REC Limited reported a significant year-on-year growth of 17.98% in loan disbursements for the third quarter of FY24-25, reaching Rs 54,692 crore, up from Rs 46,358 crore in Q3 FY23-24. This robust performance underscores REC’s continued focus on expanding its lending portfolio.
The company also posted strong results for the nine-month period ending December 31, 2024, with total loan disbursements of Rs 1,45,647 crore, reflecting a growth of 19.30% compared to Rs 1,22,089 crore in the same period last year.
A noteworthy highlight of REC’s performance is its focus on renewable energy. Loan disbursements in this segment surged by 58.09% in Q3 FY24-25 to Rs 6,314 crore, compared to Rs 3,994 crore in Q3 FY23-24. For the nine-month period, renewable energy disbursements rose by an impressive 78.68% to Rs 17,612 crore, up from Rs 9,857 crore during the previous year.
This strong growth aligns with REC’s strategic emphasis on supporting India’s transition towards sustainable energy solutions. The company’s focus on renewable energy projects highlights its commitment to fostering clean energy and contributing to the nation’s green energy goals.
