REC Limited has entered into a memorandum of understanding (MoU) with Bank of Baroda (BoB), aiming to collaboratively sanction loans for power, infrastructure, and logistics projects across the country over the next three years.
Recognising the vital importance of strengthening these key sectors, both the organisations join forces with a shared goal of promoting sustainable growth and reinforcing the nation’s infrastructural foundation. Through the pooling of resources and expertise, REC Limited and Bank of Baroda aim to lead initiatives that will stimulate economic development and improve access to essential services on a national scale. The partnership represents a noteworthy commitment to fostering inclusive development, leveraging REC’s expertise in the power sector and Bank of Baroda’s financial capabilities.
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