NEW DELHI: The state-owned REC, a key player in power sector financing, announced it disbursed loans worth Rs90,955 crore during the first half of 2024-25 (FY25), marking a 20.10 per cent increase compared with the same period last year.
Of this total, Rs11,297 crore was allocated to green loans, reflecting a significant 92.68 per cent rise year-on-year. In the September quarter alone, REC disbursed Rs47,303 crore in loans, up 13.71 per cent from Rs41,598 crore in the previous year.
Renewable energy loans
Notably, renewable energy loans contributed Rs5,946 crore during this period, representing a 37.35 per cent increase from the prior year. Renewable energy now accounts for 13 per cent of total disbursals in the July-September FY25, up from 10 per cent a year earlier.
Additionally, REC has been active in refinancing initiatives, including a recent refinancing deal for Kannur Airport Ltd, which underscores its commitment to supporting critical infrastructure in India.
As a non-banking financial company under the Ministry of Power, REC continues to play a pivotal role in enhancing the power sector’s financial landscape in the country.
