REC Q2 FY24 report, Loan disbursements rise 13.7%

REC Limited has recently reported robust performance for the second quarter and first half of the fiscal year 2024-25.

For Q2, the company disbursed loans totaling Rs 47,303 crore, marking a 13.71% growth compared to the same period last year. Over the first half of the fiscal year, loan disbursements reached Rs 90,955 crore, reflecting a notable 20.10% year-on-year increase.

Loan disbursements for renewable energy projects surged by 37.35% in Q2, amounting to Rs 5,946 crore, compared to Rs 4,329 crore in the previous year.

In the first half of FY24-25, loans for renewable energy projects soared by 92.68%, reaching Rs 11,297 crore, up from ?5,863 crore in the same period last year

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