REC Ltd shares Business Performance for FY23-24

REC Ltd shares Business Performance for FY23-24

New Delhi: According to the company’s exchange filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that REC Limited has continued its growth trajectory and posted yet another financial year with strong operational performance with highest ever loan sanctions at Rs 3.588 lakh crore and the highest ever loan disbursements at Rs 1.615 lakh crore during the year 2023-24.

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The salient highlights of the business performance of REC Limited for the financial year ended March 31, 2024, - Growth Sanctions is Rs 3,58,816 crore for FY24 while for FY23 it stood at Rs  2,68,461 crore and the termed growth stood at 33.66%. Meanwhile, Disbursements for FY24 is Rs 1,61,462 crore and for FY23 Rs 96,846 crore and the growth stood at 66.72%.

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The share prices of the company are however currently trading in red zone of Rs 456.85, down by -3.13%.

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