rec: REC along with Bank of India to co-finance projects worth Rs 30,000 crore in next 5 years
REC, a Maharatna company, provides long-term loans and other finance to the power sector. The firm, which has also diversified into areas like roads, metro rails, airports and IT, had a loan book of Rs 4.54 lakh crore as of the June 2023.
Source: indiatimes.com