REC Q2 FY24 report, Loan disbursements rise 13.7%
Loan disbursements for renewable energy projects surged by 37.35% in Q2, amounting to Rs 5,946 crore, compared to Rs 4,329 crore in the previous year.
REC Limited has recently reported robust performance for the second quarter and first half of the fiscal year 2024-25.
For Q2, the company disbursed loans totaling Rs 47,303 crore, marking a 13.71% growth compared to the same period last year. Over the first half of the fiscal year, loan disbursements reached Rs 90,955 crore, reflecting a notable 20.10% year-on-year increase.
Loan disbursements for renewable energy projects surged by 37.35% in Q2, amounting to Rs 5,946 crore, compared to Rs 4,329 crore in the previous year.
In the first half of FY24-25, loans for renewable energy projects soared by 92.68%, reaching Rs 11,297 crore, up from ?5,863 crore in the same period last year
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
