Additionally, REC is actively engaged in discussions with Greenko for potential financial support for various other clean energy-related businesses.
The REC is on track to achieve a green finance loan portfolio of Rs 3 lakh Crore by FY 2030, according to a release.
REC Limited, a Maharatna company, is an NBFC focused on financing and developing the power sector across India. It provides financial assistance to the entire power sector value chain, for various types of projects, including generation, transmission and distribution, as well as renewable energy.
REC has also diversified into the non-energy infrastructure and logistics sector, to cover areas such as airports, metro, railways, ports, bridges, etc.