REC Limited, a Maharatna CPSE under the Union Ministry of Power and a leading NBFC, has reportedly disbursed loans worth Rs 546.92 billion (bn), up 17.98 per cent year-on-year (Y-o-Y )for the Quarter ended December 31, 2024.

The quantum of renewable energy loan disbursements grew 58.09 per cent Y-o-Y to Rs 63.14 bn in the corresponding period.

For 9-months (Q1-Q3) FY24-25, REC disbursed total loans amounting to Rs 1456.47 bn, which is higher by 19.30 per cent compared to Rs 1220.89 bn disbursed in corresponding period of FY23-24. Of this, renewable energy loans aggregated to Rs 176.12 bn, up 78.68 per cent Y-o-Y.