REC Limited inks MoU with NIIFL
New Delhi: REC Limited has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL). This MoU was signed by Sh. Daljeet Singh Khatri, ED (Finance) - REC Ltd., and Sh. Prasad Gadkari, Executive Director & Chief Strategy Officer - NIIFL, in the presence of Sh. Vivek Kumar Dewangan, CMD - REC Ltd., and other senior officials from both organisations.
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The broad contours of the MoU include equity/debt participation in the credit funds to be set up by NIIFL for providing an impetus to renewable energy projects and participation in large-scale infrastructure projects along with long-term debt funding for the projects being executed by NIIFL or its platform companies.
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