REC Limited Signs MoU with Rajasthan Govt to Boost Infra Projects

the Rajasthan government across power and non-power infrastructure sectors

REC Limited, a Maharatna Central Public Sector Enterprise and prominent NBFC under the Ministry of Power, has entered into a Memorandum of Understanding (MoU) with the Government of Rajasthan. The agreement entails REC Limited offering loans of up to ₹20,000 crores annually for the next six years to various departments, undertakings, institutions, and schemes of the Rajasthan government across power and non-power infrastructure sectors.

This collaboration is anticipated to catalyze a significant upsurge in infrastructure projects within the state, spanning power projects, metros, roads & highways, airports, IT infrastructure, oil refinery, steel infrastructure, ports & waterways, fiber optics, telecom, health sector, tourism infrastructure, agriculture, and other infrastructural developments. The MoU underscores REC's steadfast commitment to bolstering the growth of both power and non-power infrastructure in Rajasthan, thereby fostering economic prosperity and advancement within the state.