REC and RVNL sign an agreement to finance infrastructure projects

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New Delhi: REC Limited has signed an agreement with RVNL to finance infrastructure projects worth up to Rs. 35,000 crore over the next five years. RVNL’s projects include multimodal logistics hub projects, rail infrastructure projects, road, port, and metro projects.

In the presence of Shri V.K. Dewangan, CMD, REC; Shri Sanjeeb Kumar, Director (Finance), RVNL; Smt. Anupam Ban, DPE, RVNL, and other senior officials from REC and RVNL, Shri Ajoy Choudhury, Director (Finance), REC, and Shri Rajesh Prasad, Director (Operations), RVNL, signed the MoU.

REC Limited, established in 1969, provides long-term loans and finance products for power infrastructure, renewable energy, and new technologies. It has also diversified into non-power infrastructure sectors, with a loan book exceeding Rs 4,74,275 crore.

RVNL, a Central Public Sector Enterprise under the Ministry of Railways, primarily focuses on railway projects, but has also undertaken road, port, irrigation, and metro projects.

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