REC Limited Inks MoU with Rajasthan Government for Infrastructure Financing

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REC Limited, a prominent NBFC under the Ministry of Power, has partnered with the Government of Rajasthan to fund projects across power and non-power infrastructure sectors. The agreement entails annual loans of up to Rs 20,000 crores for the next six years to various government departments, undertakings, institutions, and schemes in Rajasthan. This collaboration is expected to accelerate infrastructure development in the state, spanning power, metros, roads, airports, IT, oil refinery, steel, ports, fiber optics, telecom, healthcare, tourism, agriculture, and other sectors.

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Note: The above-mentioned news was first published by us in our ProjectX India | 1st April 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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