REC signs MoU with RVNL for financing infrastructure projects worth 35,000 crore – EQ
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In Short : REC (Rural Electrification Corporation) has signed a Memorandum of Understanding (MoU) with RVNL (Rail Vikas Nigam Limited) for financing infrastructure projects worth ₹35,000 crore. This collaboration is likely to facilitate funding for critical infrastructure development in the railway sector, promoting sustainable and efficient transportation networks.
In Detail : REC Limited signed an MoU with RVNL to finance upto Rs 35,000 crore for infrastructure projects to be executed by RVNL over the next five years
New Delhi: REC Limited signed an MoU with RVNL to finance upto Rs 35,000 crore for infrastructure projects to be executed by RVNL over the next five years. These projects constitute multi modal logistics hub projects , rail infrastructure projects, road, port, and metro projects where RVNL has forayed into.
REC Limited’s Director (Finance) Ajoy Choudhury and RVNL’s Director (Operations) Rajesh Prasad signed the MoU in the presence of REC’s CMD VK Dewangan, RVNL’s Director (Finance) Sanjeeb Kumar, RVNL’s DEP Anupam Ban and other senior officials from REC and RVNL.
