REC and PNB sign MoU to co-finance infrastructure projects with debt of Rs 550 billion

REC Limited and Punjab National Bank (PNB) have inked a memorandum of understanding (MoU) to collectively explore the possibility for financing projects within the power sector and infrastructure and logistics sector through a consortium approach.

REC and PNB will collaborate to jointly fund loans totaling Rs 550 billion over the next three years.