REC-NIIFL signs MoU to fund large infra projects

REC Limited, a leading Non-Banking Financial Company (NBFC) and Maharatna Central Public Sector Enterprise, has partnered with the National Investment and Infrastructure Fund Limited (NIIFL) to enhance financing solutions for renewable energy, construction, and infrastructure projects. This collaboration aims to develop innovative financial mechanisms supporting key infrastructure projects in line with their shared vision. Vivek Kumar Dewangan, Chairman and Managing Director of REC, reaffirmed the organization's commitment to India's growth through strategic financial partnerships. Prasad Gadkari, Executive Director and Chief Strategy Officer at NIIFL, highlighted the alignment of this partnership with broader strategies to attract private capital into the infrastructure sector. Together, they aim to play a pivotal role in supporting major infrastructure initiatives across the country.