SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

REC signs MoUs with RE developers

18 Sep 2024 Evaluate

REC has signed non-binding Memorandum of Understandings (MoUs) with RE developers aggregating about Rs 1.12 lakh crore which will be implemented over a period of 5 years. These MoUs cover projects based on Solar and Wind hybrid projects, Solar and Wind Round the Clock (RTC) project, Firm and Dispatchable RE (FDRE) power, Floating Solar Plants, Ultra Mega Renewable Energy park, Hydroelectric Power Project, Battery Energy Storage Systems (BESS), Pumped Storage, Hydropower, Green Ammonia/Hydrogen, Solar Cell/Module Manufacturing and other innovative technologies. Discussions are also underway for financing of Green Energy Corridors, Wind Turbine manufacturing, EV Ecosystem including associated charging infrastructure. Further, REC is also open to consider renewable projects by developers for the C&I segment having top rated offtakers.

REC has participated at the ‘4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024)’ being held from September 16 to 18, 2024 at Gandhinagar, Gujarat. At the RE-INVEST 2024, REC has signed non-binding MoUs. 

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.

REC Share Price

351.70 -7.65 (-2.13%)
11-May-2026 11:05 View Price Chart
Peers
Company Name CMP
Power Finance Corp 451.45
REC 351.70
Indian Railway Fin. 103.70
NHIT 160.00
Satin Creditcare 214.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×