Habitat for Resilient Cities – EQ

Anand Gupta 0
Sustainability must be core of India Inc’s business strategy

Odisha Delegation Begins Singapore Visit With Promising Investment Talks – EQ

Anand Gupta 0
Close

Share this video