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
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Haryana Jungle Safari
Haryana’s Mega Jungle Safari Project Moves Closer to Reality; Phase-I Design Finalised
SBK Singh IPS CP
Delhi Police Commissioner S B K Singh Bans Aerial Platforms from August 2 to 16 for Security Reasons
IPS-logo-resized_new
10 Senior Cops Get New Roles In Bihar Police; DG Jitendra Kumar Gets Additional Charge of B-SAP
Indian Forest Services IFS officer
Jharkhand IFS Rajneesh Kumar Transferred Amid Ongoing Legal Proceedings - Details Inside
Uttar Pradesh UP Government
17 Review Officers Transferred in Uttar Pradesh Secretariat Administration Reshuffle - Details Inside
IFS-forest-resized
6 IFS Officers Transferred in Odisha to Strengthen Environmental Administration, Jagayandatt Pati Made RCCF, Koraput Circle
IAS Officers Indian Administrative Services IAS logo
4 Young IAS Officers Reshuffled in Uttarakhand, Rahul Anand Made Joint Magistrate, Dehradun
Odisha Government
Odisha Elevates Two Promising IFS Officers to Senior Time Scale, Strengthening Forest Leadership - Know More About Them
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
WhatsApp Image 2025-07-26 at 13.16
What Most Indians Don't Know About Jim Corbett
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Haryana Jungle Safari
Haryana’s Mega Jungle Safari Project Moves Closer to Reality; Phase-I Design Finalised
SBK Singh IPS CP
Delhi Police Commissioner S B K Singh Bans Aerial Platforms from August 2 to 16 for Security Reasons
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
WhatsApp Image 2025-07-26 at 13.16
ADVERTISEMENT
ADVERTISEMENT