REC Limited, a Maharatna CPSE under the Ministry of Power, reported Rs 546.92 billion in loan disbursements for the quarter ending December 31, 2024, reflecting an 18% increase year-on-year.

Renewable energy loans saw a sharp 58.09% rise to Rs 63.14 billion during the quarter, underscoring REC’s heightened focus on clean energy financing.

For the nine months of FY25, total loan disbursements reached Rs 1456.47 billion, up 19.30% from Rs 1,220.89 billion in the same period last year. Renewable energy loans in this period grew substantially by 78.68%, amounting to Rs 176.12 billion.

As a prominent non-banking financial company in India’s energy sector, REC continues to play a pivotal role in funding projects across power generation, transmission, and distribution. The surge in renewable energy disbursements demonstrates its commitment to supporting India’s clean energy transition and aligning with national sustainability goals.

(ET)