REC signs MoU with BoI to co-finance power and infrastructure projects worth Rs 300 billion

REC Limited has signed an memorandum of understanding (MoU) with Bank of India (BoI) to explore the possibility of funding the power sector and infrastructure and logistics sector projects under the consortium arrangement.

REC and BoI will partner to co-finance loans amounting to Rs 300 billion for projects implementable in five years. The collaboration will contribute significantly to the state’s power generation capacity and energy infrastructure.