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REC Records Six-Fold Jump in Renewable Energy Loan Approvals in FY24

Nearly ₹1.37 trillion of loans were approved for the renewable energy sector

April 10, 2024

/ Arjun Joshi
/ Finance and M&A, Renewable Energy
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Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year (FY) 2023-24, a year-over-year (YoY) increase of 33.66%, and disbursements reaching ₹1.61 trillion (~$19.34 billion), reflecting a 66.72% growth.

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Arjun Joshi

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