REC, National Investment, Infrastructure Fund to collaborate on funding for RE projects

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy Projects as well as large-scale infrastructure projects in India.

Speaking about the agreement, CMD, REC, Vivek Kumar Dewangan said: “Empowering India’s growth through strategic financial partnerships, REC Limited remains steadfast in its commitment to fuelling the nation’s progress. Our commitment to financing key infrastructure projects echoes our shared vision for a robust and interconnected future.”

Executive Director & Chief Strategy Officer, NIIFL, Prasad Gadkari said: “The collaboration with REC aligns perfectly with NIIF’s broader strategy to enhance financing and attract private capital into the infrastructure sector. Through this partnership, we aim to develop innovative financial solutions supporting major infrastructure.”

The MoU was signed by Executive Director (Finance), REC, Daljeet Singh Khatri and Executive Director & Chief Strategy Officer, NIIFL, Prasad Gadkari, in the presence of CMD, REC, Sh. Vivek Kumar Dewangan and CEO and MD, NIIFL, Rajiv Dhar.

Director (Finance), REC, Ajoy Choudhury; Director (Projects), REC, V K Singh; Sr. Principal – Strategic Initiatives and Policy Advisory, NIIFL, K Mukundan and Executive Director, REC, Saurabh Rastogi were also present on the occasion.