REC Signs 200M Euro Loan With German Bank KfW For Distribution Sector Reforms
REC Limited, a prominent Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, achieved a significant milestone by signing a 200 million Euro loan agreement with the German bank KfW. This agreement, marking REC’s sixth line of credit under the Indo-German Development Cooperation, emphasizes the corporation’s commitment to strengthening the distribution infrastructure of DISCOMs in alignment with the Revamped Distribution Sector Scheme (RDSS) of the Government of India.
Q: What is REC Limited’s affiliation under the Ministry of Power?
Answer: REC Limited is a Maharatna CPSE (Central Public Sector Enterprise) under the Ministry of Power.
Q: How much Euro loan did REC Limited secure, and from which bank?
Answer: REC Limited secured a 200 million Euro loan from the German bank KfW.
Q: In which sectors has REC recently ventured into apart from power infrastructure?
Answer: REC has diversified into non-power infrastructure sectors, including IT communication, social and commercial infrastructure, ports, and electro-mechanical works for various sectors.
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