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rec: REC raises USD 1.15 billion in August from 6 banks

Published: September 6, 2023

State-owned REC announced on Wednesday that a group of six banks helped it raise USD 1.15 billion in two installments in August. According to the Reserve Bank of India's ECB requirements, loan proceeds must be used to finance projects in the infrastructure, logistics, and power sectors.

Source: indiatimes.com

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