Promonique
Promonique
Rayzon
Rayzon
EPR Subscription Banner
EPR Subscription Banner
Home » News » REC disburses ₹90,955 crore in H1 FY25

REC disburses ₹90,955 crore in H1 FY25

By October 9, 2024 12:43 pm IST

REC disburses ₹90,955 crore in H1 FY25
.

REC Limited reports a substantial 20.10 per cent increase in total loan disbursements, reaching ₹90,955 crore for H1 FY25. Renewable energy loans soar by 92.68 per cent, emphasising the company’s dedication to green energy initiatives.

REC Limited, a Maharatna CPSE under the Ministry of Power and a prominent non-banking financial company (NBFC), has disbursed loans totalling ₹90,955 crores for the half-year ending 30 September 2024, reflecting a year-on-year increase of 20.10 per cent. The volume of loans dedicated to renewable energy surged by 92.68 per cent year-on-year, reaching ₹11,297 crores.

In the second quarter of FY24-25, REC disbursed loans amounting to ₹47,303 crore, marking a 13.71 per cent increase compared to ₹41,598 crore in the same quarter of the previous fiscal year. Of this total, loans for renewable energy projects totalled ₹5,946 crore, a significant rise of 37.35 per cent from the previous year.

Renewable energy loans accounted for 13 per cent of total disbursements in Q2 FY24-25, up from 10 per cent in Q2 FY23-24.

Advertising

EPR Android App Banner

REC Limited has achieved notable growth in its loan disbursements for the half-year ended 30 September. The company’s ongoing focus on financing green energy projects is evident in the substantial increase in renewable energy loans.

With a loan book of ₹5.30 lakh crore and a net worth of ₹72,351 crore as of 30 June 2024, REC plays a crucial role in supporting India’s infrastructure development and the transition to sustainable energy. The company is actively involved in financing new technologies, including electric vehicles, battery storage, and green hydrogen initiatives.

Furthermore, REC’s strategic contributions to key government schemes such as SAUBHAGYA, DDUGJY, and the Revamped Distribution Sector Scheme (RDSS) demonstrate its commitment to enhancing India’s power sector and improving last-mile connectivity.

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags: REC
Android App
Android App

Events

RenewX
RenewX
Wiretech 2025
Wiretech 2025
Power Gen
Power Gen
India Green Energy Expo
India Green Energy Expo

Our Sponsors

Our Sponsors

Wika
Wika
Ramelex
Ramelex
Rayzon Solar Pvt Ltd
Rayzon Solar Pvt Ltd
Akansha
Akansha
Andritz Hydro Pvt Ltd
Andritz Hydro Pvt Ltd
Vyoma Switchgear
Vyoma Switchgear
Skipper Limited
Skipper Limited
Joint Well
Joint Well
Kp Group
Kp Group
Credence Solar
Credence Solar
Grew Solar
Grew Solar
Nirmal
Nirmal
Meco Instruments Pvt Ltd
Meco Instruments Pvt Ltd
Novasys
Novasys
HPL Electric Power
HPL Electric Power
Sun Bond
Sun Bond
Supremesolar
Supremesolar
Vsole Solar
Vsole Solar
Elev8 Lift
Elev8 Lift
Power trac Group
Power trac Group
Omicron
Omicron
Ganz Electric
Ganz Electric
Eplan
Eplan
Aeron Composite Pvt Ltd
Aeron Composite Pvt Ltd
Eaton
Eaton
A-1 ELECTRICALS
A-1 ELECTRICALS
Ashone Technologies
Ashone Technologies
MENNEKES Electric India
MENNEKES Electric India
PRAMA HIKVISION INDIA
PRAMA HIKVISION INDIA
Motwane Manufacturing
Motwane Manufacturing
Sun Cables
Sun Cables