https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

REC Limited signs MoU with Rail Vikas Nigam Ltd., To Finance Projects up to Rs. 35,000 Crores

REC Limited, a Maharatna CPSE established in 1969, under Ministry of Power, provides long-term loans and other finance products for Power-Infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage and Green Hydrogen.
Indian Masterminds Stories

REC Limited has signed an agreement with Rail Vikas Nigam Limited (RVNL) to finance up to Rs. 35,000 crores for RVNL infrastructure projects over the next five years. RVNL’s projects include multi-modal logistics hub projects, rail infrastructure projects, road, port, and metro projects.

Director (Finance), REC, Shri Ajoy Choudhury and Director (Operations), RVNL, Shri Rajesh Prasad signed the MoU in the presence of Shri V.K Dewangan, CMD, REC; Shri Sanjeeb Kumar, Director (Finance), RVNL; Smt. Anupam Ban, DPE, RVNL and other senior officials from REC and RVNL.

REC Limited, a Maharatna CPSE established in 1969, under Ministry of Power, provides long-term loans and other finance products for Power-Infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage and Green Hydrogen. More recently, REC has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social & Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel and Refinery. The loan book of REC exceeds Rs 4,74,275 Crore.

RVNL, a “Schedule ‘A’ Navratna” Central Public Sector Enterprise under Ministry of Railways, caters to about 30% of infrastructure requirements of Indian Railways and has also pioneered implementation of large infrastructure projects under PPP model. RVNL is primarily undertaking Railway projects and has also made forays into road, port, irrigation and metro projects, many of which have forward and / or backward linkages with Railway infrastructure one way or the other.


Indian Masterminds Stories
Related Stories
NEWS
NCB-narcotics-control-bureau-reszd
IRS Shashank Seohare Made Assistant Director At NCB
IAS Sanjay Kumar
IAS Sanjay Kumar Made Interim Secretary for the Department of Higher Education
IRS Sameer Wankhede
IRS Sameer Wankhede Seeks CBI Probe in Atrocities Case Against Nawab Malik
Haryana police-resized
Haryana: Police Leadership Gets a Shake-Up, Saurabh Singh Appointed Commissioner of Police, Faridabad
IAS Mona Khandhar
IAS Mona Khandhar Takes Charge as Chairperson of Gujarat Panchayat Service Selection Board
RailTel Corporation of India Limited 2
RailTel and Prasar Bharati Introduce WAVES, Offering Archives, Live TV, and Hyperlocal Services
Powergrid (resized)
Power Grid Joins Hands with Haryana Government to Upgrade Rural Crematoriums
NLC-INDIA-resized-neyvili
NLC India Donates 1 Crore to Kerala Disaster Mitigation Fund
Videos
WhatsApp Image 2024-11-20 at 18.06
Hyderabad's Transformation From The City of Pearls to Cyberabad
IMG-20241118-WA0002
The Journey Behind Kathakar Ki Diary | Video Interview 
GP Singh
They Aren’t Criminals, But IPS Officers, Standing Up To Political Pressure
ADVERTISEMENT
Latest
NCB-narcotics-control-bureau-reszd
IRS Shashank Seohare Made Assistant Director At NCB
IAS Sanjay Kumar
IAS Sanjay Kumar Made Interim Secretary for the Department of Higher Education
ADVERTISEMENT
Videos
WhatsApp Image 2024-11-20 at 18.06
IMG-20241118-WA0002
GP Singh
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT