REC, NIIFL jointly to provide funding solutions for RE and infra projects

New Delhi: REC Limited has signed a memorandum of understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy projects as well as large-scale infrastructure projects in India.

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The MoU has been signed in the presence of REC CMD Vivek Kumar Dewangan and NIIFL's CEO & MD Rajiv Dhar by REC's Executive Director (Finance) Daljeet Singh Khatri and NIIFL's Executive Director & Chief Strategy Officer Prasad Gadkari.

REC's Director (Finance) Ajoy Choudhury, REC's Director (Projects) VK Singh, NIIFL's Sr. Principal (Strategic Initiatives & Policy Advisory) K Mukundan and REC's Executive Director Saurabh Rastogi were also present on the occasion and held rich discussions.

Speaking on this, REC CMD said, “Empowering India's growth through strategic financial partnerships, REC Limited remains steadfast in its commitment to fueling the nation's progress. Our commitment to financing key infrastructure projects echoes our shared vision for a robust and interconnected future.”

Speaking on this, Prasad Gadkari said, “The collaboration with REC aligns perfectly with NIIF's broader strategy to enhance financing and attract private capital into the infrastructure sector. Through this partnership, we aim to develop innovative financial solutions supporting major infrastructure.”

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