REC Limited Records Impressive Loan Disbursement Growth, Focus on Green Energy Financing
Key Ideas
- REC Limited disbursed loans of Rs90,955 crores in H1 FY25, marking a 20.10% YoY increase, with renewable energy loans surging by 92.68% YoY.
- In Q2 FY24-25, REC disbursed loans worth Rs47,303 crores, showing a 13.71% YoY rise, with renewable energy loans increasing by 37.35%.
- REC continues to support India's power and infrastructure sectors, including new technologies like electric vehicles, battery storage, and green hydrogen projects.
- The company's commitment to government schemes like SAUBHAGYA, DDUGJY, and RDSS highlights its role in enhancing India’s power sector and last-mile connectivity.
REC Limited, a Maharatna CPSE under the Ministry of Power, has demonstrated impressive loan disbursement growth in H1 FY25, reaching Rs90,955 crores with a 20.10% YoY increase. Of this, renewable energy loans saw a remarkable surge of 92.68% YoY, amounting to Rs11,297 crores. In Q2 FY24-25, REC disbursed loans worth Rs47,303 crores, showing a 13.71% YoY rise, with renewable energy loans witnessing a 37.35% increase. The company's focus on green energy financing is evident with renewable energy accounting for 13% of total disbursements in Q2 FY24-25. REC remains a key player in supporting India's infrastructure growth, investing in new technologies like electric vehicles, battery storage, and green hydrogen projects. With a substantial loan book and net worth, REC plays a crucial role in India's sustainable energy transition. Its contributions to government schemes such as SAUBHAGYA, DDUGJY, and RDSS showcase its commitment to enhancing the power sector and last-mile connectivity in the country.
Topics
Green Hydrogen
Renewable Energy
Sustainable Energy
Financial Sector
Government Schemes
Infrastructure Financing
Loan Disbursement
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