REC Disburses Rs 546.92 Billion Loan in Q3 FY25
ECONOMY & POLICY

REC Disburses Rs 546.92 Billion Loan in Q3 FY25

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.

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.

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?