INDUSTRY
REC disburses Rs 90,955-crore loans in H1 of FY25, up by 20.10% YoY
- IBJ Bureau
- Oct 06, 2024
State-owned Rural Electrification Corporation (REC) has disbursed loans worth Rs 90,955 crore during April-September FY25 (H1 of FY25), up 20.10 per cent from that of the year-ago period.
Of the total amount, Rs 11,297 crore was green loan, 92.68 per cent higher year-on-year (YoY), the company has said in a statement.
In the September quarter of FY25, REC had said that it had disbursed Rs 47,303 crore loans, 13.71 per cent higher than the Rs 41,598 crore disbursed a year earlier.
Of this, renewable energy loans aggregated to Rs 5,946 crore, up by 37.35 per cent YoY.
Renewable energy loans accounted for 13 per cent of the total disbursals in the July-September period in FY25 as against 10 per cent in the year-ago period.
REC, under the Ministry of Power, is a non-banking financial company, focusing on power sector financing in India.
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