REC Limited has signed agreements worth Rs 5.88 billion with Damodar Valley Corporation (DVC) to strengthen infrastructure and energy projects in the Damodar Valley region.
The agreements aim for the development of tubed coal mines, and include a term loan agreement, an escrow agreement, and hypothecation deeds. The agreements signed underscore the collaborative efforts of both organisations in promoting sustainable development and leveraging resources for the greater benefit of the community.