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REC disburses Rs 90,955 cr loan in H1 FY25

By IndianMandarins- 05 Oct 2024
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Gurugram (05.10.2024): REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth Rs 90,955 crore, up 20.10 per cent year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68 per cent year-on-year to Rs 11,297 crore.
In Q2 FY24-25, REC disbursed loans amounting to Rs 47,303 crore, which is higher by 13.71 per cent compared to Rs 41,598 crore disbursed in Q2 FY23-24. Of this, renewable energy loans aggregated to Rs 5,946 crore, up 37.35% YoY.

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