REC signs MoU with RVNL, to fund infrastructure projects

REC Limited signed an MoU with RVNL to finance upto Rs 35,000 crore for infrastructure projects to be executed by RVNL over the next five years

New Delhi: REC Limited signed an MoU with RVNL to finance upto Rs 35,000 crore for infrastructure projects to be executed by RVNL over the next five years. These projects constitute multi modal logistics hub projects , rail infrastructure projects, road, port, and metro projects where RVNL has forayed into.

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REC Limited's Director (Finance) Ajoy Choudhury and RVNL's Director (Operations) Rajesh Prasad signed the MoU in the presence of REC's CMD VK Dewangan, RVNL's Director (Finance) Sanjeeb Kumar, RVNL's DEP Anupam Ban and other senior officials from REC and RVNL.

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