REC Signs MoU with RVNL for ₹35000 cr Infra Financing Over 5 Years
REC Limited, a state-owned enterprise, has entered into a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL) to provide financing for infrastructure projects amounting to ₹35,000 crore over the next five years. The agreement encompasses a diverse range of projects, including multi-modal logistics hubs, rail infrastructure, roads, ports, and metro projects. REC Limited, a Maharatna CPSE, has been expanding its presence beyond the power sector, while RVNL, a Schedule ‘A’ Navratna CPSE under the Ministry of Railways, is a key contributor to Indian Railways' infrastructure needs.
📅Published on:
03 January 2024
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