REC Limited has planned to finance 30 to 40 percent of the 94 GW coal-based capacity that is expected to be operational by 2032.
Additionally, REC aims to double its asset under management to USD125 billion by 2030. Further, 30 per cent of this target will stem from the renewable energy sector, with 15 to 20 per cent from non-power infrastructure logistics, and 50 to 55 per cent from conventional coal-based generation capacity, distribution, and transmission sectors.