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The loan is earmarked for refinancing purposes, allowing REC to provide further loans to its borrowers within the power, infrastructure, and logistics sectors specifically for the import of capital equipment.
State-owned REC Ltd is looking at expanding its loan portfolio for green projects to ₹3 trillion by 2030, said its chairman and managing director Vivek Kumar Dewangan
New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.
New Delhi: Maharatna Central Public Sector Enterprise REC Ltd has signed a Foreign Currency Term Loan Agreement for $100 million with Export Import Bank of India (EXIM Bank).
The Nigeria Customs Service seized a total of N3.02bn worth of smuggled rice between May 2022 and May 2023, findings by The PUNCH, on Tuesday, showed.