REC will provide Rs 50,000 crore annually (an increase from Rs 20,000 crore) to finance projects across power and non-power infrastructure for a period of six years up to 2030
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Zero coupon bonds are issued at deep discounts and are redeemed at face value
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Ending FY24 with record loan sanction and disbursals, REC CMD Vivek Kumar Dewangan caught up with Arjun Yadav of BW Businessworld to delineate the financing firm’s strides in diversifying its loan book, the razor sharp focus on asset quality, the plan for the solar rooftop scheme and more. Excerpts:
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REC provides long-term loans and other financing products to State, Centre, and Private Companies for the creation of infrastructure assets in the country.
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