REC disburses Rs 909.55 billion in H1 FY25; renewable loans surge 93%

REC, a Maharatna Central Public Sector Enterprise under the Ministry of Power, reported that it had disbursed loans amounting to Rs 909.55 billion for the half-year ending September 30, 2024. This figure represented a 20.10 per cent increase compared to the same period in the previous year.

The company indicated that loans for renewable energy totalled Rs 112.97 billion, showcasing a significant year-on-year growth of 92.68 per cent.

In the second quarter of FY24-25, REC disbursed loans of Rs 473.03 billion, which was a 13.71 per cent rise from Rs 415.98 billion in Q2 of FY23-24.

During the same quarter, loans for renewable energy reached Rs 59.46 billion, reflecting a 37.35 per cent increase compared to the previous year.

RBI, Sebi unveil rules for converting excess investment by FPIs into FDI

FPIs are typically permitted to hold up to 10% of a company's paid-up equity capital

FORNNAX launches SR-MAX2500 primary shredder at IFAT India 2024

SR-MAX2500 shredder is specially designed for the Municipal Solid Waste category.

REC to raise additional Rs 50 billion via zero-coupon bonds

REC also recently raised Rs 30 billion through 15-year bonds at 7.09%.