Memorandum Of Understanding (MOU)
REC and Bank of India join hands for power and infra projects worth Rs 30,000 cr
This strategic partnership will see REC and BoI combine their financial expertise, propelling critical projects in the Power and Infrastructure & Logistics sectors.
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New Delhi: REC Limited and Bank of India (BoI) join hands in a groundbreaking MoU, committing to co-finance power and infrastructure projects worth Rs 30,000 crore.
Sh. T.S.C Bosh, Executive Director (Infra & Logistics) from REC and Sh. Nitin G. Deshpande, CGM, BoI officially signed the MoU in the presence of Sh. Vivek Kumar Dewangan, CMD, REC, Shri Rajneesh Karnatak, MD & CEO, BoI and Sh. Ajoy Choudhury, Director (Finance), REC.
This strategic partnership will see REC and BoI combine their financial expertise, propelling critical projects in the Power and Infrastructure & Logistics sectors. REC Limited is committed to significantly boost India's energy infrastructure and in enhancing nation's logistic capabilities.