REC has sanctioned Rs 6,075 crore loan to renewable energy company Greenko for setting up 1,440 MW Standalone Pumped Storage Project. The country’s premier NBFC-IFC is also in advanced discussions with Greenko and is poised to extend financial support for multiple clean energy projects.
Previously, REC hosted the Green Finance Summit in July 2023 on the sidelines of India’s G20 Presidency, where one-on-one discussions with RE developers were conducted, leading to the successful signing of Memorandums of Understandings (MoUs) amounting to a total of around Rs 2.86 lakh crore. These milestone agreements reflect REC's pivotal role in facilitating green financing solutions and strengthens its position as a key financing partner for India's transition to sustainable and clean energy.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric cooperatives for rural electrification projects as are sponsored by them.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 461.00 |
| REC | 359.35 |
| Indian Railway Fin. | 106.05 |
| NHIT | 160.00 |
| Satin Creditcare | 212.55 |
| View more.. | |
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