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REC sanctioned record Rs 3.59 lakh crore loans in 2023-24, focusing on renewable energy. Its loan book reached Rs 5.09 lakh crore by March 31, 2024, with a significant increase in loan disbursements.
The week ahead is expected to be action-packed for Dalal Street investors despite being a truncated one, as all eyes will be on the launch of the ‘T+0 settlement cycle by exchanges.
Government-owned power sector financier, REC Ltd, has signed an agreement with the Rajasthan government to provide up to Rs 1.2 lakh crore over six years for power and infrastructure-related projects. REC will finance up to Rs 20,000 crore annually for a period of six years across power and non-power infrastructure sectors.
"Received a letter of intent (LoI) from REC Power Development and Consultancy Ltd— a wholly-owned subsidiary of REC Ltd — to acquire Jalpura Khurja Power Transmission Limited, a project special purpose vehicle (SPV). The estimated cost of the project is Rs 838 crore," Tata Power said.
"Received a letter of intent (LoI) from REC Power Development and Consultancy Ltd— a wholly-owned subsidiary of REC Ltd — to acquire Jalpura Khurja Power Transmission Limited, a project special purpose vehicle (SPV). The estimated cost of the project is Rs 838 crore," Tata Power said.