PSU NEWS
REC disburses Rs 54,692 Crore loan in Q3 FY25
REC disburses Rs 54,692 Crore loan in Q3 FY25
Gurugram , 03 January 2025: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth Rs 54,692 crore, up 17.98% year-on-year for the Quarter ended December 31, 2024. The quantum of renewable energy loan disbursements grew 58.09% year-on-year to Rs 6,314. crore in the corresponding period.
For 9-months (Q1-Q3) FY24-25, REC disbursed total loans amounting to Rs 1,45,647 crore, which is higher by 19.30% compared to Rs 1,22,089 crore disbursed in corresponding period of FY23-24. Of this, renewable energy loans aggregated to Rs 17,612 crore, up 78.68% YoY.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : Top Officials chairs Airport Development Review Meeting
News Must Read
- Railtel bags work order of more than 14 crores
- Arnab Maitra Takes Charge as the Business Unit Head, NTPC Bongaigaon
- Vande Bharat Sleeper Trains to soon bring world class travel experience to long distance Rail commuters
- NALCO appoints Brijendra Pratap Singh as New CMD
- REC disburses Rs 54,692 Crore loan in Q3 FY25
- PM Modi inaugurates various development works in Delhi today
- RITES subsidiary REMC & IRFC signs MoU on financing power projects
- NHPC Limited Announces Major Update on Teesta-V Power Station (510 MW)
- MIDHAN Welcomes New CMD: Gowri Sankara Rao Naramsetti
- PESB Recommends Shri S. M. Ramanathan for Director (Engineering, R&D) at BHEL