REC reports robust loan disbursements; RE loans surge 58.09% in Q3

New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power and a prominent non-banking financial company (NBFC), has achieved significant growth in loan disbursements for the quarter ending December 31, 2024 (Q3 FY25). The company reported total loan disbursements of Rs54,692 crore, reflecting a 17.98 percent year-on-year (YoY) increase.

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Among the disbursed amounts, loans for renewable energy projects stood out, registering a substantial YoY growth of 58.09 perceent to Rs 6,314 crore during the same period. This highlights REC’s intensified focus on supporting India’s clean energy transition and sustainable infrastructure development.

For the nine-month period from April to December 2024 (Q1-Q3 FY25), REC disbursed an impressive Rs 1,45,647 crore, marking a 19.30 percent increase compared to Rs 1,22,089 crore disbursed in the corresponding period of FY24. Renewable energy loans accounted for Rs 17,612 crore during this period, reflecting a remarkable YoY growth of 78.68 percent.

These figures underscore REC’s commitment to driving growth in India's power and energy sector, with a particular emphasis on renewable energy initiatives. The company’s strategic alignment with the government’s renewable energy goals and its ability to scale disbursements efficiently reaffirm its position as a key player in financing India’s energy infrastructure.

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