REC Distributed ₹90,955 crore in Loans During April-September 2024

The state-owned REC has disbursed loans worth ₹90,955 crore during April-September of FY25, which represents a substantial increase of 20.10% compared to the same period last year. Notably, ₹11,297 crore of this total was allocated to green loans, marking a remarkable 92.68% surge year-on-year.

In the September quarter of FY25, REC’s loan disbursements reached ₹47,303 crore, surpassing the ₹41,598 crore disbursed in the corresponding quarter of the previous year by a margin of 13.71%. Within this figure, renewable energy loans accounted for ₹5,946 crore, exhibiting a robust growth of 37.35% YoY.

Renewable energy loans constituted a significant portion of REC’s total disbursements in the July-September period of FY25, reaching 13 per cent, compared to 10 per cent in the same period of the previous fiscal year.

REC, a non-banking financial company operating under the Ministry of Power, plays a pivotal role in financing the power sector in India. The company’s substantial increase in loan disbursements, particularly for green projects, underscores its commitment to supporting the country’s transition towards a sustainable energy landscape.

About REC Ltd

REC Ltd is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.