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REC Loan Disbursements Surge 18% in Q3 to Rs 54,692 cr

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By Rediff Money Desk, New Delhi   Jan 03, 2025 17:40

REC Ltd's overall loan disbursements rose by 18% to Rs 54,692 crore in Q3 FY25, driven by strong growth in renewable energy loans. The company disbursed Rs 6,314 crore for renewable energy projects, marking a 58% YoY increase.
New Delhi, Jan 3 (PTI) State-owned REC Ltd on Friday said its overall loan disbursements increased by nearly 18 per cent to Rs 54,692 crore in the December 2024 quarter.

The quantum of renewable energy loan disbursements grew 58.09 per cent Year-on-Year (YoY) to Rs 6,314 crore for the quarter ended December 31, 2024, a company statement said.

During the quarter, REC Ltd has disbursed loans worth Rs 54,692 crore, up 17.98 per cent YoY, according to the statement.

For the nine-month (Q1-Q3) period of FY25, REC disbursed total loans amounting to Rs 1,45,647 crore, which is higher by 19.30 per cent compared to Rs 1,22,089 crore disbursed in the corresponding period of FY24.

Of this, renewable energy loans aggregated to Rs 17,612 crore, up 78.68 per cent YoY.
Source: PTI
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