REC, a state-owned power sector financing company, disbursed Rs 90,955 crore in loans during April-June FY25, with a 20.10% YoY increase. Green loans accounted for Rs 11,297 crore, a 92.68% rise.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Oct 5 (PTI) State-owned REC has disbursed loans worth Rs 90,955 crore during April-September FY25, up 20.10 per cent from the year-ago period.
Of the total amount, Rs 11,297 crore was green loan, 92.68 per cent higher year-on-year, the company said in a statement.
In the September quarter of FY25, REC said it disbursed Rs 47,303 crore loans, 13.71 per cent higher than the Rs 41,598 crore disbursed a year earlier.
Of this, renewable energy loans aggregated to Rs 5,946 crore, up 37.35 per cent YoY.
Renewable energy loans accounted for 13 per cent of the total disbursals in the July-September period in FY25 as against 10 per cent in the year-ago period.
REC, under the Ministry of Power, is a non-banking financial company focusing on power sector financing in India.
Home » Market News » REC Disburses Rs 90,955 Cr Loan in April-June FY25
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback