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.
Tags: Infrstructure Fund, National Investment, RE Projects, REC
Recent Posts
DPIIT promotes green logistics industry
Petronet LNG reports record volumes
TotalEnergies buys stake in wind farm to produce green hydrogen
Ports of Indiana, Port of Antwerp-Bruges partner on green shipping
Bhutan moves towards green transition
GCMD completes biofuel supply chain trials with Hapag-Lloyd
Airbus partners with Avolon on hydrogen aviation
Nuclear power transition more safe option for decarbonisation than coal