REC has signed memorandum of understanding (MoU) with Mumbai Metropolitan Region Development Authority (MMRDA). The MoU for Rs 1 lakh crore worth of financing is for an array of infrastructure projects in the MMR, focusing on urban mobility, housing, and essential infrastructure. The funding will be disbursed over the next five years, ensuring steady progress in modernising and enhancing the region's infrastructure. The company’s Rs 1 lakh crore commitment reflects its strong dedication to supporting large-scale infrastructure projects that will significantly improve the living standards for the people of the Mumbai Metropolitan Region.
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.
